Hangzhou Anysoft Information Technology Co (SZSE:300571) Interest Coverage : 1.44 (As of Mar. 2024)

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What is Hangzhou Anysoft Information Technology 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. Hangzhou Anysoft Information Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥17 Mil. Hangzhou Anysoft Information Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-12 Mil. Hangzhou Anysoft Information Technology Co's interest coverage for the quarter that ended in Mar. 2024 was 1.44. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Hangzhou Anysoft Information Technology Co's Interest Coverage or its related term are showing as below:

SZSE:300571' s Interest Coverage Range Over the Past 10 Years
Min: 2.04 Med: 24.21 Max: 194.7
Current: 2.04

SZSE:300571's Interest Coverage is ranked worse than
89.58% of 1602 companies
in the Software industry
Industry Median: 29.35 vs SZSE:300571: 2.04

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

Hangzhou Anysoft Information Technology Co Interest Coverage Historical Data

The historical data trend for Hangzhou Anysoft Information Technology 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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Hangzhou Anysoft Information Technology Co Interest Coverage Chart

Hangzhou Anysoft Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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12.22

9.52

7.40

3.48

2.05

Hangzhou Anysoft Information Technology 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															1.53	1.66	0.98	4.37	1.44

Competitive Comparison of Hangzhou Anysoft Information Technology Co's Interest Coverage

For the Software - Application subindustry, Hangzhou Anysoft Information Technology 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.

Hangzhou Anysoft Information Technology Co's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Hangzhou Anysoft Information Technology Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Hangzhou Anysoft Information Technology Co's Interest Coverage falls into.

Hangzhou Anysoft Information Technology 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.

Hangzhou Anysoft Information Technology 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, Hangzhou Anysoft Information Technology Co's Interest Expense was ¥-50 Mil. Its Operating Income was ¥102 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥218 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	102.119	/	-49.859
	=	2.05

Hangzhou Anysoft Information Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Hangzhou Anysoft Information Technology Co's Interest Expense was ¥-12 Mil. Its Operating Income was ¥17 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥318 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	17.177	/	-11.898
	=	1.44

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

Hangzhou Anysoft Information Technology Co (SZSE:300571) 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 .

Hangzhou Anysoft Information Technology Co Interest Coverage Related Terms

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Hangzhou Anysoft Information Technology Co (SZSE:300571) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hangzhou Anysoft Information Technology Co Ltd (SZSE:300571) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

North of 11th Floor, Building 2, Xixi Century Center, Xihu District, Hangzhou, CHN

Website

http://www.anysoft.cn

Hangzhou Anysoft Information Technology Co Ltd is mainly engaged in the design and development of mobile reading platforms. The company is organized into three business divisions: mobile reading service, information business, and other value-added telecommunications services. Its mobile reading service division provides a full range of reading services through its own reading platform, third-party platform and telecom operators' reading platform; information business division provides users with professional magazines and industries through mobile newspapers and self-media push; other value-added telecommunications services mainly includes music, video, games, animation and other content.

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