Ganfeng Lithium Group Co (SZSE:002460) Interest Coverage

: 0 (At Loss) (As of Dec. 2023)

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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. Ganfeng Lithium Group Co's Operating Income for the three months ended in Dec. 2023 was ¥-94 Mil. Ganfeng Lithium Group Co's Interest Expense for the three months ended in Dec. 2023 was ¥-217 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

SZSE:002460' s Interest Coverage Range Over the Past 10 Years
Min: 3.33 Med: 12.65 Max: 45.15
Current: 4.61

SZSE:002460's Interest Coverage is ranked worse than
69.83% of 1190 companies
in the Chemicals industry
Industry Median: 9.785 vs SZSE:002460: 4.61

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

Ganfeng Lithium Group Co Interest Coverage Historical Data

The historical data trend for Ganfeng Lithium 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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Ganfeng Lithium Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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4.25

3.33

13.40

45.15

4.61

Ganfeng Lithium 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															35.30	17.59	3.23	0.79	-

Competitive Comparison

For the Chemicals subindustry, Ganfeng Lithium 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.

Ganfeng Lithium Group Co Interest Coverage Distribution

For the Chemicals industry and Basic Materials sector, Ganfeng Lithium Group Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ganfeng Lithium Group Co's Interest Coverage falls into.

Ganfeng Lithium 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.

Ganfeng Lithium 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, Ganfeng Lithium Group Co's Interest Expense was ¥-784 Mil. Its Operating Income was ¥3,618 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥15,629 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	3617.745	/	-784.312
	=	4.61

Ganfeng Lithium 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, Ganfeng Lithium Group Co's Interest Expense was ¥-217 Mil. Its Operating Income was ¥-94 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥15,629 Mil.

Ganfeng Lithium Group Co did not have earnings to cover the interest expense.

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

Ganfeng Lithium Group Co (SZSE:002460) 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 .

Ganfeng Lithium Group Co Interest Coverage Related Terms

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

Ganfeng Lithium Group Co (SZSE:002460) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ganfeng Lithium Group Co Ltd (SZSE:002460) » Definitions » Interest Coverage

Traded in Other Exchanges

GNENY:USA GNENF:USA 01772:Hong Kong 39EA:Germany

Address

248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG

Website

http://www.ganfenglithium.com

Founded in 2000, Ganfeng is the world's third largest and China's largest lithium compounds producer and the world's largest lithium metals producer in terms of production capacity. The company offers five major categories of more than 40 lithium compounds and metals products, which is one of the most comprehensive product offerings among the suppliers globally. Starting as a midstream manufacturer of lithium compounds and lithium metals, Ganfeng has successfully expanded into a vertically integrated business model with operations along the critical stages of the industry value chain, including upstream lithium extraction, midstream lithium compounds and metals processing, and downstream lithium battery production and recycling.

Ganfeng Lithium Group Co (SZSE:002460) Headlines

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