COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Interest Coverage : 4.34 (As of Mar. 2024)

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What is COSCO SHIPPING Specialized Carriers 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. COSCO SHIPPING Specialized Carriers Co's Operating Income for the three months ended in Mar. 2024 was ¥452 Mil. COSCO SHIPPING Specialized Carriers Co's Interest Expense for the three months ended in Mar. 2024 was ¥-104 Mil. COSCO SHIPPING Specialized Carriers Co's interest coverage for the quarter that ended in Mar. 2024 was 4.34. 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. COSCO SHIPPING Specialized Carriers Co Ltd interest coverage is 2.76, which is low.

The historical rank and industry rank for COSCO SHIPPING Specialized Carriers Co's Interest Coverage or its related term are showing as below:

SHSE:600428' s Interest Coverage Range Over the Past 10 Years
Min: 0.52 Med: 1.71 Max: 6.62
Current: 2.76

SHSE:600428's Interest Coverage is ranked worse than
70.81% of 812 companies
in the Transportation industry
Industry Median: 5.295 vs SHSE:600428: 2.76

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

COSCO SHIPPING Specialized Carriers Co Interest Coverage Historical Data

The historical data trend for COSCO SHIPPING Specialized Carriers 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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COSCO SHIPPING Specialized Carriers Co Interest Coverage Chart

COSCO SHIPPING Specialized Carriers Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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1.61

1.65

5.55

6.62

2.80

COSCO SHIPPING Specialized Carriers Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															4.62	2.96	2.99	0.71	4.34

Competitive Comparison of COSCO SHIPPING Specialized Carriers Co's Interest Coverage

For the Marine Shipping subindustry, COSCO SHIPPING Specialized Carriers 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.

COSCO SHIPPING Specialized Carriers Co's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, COSCO SHIPPING Specialized Carriers Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where COSCO SHIPPING Specialized Carriers Co's Interest Coverage falls into.

COSCO SHIPPING Specialized Carriers 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.

COSCO SHIPPING Specialized Carriers 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, COSCO SHIPPING Specialized Carriers Co's Interest Expense was ¥-390 Mil. Its Operating Income was ¥1,093 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥8,919 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1092.552	/	-390.428
	=	2.80

COSCO SHIPPING Specialized Carriers Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, COSCO SHIPPING Specialized Carriers Co's Interest Expense was ¥-104 Mil. Its Operating Income was ¥452 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥8,519 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	451.943	/	-104.059
	=	4.34

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

COSCO SHIPPING Specialized Carriers Co (SHSE:600428) 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 .

COSCO SHIPPING Specialized Carriers Co Interest Coverage Related Terms

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

COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Specialized Carriers Co Ltd (SHSE:600428) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

No. 282 Dongjiang Avenue, Free Trade Zone, Kangsheng Building, Guangdong Province, Guangzhou, CHN, 510623

Website

http://www.coscol.com.cn

COSCO Shipping is mainly engaged in the multipurpose shipping business. It also offers specialized shipping services. The company's specialized shipping unit owns semisubmersible ships, heavy-lift ships, roll-on/roll-off vessels, and vehicle carriers. Parent company COSCO owns a 50.13% stake in COSCO Shipping. At the end of December 2010, COSCO Shipping owned 77 ships with a total shipping capacity of 1.3173 million deadweight tons.

Executives

Han Guo Min	senior management
Fang Zhi Wei	Supervisors
Guo Jing	Director
Lin Jing Wei	senior management
Guo Fu Xiang	senior management
Lai Yi Guang	senior management
Tan Jin Song	Director
Du Jun Ming	senior management
Xue Jun Dong	senior management
Jin Li Zuo	Director

COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Headlines

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