China International Marine Containers (Group) Co (SZSE:000039) Interest Coverage : 1.64 (As of Mar. 2024)

View and export this data going back to 1994. Start your Free Trial

What is China International Marine Containers (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. China International Marine Containers (Group) Co's Operating Income for the three months ended in Mar. 2024 was ¥844 Mil. China International Marine Containers (Group) Co's Interest Expense for the three months ended in Mar. 2024 was ¥-514 Mil. China International Marine Containers (Group) Co's interest coverage for the quarter that ended in Mar. 2024 was 1.64. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for China International Marine Containers (Group) Co's Interest Coverage or its related term are showing as below:

SZSE:000039's Interest Coverage is not ranked ^*
in the Industrial Products industry.
Industry Median: 13.765
* 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.

China International Marine Containers (Group) Co Interest Coverage Historical Data

The historical data trend for China International Marine Containers (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.

* Premium members only.

China International Marine Containers (Group) Co Interest Coverage Chart

China International Marine Containers (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

651.38

474.95

China International Marine Containers (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															2.72	-	4.10	-	1.64

Competitive Comparison of China International Marine Containers (Group) Co's Interest Coverage

For the Metal Fabrication subindustry, China International Marine Containers (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.

China International Marine Containers (Group) Co's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China International Marine Containers (Group) Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where China International Marine Containers (Group) Co's Interest Coverage falls into.

China International Marine Containers (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.

China International Marine Containers (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, China International Marine Containers (Group) Co's Interest Expense was ¥44 Mil. Its Operating Income was ¥5,932 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥16,305 Mil.

China International Marine Containers (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, China International Marine Containers (Group) Co's Interest Expense was ¥-514 Mil. Its Operating Income was ¥844 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥22,883 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	843.648	/	-514.074
	=	1.64

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

China International Marine Containers (Group) Co (SZSE:000039) 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 International Marine Containers (Group) Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of China International Marine Containers (Group) Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

China International Marine Containers (Group) Co (SZSE:000039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China International Marine Containers (Group) Co Ltd (SZSE:000039) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

02039:Hong Kong OCM:Germany

Address

CIMC R&D Centre, 2 Gangwan Avenue, 8th Floor, Shekou, Nanshan Distritct, Guangdong, Shenzhen, CHN, 518067

Website

https://www.cimc.com

China International Marine Containers (Group) Co Ltd is one of China's manufacturers of road transportation vehicles and high-end offshore engineering equipment. It provides a range of containers, trucks, chemical and food equipment, energy products, and airport structures. In addition, the company offers services related to design, engineering, transportation, and energy distribution. The group offers various standard and specialty containers to account for different conditions and take advantage of mass production capabilities. Technical and maintenance services boost revenue and increase contact with customers to gain feedback and observe industry conditions. The company has a world wide distribution network, but the majority of sales derive from Asia.

China International Marine Containers (Group) Co (SZSE:000039) Headlines

No Headlines