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Shanghai Jiaoda Onlly Co (SHSE:600530) Interest Coverage : 0 (At Loss) (As of Sep. 2023)


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What is Shanghai Jiaoda Onlly 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. Shanghai Jiaoda Onlly Co's Operating Income for the three months ended in Sep. 2023 was ¥-3.8 Mil. Shanghai Jiaoda Onlly Co's Interest Expense for the three months ended in Sep. 2023 was ¥-2.6 Mil. did not have earnings to cover the interest expense. 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. Shanghai Jiaoda Onlly Co Ltd interest coverage is 3.68, which is low.

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

SHSE:600530' s Interest Coverage Range Over the Past 10 Years
Min: 0.52   Med: 2.73   Max: 3.68
Current: 3.68


SHSE:600530's Interest Coverage is ranked worse than
73.66% of 691 companies
in the Drug Manufacturers industry
Industry Median: 12.08 vs SHSE:600530: 3.68

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


Shanghai Jiaoda Onlly Co Interest Coverage Historical Data

The historical data trend for Shanghai Jiaoda Onlly 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.

* Premium members only.

Shanghai Jiaoda Onlly Co Interest Coverage Chart

Shanghai Jiaoda Onlly Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.52 2.90 3.05 3.48

Shanghai Jiaoda Onlly Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.12 4.35 3.79 6.54 -

Competitive Comparison of Shanghai Jiaoda Onlly Co's Interest Coverage

For the Drug Manufacturers - Specialty & Generic subindustry, Shanghai Jiaoda Onlly 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.


Shanghai Jiaoda Onlly Co's Interest Coverage Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Shanghai Jiaoda Onlly Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shanghai Jiaoda Onlly Co's Interest Coverage falls into.



Shanghai Jiaoda Onlly 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.

Shanghai Jiaoda Onlly Co's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Shanghai Jiaoda Onlly Co's Interest Expense was ¥-17.3 Mil. Its Operating Income was ¥60.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥171.6 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*60.232/-17.319
=3.48

Shanghai Jiaoda Onlly Co's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Shanghai Jiaoda Onlly Co's Interest Expense was ¥-2.6 Mil. Its Operating Income was ¥-3.8 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥118.9 Mil.

Shanghai Jiaoda Onlly Co did not have earnings to cover the interest expense.

* 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.

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


Shanghai Jiaoda Onlly Co  (SHSE:600530) 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 .


Shanghai Jiaoda Onlly Co Interest Coverage Related Terms

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


Shanghai Jiaoda Onlly Co (SHSE:600530) Business Description

Traded in Other Exchanges
N/A
Address
No. 700 Yishan Road, Shanghai, Shanghai, CHN, 200233
Shanghai Jiaoda Onlly Co Ltd is engaged in producing and distributing healthcare products. The company is also involved in real estate and financial investment. Its main products are biological products and healthcare products.

Shanghai Jiaoda Onlly Co (SHSE:600530) Headlines

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