Bestore Co (SHSE:603719) Interest Coverage : 12.21 (As of Mar. 2024)

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What is Bestore 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. Bestore Co's Operating Income for the three months ended in Mar. 2024 was ¥89 Mil. Bestore Co's Interest Expense for the three months ended in Mar. 2024 was ¥-7 Mil. Bestore Co's interest coverage for the quarter that ended in Mar. 2024 was 12.21. The higher the ratio, the stronger the company's financial strength is.

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

SHSE:603719' s Interest Coverage Range Over the Past 10 Years
Min: 4.4 Med: 29.55 Max: 1981.45
Current: 4.4

SHSE:603719's Interest Coverage is ranked worse than
65.16% of 1375 companies
in the Consumer Packaged Goods industry
Industry Median: 8.77 vs SHSE:603719: 4.40

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

Bestore Co Interest Coverage Historical Data

The historical data trend for Bestore 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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Bestore Co Interest Coverage Chart

Bestore Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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44.53

1,981.45

29.55

34.16

9.18

Bestore 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															45.36	12.11	0.41	-	12.21

Competitive Comparison of Bestore Co's Interest Coverage

For the Packaged Foods subindustry, Bestore 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.

Bestore Co's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bestore Co's Interest Coverage distribution charts can be found below:

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

Bestore 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.

Bestore 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, Bestore Co's Interest Expense was ¥-25 Mil. Its Operating Income was ¥227 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥392 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	227.402	/	-24.774
	=	9.18

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

Here, for the three months ended in Mar. 2024, Bestore Co's Interest Expense was ¥-7 Mil. Its Operating Income was ¥89 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥319 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	89.439	/	-7.327
	=	12.21

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

Bestore Co (SHSE:603719) 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 .

Bestore Co Interest Coverage Related Terms

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

Bestore Co (SHSE:603719) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bestore Co Ltd (SHSE:603719) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

No. 8 Zaomaling Innovation Avenue, Dongxihu District, Hubei Province, Wuhan, CHN, 430000

Website

http://www.517lppz.com

Bestore Co Ltd is engaged in the procurement, sales and operation of snack foods. The company's products include bulk food including refrigerated frozen food, bulk cooked food; pre-packaged food including refrigerated frozen food; special food such as health products, infant formula milk powder, other infant formula; vegetables; dried fruits; flowers; daily necessities; agricultural products; agricultural and sideline products; hot foods including semi-finished foods; pastry foods including decorating foods; production and sale of homemade beverages including homemade fresh milk beverages; cold foods; raw foods including meat products, raw seafood foods; food packaging and processing; storage services, and venue rental.

Bestore Co (SHSE:603719) Headlines

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