Apex Dynamics (TPE:4583) Interest Coverage : 158.69 (As of Mar. 2024)

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What is Apex Dynamics 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. Apex Dynamics's Operating Income for the three months ended in Mar. 2024 was NT$244 Mil. Apex Dynamics's Interest Expense for the three months ended in Mar. 2024 was NT$-2 Mil. Apex Dynamics's interest coverage for the quarter that ended in Mar. 2024 was 158.69. 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. Apex Dynamics Inc has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Apex Dynamics's Interest Coverage or its related term are showing as below:

TPE:4583' s Interest Coverage Range Over the Past 10 Years
Min: 55.2 Med: 88.71 Max: 148.1
Current: 148.1

TPE:4583's Interest Coverage is ranked better than
84.63% of 2297 companies
in the Industrial Products industry
Industry Median: 13.68 vs TPE:4583: 148.10

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

Apex Dynamics Interest Coverage Historical Data

The historical data trend for Apex Dynamics'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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Apex Dynamics Interest Coverage Chart

Apex Dynamics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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118.75

88.71

55.20

103.89

140.84

Apex Dynamics Quarterly Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															129.28	152.04	133.44	148.74	158.69

Competitive Comparison of Apex Dynamics's Interest Coverage

For the Specialty Industrial Machinery subindustry, Apex Dynamics'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.

Apex Dynamics's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Apex Dynamics's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Apex Dynamics's Interest Coverage falls into.

Apex Dynamics 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.

Apex Dynamics'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, Apex Dynamics's Interest Expense was NT$-6 Mil. Its Operating Income was NT$906 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$547 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	905.765	/	-6.431
	=	140.84

Apex Dynamics's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Apex Dynamics's Interest Expense was NT$-2 Mil. Its Operating Income was NT$244 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$526 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	243.747	/	-1.536
	=	158.69

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

Apex Dynamics (TPE:4583) 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 .

Apex Dynamics Interest Coverage Related Terms

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

Apex Dynamics (TPE:4583) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Apex Dynamics Inc (TPE:4583) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.10, Keyuan 3rd Road, Situn District, Taichung, TWN, 40763

Website

https://www.apexdyna.com

Apex Dynamics Inc is involved in the production and sales of machinery equipment. It offers various equipment such as a gearbox, rack and pinion, smart lubrication equipment, traversing robots, turrets, and other equipment. The company has two reportable business departments. The precision machinery segment is engaged in the production and sales of precision reducers and automatic control equipment manufacturing. The Hotel and Restaurant Service includes catering service which is engaged in hotel housing service and catering business. The majority is from the Precision Machinery segment. Geographically, the majority is derived from Asia.

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