GURUFOCUS.COM » STOCK LIST » Technology » Hardware » JNTC Co Ltd (XKRX:204270) » Definitions » Interest Coverage

JNTC Co (XKRX:204270) Interest Coverage : 16.37 (As of Mar. 2024)


View and export this data going back to 2020. Start your Free Trial

What is JNTC 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. JNTC Co's Operating Income for the three months ended in Mar. 2024 was ₩31,758 Mil. JNTC Co's Interest Expense for the three months ended in Mar. 2024 was ₩-1,940 Mil. JNTC Co's interest coverage for the quarter that ended in Mar. 2024 was 16.37. The higher the ratio, the stronger the company's financial strength is.

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

XKRX:204270' s Interest Coverage Range Over the Past 10 Years
Min: 2.31   Med: 5.62   Max: 57.72
Current: 5.42


XKRX:204270's Interest Coverage is ranked worse than
69.96% of 1588 companies
in the Hardware industry
Industry Median: 12.765 vs XKRX:204270: 5.42

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


JNTC Co Interest Coverage Historical Data

The historical data trend for JNTC 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.

JNTC Co Interest Coverage Chart

JNTC Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.72 46.78 - - 2.61

JNTC 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.04 1.80 9.04 1.13 16.37

Competitive Comparison of JNTC Co's Interest Coverage

For the Electronic Components subindustry, JNTC 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.


JNTC Co's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, JNTC Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where JNTC Co's Interest Coverage falls into.



JNTC 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.

JNTC 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, JNTC Co's Interest Expense was ₩-10,925 Mil. Its Operating Income was ₩28,539 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩12,265 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*28538.516/-10924.673
=2.61

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

Here, for the three months ended in Mar. 2024, JNTC Co's Interest Expense was ₩-1,940 Mil. Its Operating Income was ₩31,758 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩9,698 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*31758.16/-1940.047
=16.37

* 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.

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


JNTC Co  (XKRX:204270) 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 .


JNTC Co Interest Coverage Related Terms

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


JNTC Co (XKRX:204270) Business Description

Traded in Other Exchanges
N/A
Address
No 81-9 Gunae-gil, Jeongnam-myeon, Gyeonggi-do, Hwasung-si, KOR, 445-965
JNTC Co Ltd is a manufacturer of connectors and tempered glass. The company's product portfolio under Connectors consists of USB (Receptacle), USB (Plug), Card Socket Connector (SIM&SD), Camera Socket, Battery, RF Switch, Antenna Contact, and EAR jack Socket. Its Tempered Glass product portfolio consists of Mobile for 3D Window, Automotive for Window, and Camera for Window.

JNTC Co (XKRX:204270) Headlines

No Headlines