China Boqi Environmental (Holding) Co (HKSE:02377) Interest Coverage : 17.44 (As of Dec. 2023)

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What is China Boqi Environmental (Holding) 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 Boqi Environmental (Holding) Co's Operating Income for the six months ended in Dec. 2023 was HK$158 Mil. China Boqi Environmental (Holding) Co's Interest Expense for the six months ended in Dec. 2023 was HK$-9 Mil. China Boqi Environmental (Holding) Co's interest coverage for the quarter that ended in Dec. 2023 was 17.44. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for China Boqi Environmental (Holding) Co's Interest Coverage or its related term are showing as below:

HKSE:02377' s Interest Coverage Range Over the Past 10 Years
Min: 13.23 Med: 23.15 Max: 46.59
Current: 18.72

HKSE:02377's Interest Coverage is ranked better than
56.4% of 2298 companies
in the Industrial Products industry
Industry Median: 13.58 vs HKSE:02377: 18.72

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 Boqi Environmental (Holding) Co Interest Coverage Historical Data

The historical data trend for China Boqi Environmental (Holding) 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 Boqi Environmental (Holding) Co Interest Coverage Chart

China Boqi Environmental (Holding) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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46.59

22.50

23.79

16.80

18.72

China Boqi Environmental (Holding) Co Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial												21.44	7.89	33.65	20.46	17.44

Competitive Comparison of China Boqi Environmental (Holding) Co's Interest Coverage

For the Pollution & Treatment Controls subindustry, China Boqi Environmental (Holding) 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 Boqi Environmental (Holding) Co's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China Boqi Environmental (Holding) Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where China Boqi Environmental (Holding) Co's Interest Coverage falls into.

China Boqi Environmental (Holding) 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 Boqi Environmental (Holding) 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 Boqi Environmental (Holding) Co's Interest Expense was HK$-16 Mil. Its Operating Income was HK$296 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$132 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	295.909	/	-15.804
	=	18.72

China Boqi Environmental (Holding) Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, China Boqi Environmental (Holding) Co's Interest Expense was HK$-9 Mil. Its Operating Income was HK$158 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$132 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	158.478	/	-9.087
	=	17.44

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

China Boqi Environmental (Holding) Co (HKSE:02377) 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 Boqi Environmental (Holding) Co Interest Coverage Related Terms

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China Boqi Environmental (Holding) Co (HKSE:02377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Boqi Environmental (Holding) Co Ltd (HKSE:02377) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. Jia 8, Xinglongzhuang, Floor 2, Guoben Culture Building, Chaoyang District, Beijing, CHN, 100123

Website

http://www.chinaboqi.com

China Boqi Environmental (Holding) Co Ltd is an investment holding company. It operates in four segments: Environmental protection facilities, mainly including EPC, which consists of project design, procurement of equipment and materials, project construction and equipment installment, and testing services; Operation & maintenance segment comprises of operation service and regular maintenance service for desulfurization and denitrification facilities and dust removal facilities; Concession operations segment includes the construction of infrastructure or acquisition of existing infrastructure from the grantor and operation and maintenance of flue gas treatment project; and Others segment consists of the sale of by-products and others. The group primarily operates in the PRC.

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