China Resources Building Materials Technology Holdings (China Resources Building Materials Technology Holdings) Interest Coverage : 4.17 (As of Dec. 2023)

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What is China Resources Building Materials Technology Holdings Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. China Resources Building Materials Technology Holdings's Operating Income for the three months ended in Dec. 2023 was $72 Mil. China Resources Building Materials Technology Holdings's Interest Expense for the three months ended in Dec. 2023 was $-17 Mil. China Resources Building Materials Technology Holdings's interest coverage for the quarter that ended in Dec. 2023 was 4.17. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for China Resources Building Materials Technology Holdings's Interest Coverage or its related term are showing as below:

CJRCF' s Interest Coverage Range Over the Past 10 Years
Min: 1.47 Med: 8.48 Max: 40.47
Current: 1.47

CJRCF's Interest Coverage is ranked worse than
86.93% of 306 companies
in the Building Materials industry
Industry Median: 7.065 vs CJRCF: 1.47

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

China Resources Building Materials Technology Holdings Interest Coverage Historical Data

The historical data trend for China Resources Building Materials Technology Holdings's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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China Resources Building Materials Technology Holdings Interest Coverage Chart

China Resources Building Materials Technology Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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25.59

39.91

40.47

5.99

1.84

China Resources Building Materials Technology Holdings Quarterly Data
	Sep16	Dec16	Jun17	Sep17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															4.43	N/A	-	4.17	0.82

Competitive Comparison of China Resources Building Materials Technology Holdings's Interest Coverage

For the Building Materials subindustry, China Resources Building Materials Technology Holdings's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

China Resources Building Materials Technology Holdings's Interest Coverage Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, China Resources Building Materials Technology Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where China Resources Building Materials Technology Holdings's Interest Coverage falls into.

China Resources Building Materials Technology Holdings Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

China Resources Building Materials Technology Holdings's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, China Resources Building Materials Technology Holdings's Interest Expense was $-75 Mil. Its Operating Income was $138 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,961 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	138.368	/	-75.042
	=	1.84

China Resources Building Materials Technology Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, China Resources Building Materials Technology Holdings's Interest Expense was $-17 Mil. Its Operating Income was $72 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,961 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	72.271	/	-17.329
	=	4.17

The higher the ratio, the stronger the company's Financial Strength is.

China Resources Building Materials Technology Holdings (OTCPK:CJRCF) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

China Resources Building Materials Technology Holdings Interest Coverage Related Terms

Thank you for viewing the detailed overview of China Resources Building Materials Technology Holdings's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

China Resources Building Materials Technology Holdings (China Resources Building Materials Technology Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Resources Building Materials Technology Holdings Ltd (OTCPK:CJRCF) » Definitions » Interest Coverage

Traded in Other Exchanges

CARCY:USA 01313:Hong Kong C44:Germany

Address

26 Harbour Road, Room 3001-05, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crcement.com

China Resources Building Materials Technology Holdings Ltd formerly China Resources Cement Holdings Ltd is a cement and concrete producer in Southern China. Its operations range from the excavation of limestone to the production, sale, and distribution of cement, clinker, and concrete. The company's segments are Cement and Concrete of which its majority revenue is derived from the manufacture and sale of cement products. The group products are mainly used in the construction of infrastructure projects such as railways, highways, subways, bridges, airports, ports, dams, hydroelectric power stations, and nuclear power stations, as well as the construction of high-rise buildings and the development of suburban and rural areas. Geographically, the majority is derived from Guangdong.