Geovis Technology Co (SHSE:688568) Interest Coverage : 9.89 (As of Mar. 2024)

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What is Geovis 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. Geovis Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥33 Mil. Geovis Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-3 Mil. Geovis Technology Co's interest coverage for the quarter that ended in Mar. 2024 was 9.89. 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. Geovis Technology Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

SHSE:688568' s Interest Coverage Range Over the Past 10 Years
Min: 52.11 Med: 163.1 Max: No Debt
Current: 52.11

SHSE:688568's Interest Coverage is ranked better than
58.23% of 1609 companies
in the Software industry
Industry Median: 29.36 vs SHSE:688568: 52.11

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

Geovis Technology Co Interest Coverage Historical Data

The historical data trend for Geovis 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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Geovis Technology Co Interest Coverage Chart

Geovis Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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93.05

69.11

124.80

201.40

72.32

Geovis 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															78.01	55.21	48.31	100.10	9.89

Competitive Comparison of Geovis Technology Co's Interest Coverage

For the Software - Application subindustry, Geovis 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.

Geovis Technology Co's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Geovis Technology Co's Interest Coverage distribution charts can be found below:

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

Geovis 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.

Geovis 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, Geovis Technology Co's Interest Expense was ¥-7 Mil. Its Operating Income was ¥526 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥29 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	526.442	/	-7.279
	=	72.32

Geovis 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, Geovis Technology Co's Interest Expense was ¥-3 Mil. Its Operating Income was ¥33 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥49 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	32.563	/	-3.291
	=	9.89

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

Geovis Technology Co (SHSE:688568) 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 .

Geovis Technology Co Interest Coverage Related Terms

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

Geovis Technology Co (SHSE:688568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Geovis Technology Co Ltd (SHSE:688568) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 Airport East Road, Linkong Economic Core District, No. 1, 5 and 7 of No. 1A-4 Industrial Park, Shunyi District, Beijing, CHN, 101399

Website

http://www.geovis.com.cn

Geovis Technology Co Ltd is engaged in provision of digital earth products and technology development services. The technology of remote sensing, geographic information system, satellite positioning and navigation, virtual reality, and other independent research and development of the company digital earth products have a position in the domestic digital earth industry. The company provides software sales and data services, technology development services, digital earth integrated machines and system integration with GEOVIS digital earth products as the core for users in the government, enterprises and special fields.

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