Beijing GeoEnviron Engineering & Technology (SHSE:603588) Interest Coverage : 2.90 (As of Mar. 2024)

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What is Beijing GeoEnviron Engineering & Technology 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. Beijing GeoEnviron Engineering & Technology's Operating Income for the three months ended in Mar. 2024 was ¥300 Mil. Beijing GeoEnviron Engineering & Technology's Interest Expense for the three months ended in Mar. 2024 was ¥-103 Mil. Beijing GeoEnviron Engineering & Technology's interest coverage for the quarter that ended in Mar. 2024 was 2.90. 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. Beijing GeoEnviron Engineering & Technology Inc interest coverage is 2.31, which is low.

The historical rank and industry rank for Beijing GeoEnviron Engineering & Technology's Interest Coverage or its related term are showing as below:

SHSE:603588' s Interest Coverage Range Over the Past 10 Years
Min: 2.31 Med: 4.53 Max: 5.85
Current: 2.31

SHSE:603588's Interest Coverage is ranked worse than
81.18% of 170 companies
in the Waste Management industry
Industry Median: 5.135 vs SHSE:603588: 2.31

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

Beijing GeoEnviron Engineering & Technology Interest Coverage Historical Data

The historical data trend for Beijing GeoEnviron Engineering & Technology'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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Beijing GeoEnviron Engineering & Technology Interest Coverage Chart

Beijing GeoEnviron Engineering & Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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4.62

4.44

3.76

3.39

2.41

Beijing GeoEnviron Engineering & Technology 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															3.39	3.88	3.37	0.88	2.90

Competitive Comparison of Beijing GeoEnviron Engineering & Technology's Interest Coverage

For the Waste Management subindustry, Beijing GeoEnviron Engineering & Technology'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.

Beijing GeoEnviron Engineering & Technology's Interest Coverage Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Beijing GeoEnviron Engineering & Technology's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Beijing GeoEnviron Engineering & Technology's Interest Coverage falls into.

Beijing GeoEnviron Engineering & Technology 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.

Beijing GeoEnviron Engineering & Technology'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, Beijing GeoEnviron Engineering & Technology's Interest Expense was ¥-420 Mil. Its Operating Income was ¥1,012 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥4,966 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1012.078	/	-420.172
	=	2.41

Beijing GeoEnviron Engineering & Technology's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Beijing GeoEnviron Engineering & Technology's Interest Expense was ¥-103 Mil. Its Operating Income was ¥300 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥5,154 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	300.107	/	-103.366
	=	2.90

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

Beijing GeoEnviron Engineering & Technology (SHSE:603588) 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 .

Beijing GeoEnviron Engineering & Technology Interest Coverage Related Terms

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Beijing GeoEnviron Engineering & Technology (SHSE:603588) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Beijing GeoEnviron Engineering & Technology Inc (SHSE:603588) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

BGE Building, No.9 Dijin Road, Zhongguancun Environmental Protection Park, Beiqing Road, Haidian District, Beijing, CHN, 100095

Website

http://www.bgechina.cn

Beijing GeoEnviron Engineering & Technology Inc is specialized in the environmental technology research and the provision of solutions for the pollution control system. The company provides various services such as Urban 360 Environmental Manager that removes medical waste and hazardous wastes disposal, Kitchen waste treatment, Sludge disposal and others. Industrial Environment involves treatment of industrial wastewater and treatment of industrial solid waste, and Environment Remediation is engaged in remediation of the industrial site, underground water remediation, landfill remediation and farmland remediation.

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