Shandong Gold Mining Co (SHSE:600547) Interest Coverage : 4.38 (As of Mar. 2024)

View and export this data going back to 2003. Start your Free Trial

What is Shandong Gold Mining 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. Shandong Gold Mining Co's Operating Income for the three months ended in Mar. 2024 was ¥1,745 Mil. Shandong Gold Mining Co's Interest Expense for the three months ended in Mar. 2024 was ¥-398 Mil. Shandong Gold Mining Co's interest coverage for the quarter that ended in Mar. 2024 was 4.38. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Shandong Gold Mining Co Ltd interest coverage is 3.88, which is low.

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

SHSE:600547' s Interest Coverage Range Over the Past 10 Years
Min: 3.19 Med: 3.61 Max: 5.94
Current: 3.88

SHSE:600547's Interest Coverage is ranked worse than
89% of 1345 companies
in the Metals & Mining industry
Industry Median: No Debt vs SHSE:600547: 3.88

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

Shandong Gold Mining Co Interest Coverage Historical Data

The historical data trend for Shandong Gold Mining 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.

Shandong Gold Mining Co Interest Coverage Chart

Shandong Gold Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

3.51

5.46

3.24

3.56

Shandong Gold Mining 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															3.00	3.05	2.82	5.17	4.38

Competitive Comparison of Shandong Gold Mining Co's Interest Coverage

For the Gold subindustry, Shandong Gold Mining 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.

Shandong Gold Mining Co's Interest Coverage Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Shandong Gold Mining Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shandong Gold Mining Co's Interest Coverage falls into.

Shandong Gold Mining 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.

Shandong Gold Mining 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, Shandong Gold Mining Co's Interest Expense was ¥-1,568 Mil. Its Operating Income was ¥5,591 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥23,320 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	5590.546	/	-1568.275
	=	3.56

Shandong Gold Mining Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Shandong Gold Mining Co's Interest Expense was ¥-398 Mil. Its Operating Income was ¥1,745 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥26,364 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1745.415	/	-398.103
	=	4.38

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

Shandong Gold Mining Co (SHSE:600547) 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 .

Shandong Gold Mining Co Interest Coverage Related Terms

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

Shandong Gold Mining Co (SHSE:600547) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shandong Gold Mining Co Ltd (SHSE:600547) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

01787:Hong Kong 188H:Germany

Address

No. 2503 Jingshi Road, Licheng District, Shandong Province, Jinan, CHN, 250107

Website

http://www.sdhjgf.com.cn

Shandong Gold Mining Co Ltd is a China-based company engaged in the exploration, mining, and smelting of gold mines. It is also engaged in the purification, processing, manufacturing, and distribution of precious metal, nonferrous metal products, and gold jewelry. The operating segments of the company are Gold Mining, Gold Refining, and Investment Management. It derives key revenue from the Gold Refining segment which involves the production and sales of gold. The group operates in the PRC and Outside PRC, of which most of the revenue is from the PRC.

Shandong Gold Mining Co (SHSE:600547) Headlines

No Headlines