Jiangsu DINGS Intelligent Control Technology Co (BJSE:873593) Interest Coverage : 137.47 (As of Mar. 2024)

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What is Jiangsu DINGS Intelligent Control Technology 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. Jiangsu DINGS Intelligent Control Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥4.4 Mil. Jiangsu DINGS Intelligent Control Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.0 Mil. Jiangsu DINGS Intelligent Control Technology Co's interest coverage for the quarter that ended in Mar. 2024 was 137.47. 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. Jiangsu DINGS Intelligent Control Technology Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Jiangsu DINGS Intelligent Control Technology Co's Interest Coverage or its related term are showing as below:

BJSE:873593' s Interest Coverage Range Over the Past 10 Years
Min: 78.7 Med: 373.94 Max: 652.83
Current: 125.09

BJSE:873593's Interest Coverage is ranked better than
82.81% of 2292 companies
in the Industrial Products industry
Industry Median: 13.675 vs BJSE:873593: 125.09

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

Jiangsu DINGS Intelligent Control Technology Co Interest Coverage Historical Data

The historical data trend for Jiangsu DINGS Intelligent Control Technology 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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Jiangsu DINGS Intelligent Control Technology Co Interest Coverage Chart

Jiangsu DINGS Intelligent Control Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

652.83

78.70

380.50

246.77

373.94

Jiangsu DINGS Intelligent Control Technology Co Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial													547.14	107.40	-	60.81	137.47

Competitive Comparison of Jiangsu DINGS Intelligent Control Technology Co's Interest Coverage

For the Electrical Equipment & Parts subindustry, Jiangsu DINGS Intelligent Control Technology 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.

Jiangsu DINGS Intelligent Control Technology Co's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu DINGS Intelligent Control Technology Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Jiangsu DINGS Intelligent Control Technology Co's Interest Coverage falls into.

Jiangsu DINGS Intelligent Control Technology 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.

Jiangsu DINGS Intelligent Control Technology Co's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Jiangsu DINGS Intelligent Control Technology Co's Interest Expense was ¥-0.3 Mil. Its Operating Income was ¥120.8 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥3.4 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	120.783	/	-0.323
	=	373.94

Jiangsu DINGS Intelligent Control Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Jiangsu DINGS Intelligent Control Technology Co's Interest Expense was ¥-0.0 Mil. Its Operating Income was ¥4.4 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥0.1 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	4.399	/	-0.032
	=	137.47

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

Jiangsu DINGS Intelligent Control Technology Co (BJSE:873593) 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 .

Jiangsu DINGS Intelligent Control Technology Co Interest Coverage Related Terms

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Jiangsu DINGS Intelligent Control Technology Co (BJSE:873593) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu DINGS Intelligent Control Technology Co Ltd (BJSE:873593) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

No. 355, Longjin Road, Lucheng Street, Changzhou Economic Development Zone, Jiangsu Province, Nanjing, CHN, 213000

Website

https://www.dingsmotion.cn

Jiangsu DINGS Intelligent Control Technology Co Ltd engages in the design, development, production, and sales of linear actuators, hybrid stepper motors, DC motors, voice coil motors, and their components. Its product offering comprises Stepper Lead Screw Linear Actuator, Stepper Ball Screw Linear Actuator, PM Linear Actuator, Hybrid Rotary Stepper Motor., Hollow Shaft Stepper Motor, Brushless DC Motor, Slotless Brushless DC Motor, Voice Coil Motor, Motion Controller, Customization Options, Gripper, and DLM Series.

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