Shanghai Jin Jiang International Hotel (Group) Co (SHSE:600754) Interest Coverage : 0.73 (As of Dec. 2023)

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What is Shanghai Jin Jiang International Hotel (Group) 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 Jin Jiang International Hotel (Group) Co's Operating Income for the three months ended in Dec. 2023 was ¥365 Mil. Shanghai Jin Jiang International Hotel (Group) Co's Interest Expense for the three months ended in Dec. 2023 was ¥-503 Mil. Shanghai Jin Jiang International Hotel (Group) Co's interest coverage for the quarter that ended in Dec. 2023 was 0.73. 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 Jin Jiang International Hotel (Group) Co Ltd interest coverage is 2.51, which is low.

The historical rank and industry rank for Shanghai Jin Jiang International Hotel (Group) Co's Interest Coverage or its related term are showing as below:

SHSE:600754' s Interest Coverage Range Over the Past 10 Years
Min: 0.77 Med: 2.51 Max: 4.64
Current: 2.51

SHSE:600754's Interest Coverage is ranked worse than
68.05% of 604 companies
in the Travel & Leisure industry
Industry Median: 5.15 vs SHSE:600754: 2.51

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 Jin Jiang International Hotel (Group) Co Interest Coverage Historical Data

The historical data trend for Shanghai Jin Jiang International Hotel (Group) 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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Shanghai Jin Jiang International Hotel (Group) Co Interest Coverage Chart

Shanghai Jin Jiang International Hotel (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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4.64

1.35

0.77

2.51

Shanghai Jin Jiang International Hotel (Group) 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															0.13	2.33	2.39	-	0.73

Competitive Comparison of Shanghai Jin Jiang International Hotel (Group) Co's Interest Coverage

For the Lodging subindustry, Shanghai Jin Jiang International Hotel (Group) 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 Jin Jiang International Hotel (Group) Co's Interest Coverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Shanghai Jin Jiang International Hotel (Group) Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shanghai Jin Jiang International Hotel (Group) Co's Interest Coverage falls into.

Shanghai Jin Jiang International Hotel (Group) 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 Jin Jiang International Hotel (Group) 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, Shanghai Jin Jiang International Hotel (Group) Co's Interest Expense was ¥-846 Mil. Its Operating Income was ¥2,128 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥18,209 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	2127.748	/	-846.031
	=	2.51

Shanghai Jin Jiang International Hotel (Group) Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Shanghai Jin Jiang International Hotel (Group) Co's Interest Expense was ¥-503 Mil. Its Operating Income was ¥365 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥18,209 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	365.319	/	-502.845
	=	0.73

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

Shanghai Jin Jiang International Hotel (Group) Co (SHSE:600754) 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 Jin Jiang International Hotel (Group) Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Shanghai Jin Jiang International Hotel (Group) Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Jin Jiang International Hotel (Group) Co (SHSE:600754) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shanghai Jin Jiang International Hotel (Group) Co Ltd (SHSE:600754) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

900934:China

Address

No. 100 Yan an East Road, 26th Floor, Union Building, Shanghai, CHN

Website

http://www.jinjianghotels.com.cn

Shanghai Jin Jiang International Hotel (Group) Co Ltd is one of the leading hotel group in China, engaged in hotel operation and management, franchising, and the businesses of restaurants, transportation, logistics, and travel agency. The group operates a wide range of hotels, including full-service hotels and select service hotels.

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