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JH Educational Technology (HKSE:01935) Interest Coverage : 14,488.53 (As of Dec. 2023)


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What is JH Educational Technology 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. JH Educational Technology's Operating Income for the six months ended in Dec. 2023 was HK$217.3 Mil. JH Educational Technology's Interest Expense for the six months ended in Dec. 2023 was HK$-0.0 Mil. JH Educational Technology's interest coverage for the quarter that ended in Dec. 2023 was 14,488.53. 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. JH Educational Technology Inc has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for JH Educational Technology's Interest Coverage or its related term are showing as below:

HKSE:01935' s Interest Coverage Range Over the Past 10 Years
Min: 53   Med: 13814.67   Max: 93594
Current: 26865.68


HKSE:01935's Interest Coverage is ranked better than
98.9% of 182 companies
in the Education industry
Industry Median: 15.465 vs HKSE:01935: 26865.68

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


JH Educational Technology Interest Coverage Historical Data

The historical data trend for JH Educational Technology'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.

JH Educational Technology Interest Coverage Chart

JH Educational Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 53.00 6,375.52 21,253.82 727.83 25,522.40

JH Educational Technology Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 16,523.93 19,179.93 362.32 73,280.00 14,488.53

Competitive Comparison of JH Educational Technology's Interest Coverage

For the Education & Training Services subindustry, JH Educational Technology'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.


JH Educational Technology's Interest Coverage Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, JH Educational Technology's Interest Coverage distribution charts can be found below:

* The bar in red indicates where JH Educational Technology's Interest Coverage falls into.



JH Educational Technology 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.

JH Educational Technology'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, JH Educational Technology's Interest Expense was HK$-0.0 Mil. Its Operating Income was HK$510.4 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.3 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*510.448/-0.02
=25,522.40

JH Educational Technology's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, JH Educational Technology's Interest Expense was HK$-0.0 Mil. Its Operating Income was HK$217.3 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.3 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*217.328/-0.015
=14,488.53

* 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.


JH Educational Technology  (HKSE:01935) 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 .


JH Educational Technology Interest Coverage Related Terms

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


JH Educational Technology (HKSE:01935) Business Description

Traded in Other Exchanges
N/A
Address
No 618, Liuweng Road, Liushi Town, Yueqing, CHN
JH Educational Technology Inc is engaged in the provision of higher and secondary education services and related management services in the People's Republic of China (the PRC). In addition to offering higher education, it also provides education to high school students in Zhejiang province. It controls and operates three schools, namely Zhengzhou College of Economics and Business, Zhejiang Changzheng Vocational & Technical College, and Yueqing Jingyi Secondary School. Geographically company generates its revenue from China.
Executives
Feng’s Investment Holdings Limited 2101 Beneficial owner
Chen Ling Feng 2201 Interest of corporation controlled by you
Chen Shu 2201 Interest of corporation controlled by you
Chen Yu Cao 2201 Interest of corporation controlled by you
Nan Luo Qiu 2202 Interest of your spouse
Cao’s Investment Holdings Limited 2101 Beneficial owner
Chen Yu Dian 2202 Interest of your spouse
Chen Yu Chun 2201 Interest of corporation controlled by you
Zheng Sui Lan 2202 Interest of your spouse
Zhang Xu Li 2201 Interest of corporation controlled by you
Chun’s Investment Holdings Limited 2101 Beneficial owner
Zxl Investment Holdings Limited 2101 Beneficial owner
Lin Yun Ru 2202 Interest of your spouse
Shu’s Investment Holdings Limited 2101 Beneficial owner
Chen Yu Guo 2201 Interest of corporation controlled by you

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