Shanghai Research Institute of Building Sciences Group Co (SHSE:603153) Interest Coverage : 27.53 (As of Mar. 2024)

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What is Shanghai Research Institute of Building Sciences 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. Shanghai Research Institute of Building Sciences Group Co's Operating Income for the three months ended in Mar. 2024 was ¥16 Mil. Shanghai Research Institute of Building Sciences Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-1 Mil. Shanghai Research Institute of Building Sciences Group Co's interest coverage for the quarter that ended in Mar. 2024 was 27.53. 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. Shanghai Research Institute of Building Sciences Group Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Shanghai Research Institute of Building Sciences Group Co's Interest Coverage or its related term are showing as below:

SHSE:603153' s Interest Coverage Range Over the Past 10 Years
Min: 131.91 Med: 223.6 Max: 1935.7
Current: 153.67

SHSE:603153's Interest Coverage is ranked better than
89.14% of 1262 companies
in the Construction industry
Industry Median: 7.095 vs SHSE:603153: 153.67

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

Shanghai Research Institute of Building Sciences Group Co Interest Coverage Historical Data

The historical data trend for Shanghai Research Institute of Building Sciences 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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Shanghai Research Institute of Building Sciences Group Co Interest Coverage Chart

Shanghai Research Institute of Building Sciences Group Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

1,061.60

1,935.70

204.19

131.91

149.02

Shanghai Research Institute of Building Sciences Group Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial									34.76	144.23	105.51	264.48	27.53

Competitive Comparison of Shanghai Research Institute of Building Sciences Group Co's Interest Coverage

For the Engineering & Construction subindustry, Shanghai Research Institute of Building Sciences 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.

Shanghai Research Institute of Building Sciences Group Co's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shanghai Research Institute of Building Sciences Group Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shanghai Research Institute of Building Sciences Group Co's Interest Coverage falls into.

Shanghai Research Institute of Building Sciences 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.

Shanghai Research Institute of Building Sciences 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, Shanghai Research Institute of Building Sciences Group Co's Interest Expense was ¥-3 Mil. Its Operating Income was ¥447 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥38 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	446.919	/	-2.999
	=	149.02

Shanghai Research Institute of Building Sciences 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, Shanghai Research Institute of Building Sciences Group Co's Interest Expense was ¥-1 Mil. Its Operating Income was ¥16 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥36 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	16.103	/	-0.585
	=	27.53

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

Shanghai Research Institute of Building Sciences Group Co (SHSE:603153) 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 .

Shanghai Research Institute of Building Sciences Group Co Interest Coverage Related Terms

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Shanghai Research Institute of Building Sciences Group Co (SHSE:603153) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shanghai Research Institute of Building Sciences Group Co Ltd (SHSE:603153) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

No. 75, Wanping South Road, Xuhui, Shanghai, CHN, 200032

Website

https://www.sribs.com

Shanghai Research Institute of Building Sciences Group Co Ltd is engaged in providing services of engineering consulting, testing and design in building, transportation and the environment. The company is undertaking generic technologies research and development in building, transportation and the environment. SRIBS operates a State Enterprise Research & Development Center, two state engineering test centers, over eight ministry-level R&D platforms, and several standardization committees and service platforms as well. The services of the company include Engineering Consulting, Engineering services, Construction, and Smart manufacturing. The company's Project portfolio includes the Shanghai center tower, the nine-star city, the Pudong football stadium, and others.

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