BAIC BluePark New Energy Technology Co (SHSE:600733) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

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What is BAIC BluePark New Energy 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. BAIC BluePark New Energy Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥-878 Mil. BAIC BluePark New Energy Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-109 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for BAIC BluePark New Energy Technology Co's Interest Coverage or its related term are showing as below:

SHSE:600733's Interest Coverage is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 7.73
* Ranked among companies with meaningful Interest Coverage only.

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

BAIC BluePark New Energy Technology Co Interest Coverage Historical Data

The historical data trend for BAIC BluePark New Energy 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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BAIC BluePark New Energy Technology Co Interest Coverage Chart

BAIC BluePark New Energy Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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0.54

BAIC BluePark New Energy Technology 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															-	-	-	-	-

Competitive Comparison of BAIC BluePark New Energy Technology Co's Interest Coverage

For the Auto Manufacturers subindustry, BAIC BluePark New Energy 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.

BAIC BluePark New Energy Technology Co's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, BAIC BluePark New Energy Technology Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where BAIC BluePark New Energy Technology Co's Interest Coverage falls into.

BAIC BluePark New Energy 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.

BAIC BluePark New Energy Technology 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, BAIC BluePark New Energy Technology Co's Interest Expense was ¥-520 Mil. Its Operating Income was ¥-4,848 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥2,779 Mil.

BAIC BluePark New Energy Technology Co did not have earnings to cover the interest expense.

BAIC BluePark New Energy 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, BAIC BluePark New Energy Technology Co's Interest Expense was ¥-109 Mil. Its Operating Income was ¥-878 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥2,932 Mil.

BAIC BluePark New Energy Technology Co did not have earnings to cover the interest expense.

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

BAIC BluePark New Energy Technology Co (SHSE:600733) 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 .

BAIC BluePark New Energy Technology Co Interest Coverage Related Terms

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BAIC BluePark New Energy Technology Co (SHSE:600733) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BAIC BluePark New Energy Technology Co Ltd (SHSE:600733) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

No. 5, Donghuan Middle Road, Building 12, Economic and Technological Development Zone, Beijing, CHN, 100176

Website

http://www.bjev.com.cn

BAIC BluePark New Energy Technology Co Ltd is a Chinese new energy vehicle company. It is engaged in building a new ecology and new pattern of the integration of automobile and energy, internet and artificial intelligence industry, and building a new energy vehicle technology innovation center. It owns global research and development centers in Beijing, Silicon Valley, Germany, Spain, and other areas covering electric drive assembly systems, internet, and intelligent, extended-range electric vehicle power systems.

Executives

Wang Jian Ming	Supervisors
Zhang Xian	Director

BAIC BluePark New Energy Technology Co (SHSE:600733) Headlines

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