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Angang Steel Co (SZSE:000898) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Angang Steel 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. Angang Steel Co's Operating Income for the three months ended in Mar. 2024 was ¥-1,632 Mil. Angang Steel Co's Interest Expense for the three months ended in Mar. 2024 was ¥-59 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 Angang Steel Co's Interest Coverage or its related term are showing as below:


SZSE:000898's Interest Coverage is not ranked *
in the Steel industry.
Industry Median: 5.62
* 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.


Angang Steel Co Interest Coverage Historical Data

The historical data trend for Angang Steel 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.

* Premium members only.

Angang Steel Co Interest Coverage Chart

Angang Steel Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.85 3.80 16.65 - -

Angang Steel 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Angang Steel Co's Interest Coverage

For the Steel subindustry, Angang Steel 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.


Angang Steel Co's Interest Coverage Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Angang Steel Co's Interest Coverage distribution charts can be found below:

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



Angang Steel 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.

Angang Steel 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, Angang Steel Co's Interest Expense was ¥-132 Mil. Its Operating Income was ¥-4,138 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥5,500 Mil.

Angang Steel Co did not have earnings to cover the interest expense.

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

Here, for the three months ended in Mar. 2024, Angang Steel Co's Interest Expense was ¥-59 Mil. Its Operating Income was ¥-1,632 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥5,669 Mil.

Angang Steel Co did not have earnings to cover the interest expense.

* 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.

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


Angang Steel Co  (SZSE:000898) 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 .


Angang Steel Co Interest Coverage Related Terms

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


Angang Steel Co (SZSE:000898) Business Description

Traded in Other Exchanges
Address
Production Area of Angang Steel, Tie Xi District, Liaoning Province, Anshan, CHN, 114021
Angang Steel Co Ltd is engaged in the steel rolling and processing industry. The Company is classified into an operating segment based on the type of business: production and sale of steel products. The Company's products have diversified structures and include hot rolled sheets, medium and thick plates, cold rolled sheets, color coating plates, heavy rails, seamless steel pipes and wire rods, and other products. These products are widely used in industries such as machinery, metallurgy, petroleum, chemical industry, coal, electric power, railway, shipbuilding, automobile, construction, home electrical appliances, and aviation. Geographically, the group derives a majority of its revenue from the China region.
Executives
Tian Yong Executives, directors
Zhang Hong Jun Executives, directors
Meng Jin Song Executives
Wang Bao Jun Executives, directors, directors
Wang Yi Dong Directors, executives
Zhang Xiao Gang Director
Liu Jie Executives
Zhang Li Fen Executives
Su Wen Sheng Supervisors
Ren Zi Ping Executives
Chen Ming Directors, executives
Yang Hua Director
Ma Lian Yong Executives
Dan Ming Yi Supervisors
Liu Bao Shan Executives

Angang Steel Co (SZSE:000898) Headlines

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