China Railway Signalmmunication (HKSE:03969) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is China Railway Signalmmunication 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. China Railway Signalmmunication's Operating Income for the three months ended in Dec. 2023 was HK$1,459 Mil. China Railway Signalmmunication's Interest Expense for the three months ended in Dec. 2023 was HK$242 Mil. did not have earnings to cover the interest expense. 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. China Railway Signal & Communication Corp Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for China Railway Signalmmunication's Interest Coverage or its related term are showing as below:

HKSE:03969' s Interest Coverage Range Over the Past 10 Years
Min: 32.44 Med: 55.35 Max: 117.98
Current: 110.67

HKSE:03969's Interest Coverage is ranked better than
92.94% of 821 companies
in the Transportation industry
Industry Median: 5.43 vs HKSE:03969: 110.67

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

China Railway Signalmmunication Interest Coverage Historical Data

The historical data trend for China Railway Signalmmunication'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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China Railway Signalmmunication Interest Coverage Chart

China Railway Signalmmunication Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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37.04

106.71

42.89

43.83

59.94

China Railway Signalmmunication Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															-	N/A	3.78	-	544.00

Competitive Comparison of China Railway Signalmmunication's Interest Coverage

For the Railroads subindustry, China Railway Signalmmunication'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.

China Railway Signalmmunication's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, China Railway Signalmmunication's Interest Coverage distribution charts can be found below:

* The bar in red indicates where China Railway Signalmmunication's Interest Coverage falls into.

China Railway Signalmmunication 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.

China Railway Signalmmunication'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, China Railway Signalmmunication's Interest Expense was HK$-84 Mil. Its Operating Income was HK$5,028 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$3,341 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	5028.371	/	-83.89
	=	59.94

China Railway Signalmmunication's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, China Railway Signalmmunication's Interest Expense was HK$242 Mil. Its Operating Income was HK$1,459 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$3,341 Mil.

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

China Railway Signalmmunication (HKSE:03969) 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 .

China Railway Signalmmunication Interest Coverage Related Terms

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

China Railway Signalmmunication (HKSE:03969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Railway Signal & Communication Corp Ltd (HKSE:03969) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

CRYCY:USA 688009:China

Address

Automobile Museum South Road, CRSC Building, 1 Compound, Fengtai District, 20th Floor, Beijing, CHN, 100070

Website

http://www.crsc.cn

China Railway Signal & Communication Corp Ltd provides products and services on the entire industrial chain of rail transit control systems. The company's operating segments are the rail transportation control system segment which provides specialized three-in-one services of design and integration, equipment manufacturing, and system implementation services for rail transportation control systems, General project contracting segment engages in the provision of services relating to municipal and other construction projects, other segments mainly engage in trading. The firm generates a majority of its revenue from the rail transportation control system segment.

China Railway Signalmmunication (HKSE:03969) Headlines

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