Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Interest Coverage : 12.47 (As of Mar. 2024)

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What is Asia-Potash International Investment (Guangzhou) 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. Asia-Potash International Investment (Guangzhou) Co's Operating Income for the three months ended in Mar. 2024 was ¥89 Mil. Asia-Potash International Investment (Guangzhou) Co's Interest Expense for the three months ended in Mar. 2024 was ¥-7 Mil. Asia-Potash International Investment (Guangzhou) Co's interest coverage for the quarter that ended in Mar. 2024 was 12.47. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Asia-Potash International Investment (Guangzhou) Co's Interest Coverage or its related term are showing as below:

SZSE:000893' s Interest Coverage Range Over the Past 10 Years
Min: 8.83 Med: 262.44 Max: 601.66
Current: 65.92

SZSE:000893's Interest Coverage is ranked better than
85.96% of 178 companies
in the Agriculture industry
Industry Median: 6.67 vs SZSE:000893: 65.92

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

Asia-Potash International Investment (Guangzhou) Co Interest Coverage Historical Data

The historical data trend for Asia-Potash International Investment (Guangzhou) 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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Asia-Potash International Investment (Guangzhou) Co Interest Coverage Chart

Asia-Potash International Investment (Guangzhou) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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398.88

262.44

326.15

601.66

134.85

Asia-Potash International Investment (Guangzhou) 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															877.76	175.14	74.06	80.58	12.47

Competitive Comparison of Asia-Potash International Investment (Guangzhou) Co's Interest Coverage

For the Agricultural Inputs subindustry, Asia-Potash International Investment (Guangzhou) 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.

Asia-Potash International Investment (Guangzhou) Co's Interest Coverage Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Asia-Potash International Investment (Guangzhou) Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Asia-Potash International Investment (Guangzhou) Co's Interest Coverage falls into.

Asia-Potash International Investment (Guangzhou) 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.

Asia-Potash International Investment (Guangzhou) 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, Asia-Potash International Investment (Guangzhou) Co's Interest Expense was ¥-11 Mil. Its Operating Income was ¥1,489 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥576 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1489.03	/	-11.042
	=	134.85

Asia-Potash International Investment (Guangzhou) Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Asia-Potash International Investment (Guangzhou) Co's Interest Expense was ¥-7 Mil. Its Operating Income was ¥89 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥1,380 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	89.156	/	-7.149
	=	12.47

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

Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) 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 .

Asia-Potash International Investment (Guangzhou) Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Asia-Potash International Investment (Guangzhou) Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Asia-Potash International Investment (Guangzhou) Co Ltd (SZSE:000893) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1166 Xin Gang East Road, 19th Floor, South Tower, International Commerce Place, Guangzhou, CHN, 510330

Website

http://www.dongling.cn

Asia-Potash International Investment (Guangzhou) Co Ltd, formerly Donlinks International Investment Co Ltd is primarily involved in the grain trading activities. It trades in corns, sorghums, feeds barleys, DDGs, and others. Further, it is also engaged in the business of overseas dry bulk carriers such as coal and iron ore and provides logistics solution. The business activities are carried out through China.

Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Headlines

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