Yutong Bus Co (SHSE:600066) Interest Coverage : 10,028.40 (As of Dec. 2023)

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What is Yutong Bus Co 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. Yutong Bus Co's Operating Income for the three months ended in Dec. 2023 was ¥1,444 Mil. Yutong Bus Co's Interest Expense for the three months ended in Dec. 2023 was ¥-0 Mil. Yutong Bus Co's interest coverage for the quarter that ended in Dec. 2023 was 10,028.40. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Yutong Bus Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Yutong Bus Co's Interest Coverage or its related term are showing as below:

SHSE:600066' s Interest Coverage Range Over the Past 10 Years
Min: 12.87 Med: 52.07 Max: 4276.98
Current: 1441.83

SHSE:600066's Interest Coverage is ranked better than
96.27% of 161 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 9.69 vs SHSE:600066: 1441.83

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

Yutong Bus Co Interest Coverage Historical Data

The historical data trend for Yutong Bus Co'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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Yutong Bus Co Interest Coverage Chart

Yutong Bus Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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46.49

320.16

108.39

4,276.98

1,441.06

Yutong Bus Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															2.74	69.17	1,502.14	704.75	10,028.40

Competitive Comparison of Yutong Bus Co's Interest Coverage

For the Farm & Heavy Construction Machinery subindustry, Yutong Bus Co'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.

Yutong Bus Co's Interest Coverage Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Yutong Bus Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Yutong Bus Co's Interest Coverage falls into.

Yutong Bus Co 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.

Yutong Bus Co'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, Yutong Bus Co's Interest Expense was ¥-2 Mil. Its Operating Income was ¥2,696 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥14 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	2696.23	/	-1.871
	=	1,441.06

Yutong Bus Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Yutong Bus Co's Interest Expense was ¥-0 Mil. Its Operating Income was ¥1,444 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥14 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1444.089	/	-0.144
	=	10,028.40

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

Yutong Bus Co (SHSE:600066) 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 .

Yutong Bus Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Yutong Bus Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Yutong Bus Co (SHSE:600066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Yutong Bus Co Ltd (SHSE:600066) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

66 Yuxing Road, Zhengzhou Economic and Technological Development Zone, Henan Province, Zhengzhou, CHN, 450016

Website

http://www.yutong.com

Yutong is the global market leader in buses, with close to 90% of revenue coming from sales in China. It is also China's largest bus manufacturer with around 30% of market share in medium and large buses. With the highest production capacity in its core segment, the company continues to benefit from the Chinese central government's subsidies for electric vehicles. Yutong's current product portfolio covers nearly all bus segments, including motor coach, shuttle, and school bus. While the firm started as a state-owned enterprise, a team of 23 company managers launched a management buyout in 2001 and eventually took over the firm in 2003.

Yutong Bus Co (SHSE:600066) Headlines

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