Shandong Homey Aquatic Development Co (SHSE:600467) Interest Coverage : 1.01 (As of Dec. 2023)

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What is Shandong Homey Aquatic Development 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. Shandong Homey Aquatic Development Co's Operating Income for the three months ended in Dec. 2023 was ¥46 Mil. Shandong Homey Aquatic Development Co's Interest Expense for the three months ended in Dec. 2023 was ¥-45 Mil. Shandong Homey Aquatic Development Co's interest coverage for the quarter that ended in Dec. 2023 was 1.01. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Shandong Homey Aquatic Development Co Ltd interest coverage is 1.39, which is low.

The historical rank and industry rank for Shandong Homey Aquatic Development Co's Interest Coverage or its related term are showing as below:

SHSE:600467' s Interest Coverage Range Over the Past 10 Years
Min: 0.83 Med: 1.44 Max: 1.62
Current: 1.39

SHSE:600467's Interest Coverage is ranked worse than
84.8% of 1382 companies
in the Consumer Packaged Goods industry
Industry Median: 8.44 vs SHSE:600467: 1.39

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

Shandong Homey Aquatic Development Co Interest Coverage Historical Data

The historical data trend for Shandong Homey Aquatic Development 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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Shandong Homey Aquatic Development Co Interest Coverage Chart

Shandong Homey Aquatic Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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1.47

1.62

1.48

1.61

1.39

Shandong Homey Aquatic Development 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															2.52	1.44	1.83	1.42	1.01

Competitive Comparison of Shandong Homey Aquatic Development Co's Interest Coverage

For the Farm Products subindustry, Shandong Homey Aquatic Development 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.

Shandong Homey Aquatic Development Co's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shandong Homey Aquatic Development Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shandong Homey Aquatic Development Co's Interest Coverage falls into.

Shandong Homey Aquatic Development 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.

Shandong Homey Aquatic Development 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, Shandong Homey Aquatic Development Co's Interest Expense was ¥-135 Mil. Its Operating Income was ¥188 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥114 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	187.873	/	-135.353
	=	1.39

Shandong Homey Aquatic Development Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Shandong Homey Aquatic Development Co's Interest Expense was ¥-45 Mil. Its Operating Income was ¥46 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥114 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	45.774	/	-45.147
	=	1.01

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

Shandong Homey Aquatic Development Co (SHSE:600467) 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 .

Shandong Homey Aquatic Development Co Interest Coverage Related Terms

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

Shandong Homey Aquatic Development Co (SHSE:600467) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Homey Aquatic Development Co Ltd (SHSE:600467) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Shazuizi, Hushan Town, Rongcheng, Shandong, CHN, 264305

Website

http://www.sdhaodangjia.com

Shandong Homey Aquatic Development Co Ltd is engaged in the aquaculture and food processing businesses in China. Its products include sea cucumber, sea bream, abalone, prawn, kelp, clam, loach and other sea treasures, all of which are medium and high-grade seafood. Its other products include frozen food, aquatic products, health tonic series, beverage series products and salted aquatic products. The company distributes its products within domestic market and to overseas markets.

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