Chien Shing Harbour Service Co (TPE:8367) Interest Coverage : 2.61 (As of Mar. 2024)

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What is Chien Shing Harbour Service 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. Chien Shing Harbour Service Co's Operating Income for the three months ended in Mar. 2024 was NT$103 Mil. Chien Shing Harbour Service Co's Interest Expense for the three months ended in Mar. 2024 was NT$-39 Mil. Chien Shing Harbour Service Co's interest coverage for the quarter that ended in Mar. 2024 was 2.61. 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. Chien Shing Harbour Service Co Ltd interest coverage is 3.51, which is low.

The historical rank and industry rank for Chien Shing Harbour Service Co's Interest Coverage or its related term are showing as below:

TPE:8367' s Interest Coverage Range Over the Past 10 Years
Min: 3.51 Med: 4.57 Max: 7.03
Current: 3.51

TPE:8367's Interest Coverage is ranked worse than
64.26% of 817 companies
in the Transportation industry
Industry Median: 5.41 vs TPE:8367: 3.51

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

Chien Shing Harbour Service Co Interest Coverage Historical Data

The historical data trend for Chien Shing Harbour Service 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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Chien Shing Harbour Service Co Interest Coverage Chart

Chien Shing Harbour Service Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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4.61

4.00

7.03

6.69

3.84

Chien Shing Harbour Service 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															3.42	3.38	4.11	4.29	2.61

Competitive Comparison of Chien Shing Harbour Service Co's Interest Coverage

For the Marine Shipping subindustry, Chien Shing Harbour Service 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.

Chien Shing Harbour Service Co's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Chien Shing Harbour Service Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Chien Shing Harbour Service Co's Interest Coverage falls into.

Chien Shing Harbour Service 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.

Chien Shing Harbour Service 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, Chien Shing Harbour Service Co's Interest Expense was NT$-99 Mil. Its Operating Income was NT$380 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$9,535 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	379.844	/	-98.881
	=	3.84

Chien Shing Harbour Service Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Chien Shing Harbour Service Co's Interest Expense was NT$-39 Mil. Its Operating Income was NT$103 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$9,457 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	102.721	/	-39.337
	=	2.61

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

Chien Shing Harbour Service Co (TPE:8367) 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 .

Chien Shing Harbour Service Co Interest Coverage Related Terms

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

Chien Shing Harbour Service Co (TPE:8367) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chien Shing Harbour Service Co Ltd (TPE:8367) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

No. 150, Section 9, Taiwan Avenue, Wuqi District, Taichung, TWN, 435

Website

https://www.chienshing.com.tw

Chien Shing Harbour Service Co Ltd is a Taiwan-based shipping company. Its main business activities include warehousing service, operation of gas stations, sale of gasoline and diesel, operation of convenience stores, automobile cargo transportation, automobile container transport, container leasing, operation of the container terminal, customs brokerage, and vessel stevedoring service. The group has four operating segments - The warehousing segment, the Customs brokerage department, the Transportation segment and the Vessel stevedoring segment. The majority is from the vessel stevedoring segment, which is responsible for stevedoring of break bulk cargo for businesses and shipping companies locally and abroad.

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