YTO Express Group Co (SHSE:600233) Interest Coverage : 49.02 (As of Mar. 2024)

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What is YTO Express Group 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. YTO Express Group Co's Operating Income for the three months ended in Mar. 2024 was ¥1,263 Mil. YTO Express Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-26 Mil. YTO Express Group Co's interest coverage for the quarter that ended in Mar. 2024 was 49.02. The higher the ratio, the stronger the company's financial strength is.

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

SHSE:600233' s Interest Coverage Range Over the Past 10 Years
Min: 16.81 Med: 63.65 Max: 3193.63
Current: 57.73

SHSE:600233's Interest Coverage is ranked better than
90.07% of 816 companies
in the Transportation industry
Industry Median: 5.485 vs SHSE:600233: 57.73

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

YTO Express Group Co Interest Coverage Historical Data

The historical data trend for YTO Express Group 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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YTO Express Group Co Interest Coverage Chart

YTO Express Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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16.81

36.19

22.18

38.34

58.30

YTO Express Group 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															50.27	80.40	57.76	52.60	49.02

Competitive Comparison of YTO Express Group Co's Interest Coverage

For the Integrated Freight & Logistics subindustry, YTO Express Group 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.

YTO Express Group Co's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, YTO Express Group Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where YTO Express Group Co's Interest Coverage falls into.

YTO Express Group 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.

YTO Express Group 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, YTO Express Group Co's Interest Expense was ¥-80 Mil. Its Operating Income was ¥4,688 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥1,128 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	4688.231	/	-80.413
	=	58.30

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

Here, for the three months ended in Mar. 2024, YTO Express Group Co's Interest Expense was ¥-26 Mil. Its Operating Income was ¥1,263 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥1,373 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1263.305	/	-25.769
	=	49.02

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

YTO Express Group Co (SHSE:600233) 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 .

YTO Express Group Co Interest Coverage Related Terms

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

YTO Express Group Co (SHSE:600233) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » YTO Express Group Co Ltd (SHSE:600233) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xu Highway 3029, Huaxin Town, Qingpu District, Shanghai, CHN, 201705

Website

http://www.yto.net.cn

YTO Express is one of the Tongda Operators—the top four national express delivery companies that use the network partner model. In this model, Tongdas provide line-haul transportation, sorting, and waybill services to their network partners for fees, while their local network partners provide first-mile pickup and last-mile delivery services under the Tongdas' brands and collect customer payments. The company was founded by Yu Huijiao in 2020. Yu remains chair and president with a 33.22% stake as of Sept. 30, 2023. Yu and Zhang Xiao Juan, who owned 2.15% of YTO as of that date, are persons acting in concert. YTO's strategic shareholder is leading China e-commerce company Alibaba Group and its affiliated companies, with around a 20.65% interest as of Dec. 2, 2023.

YTO Express Group Co (SHSE:600233) Headlines

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