Tech-Top Engineering Co (ROCO:6750) Interest Coverage : 10.34 (As of Dec. 2023)

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What is Tech-Top Engineering 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. Tech-Top Engineering Co's Operating Income for the six months ended in Dec. 2023 was NT$92 Mil. Tech-Top Engineering Co's Interest Expense for the six months ended in Dec. 2023 was NT$-9 Mil. Tech-Top Engineering Co's interest coverage for the quarter that ended in Dec. 2023 was 10.34. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Tech-Top Engineering Co's Interest Coverage or its related term are showing as below:

ROCO:6750' s Interest Coverage Range Over the Past 10 Years
Min: 7.24 Med: 11.36 Max: 15.82
Current: 7.78

ROCO:6750's Interest Coverage is ranked better than
51.89% of 1268 companies
in the Construction industry
Industry Median: 7.035 vs ROCO:6750: 7.78

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

Tech-Top Engineering Co Interest Coverage Historical Data

The historical data trend for Tech-Top Engineering 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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Tech-Top Engineering Co Interest Coverage Chart

Tech-Top Engineering Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

11.20

11.51

11.80

7.24

7.78

Tech-Top Engineering Co Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial								7.84	5.58	8.61	5.68	10.34

Competitive Comparison of Tech-Top Engineering Co's Interest Coverage

For the Engineering & Construction subindustry, Tech-Top Engineering 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.

Tech-Top Engineering Co's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tech-Top Engineering Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Tech-Top Engineering Co's Interest Coverage falls into.

Tech-Top Engineering 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.

Tech-Top Engineering 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, Tech-Top Engineering Co's Interest Expense was NT$-20 Mil. Its Operating Income was NT$154 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$248 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	154.048	/	-19.791
	=	7.78

Tech-Top Engineering Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Tech-Top Engineering Co's Interest Expense was NT$-9 Mil. Its Operating Income was NT$92 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$248 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	92.298	/	-8.922
	=	10.34

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

Tech-Top Engineering Co (ROCO:6750) 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 .

Tech-Top Engineering Co Interest Coverage Related Terms

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

Tech-Top Engineering Co (ROCO:6750) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tech-Top Engineering Co Ltd (ROCO:6750) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 158 Jiankang Road, 10 Floor, Zhonghe District, Taipei, TWN

Website

http://www.tech-top-eng.com

Tech-Top Engineering Co Ltd is an engineering company that provides services for cleanroom setup, water, and electrical supply system, fire control system, air conditioning, and laboratory facility. The company also provides PV and BIPV design, planning and construction.

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