China Film Co (SHSE:600977) Interest Coverage : 9.53 (As of Mar. 2024)

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What is China Film 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. China Film Co's Operating Income for the three months ended in Mar. 2024 was ¥136 Mil. China Film Co's Interest Expense for the three months ended in Mar. 2024 was ¥-14 Mil. China Film Co's interest coverage for the quarter that ended in Mar. 2024 was 9.53. The higher the ratio, the stronger the company's financial strength is.

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

SHSE:600977' s Interest Coverage Range Over the Past 10 Years
Min: 4.22 Med: 92.06 Max: 688.31
Current: 7.71

SHSE:600977's Interest Coverage is ranked worse than
57.65% of 614 companies
in the Media - Diversified industry
Industry Median: 11.615 vs SHSE:600977: 7.71

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

China Film Co Interest Coverage Historical Data

The historical data trend for China Film 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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China Film Co Interest Coverage Chart

China Film Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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236.46

4.22

9.04

China Film 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															13.63	10.52	10.70	0.39	9.53

Competitive Comparison of China Film Co's Interest Coverage

For the Entertainment subindustry, China Film 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.

China Film Co's Interest Coverage Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, China Film Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where China Film Co's Interest Coverage falls into.

China Film 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.

China Film 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, China Film Co's Interest Expense was ¥-71 Mil. Its Operating Income was ¥645 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥1,232 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	644.577	/	-71.335
	=	9.04

China Film Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, China Film Co's Interest Expense was ¥-14 Mil. Its Operating Income was ¥136 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥1,193 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	136.126	/	-14.279
	=	9.53

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

China Film Co (SHSE:600977) 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 .

China Film Co Interest Coverage Related Terms

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

China Film Co (SHSE:600977) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » China Film Co Ltd (SHSE:600977) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 Beizhan North Street, Block E, Huayuan Enterprise, Xicheng District, Beijing, CHN

Website

http://www.chinafilm.com

China Film Co Ltd is a China-based company engaged in the production and distribution of films. It is also involved in the production of television programs, operating and managing theatres, and providing film screening, marketing, and brokerage services. The company's production areas include two-dimensional animation, three-dimensional animation, three-dimensional animation, grid-by-frame animation and other mainstream animation production at home and abroad. The production of the animation includes dolls, clay dolls, paper-cutting, sand and other forms, and further in-depth development of production equipment and processes overseas.

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