Mingxin New Material Co

Mingxin New Material Co Interest Coverage

The Interest Coverage Ratio of Mingxin New Material Co (605068.SS) as of Nov 3, 2026 is -3.22. In the previous year, Interest Coverage Ratio was 2.46 — a change of -230.83% (lower).

Interest Coverage

-3.22

YoY

-230.83%

Last updated:

Interest Coverage Ratio of Mingxin New Material Co is 2024 -3.22 . Interest Coverage Ratio of Mingxin New Material Co was 2023 2.46 . It decreases by -230.83% lower compared to the previous year.

The Mingxin New Material Co Interest Coverage history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Interest Coverage
Date
Interest Coverage
Jan 1, 2017
19.34 CNY
Jan 1, 2018
12.90 CNY
Jan 1, 2019
38.58 CNY
Jan 1, 2020
46.50 CNY
Jan 1, 2021
9.47 CNY
Jan 1, 2022
80.61 CNY
Jan 1, 2023
2.46 CNY
Jan 1, 2024
-3.22 CNY
The Mingxin New Material Co Interest Coverage history
YEARInterest CoverageYoY
-3.22-230.83%
2.46-96.95%
80.61+750.81%
9.47-79.62%
46.50+20.52%
38.58+199.19%
12.90-33.33%
19.34—

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Mingxin New Material Co Stock analysis

What does Mingxin New Material Co do? Mingxin New Material Co Ltd generates revenue through the research, development, production, and sales of new automotive interior materials including genuine leather, suede, and microfiber leather. These products are primarily sold to automotive manufacturers for use in seats, armrests, headrests, steering wheels, instrument panels, door panels, and headliners. The company also offers water-based resins and water-based adhesives as part of its product portfolio. All products are sold within the domestic Chinese market, targeting automotive industry clients who require interior materials for vehicle manufacturing. The company's core business focuses on supplying automotive interior materials to domestic manufacturers, with no mention of international markets or additional product lines beyond those specified. Revenue streams are derived from the sale of leather alternatives and chemical products used in automotive assembly, serving the domestic automotive industry segment. There are no references to external partnerships or international sales channels in the business description. Mingxin New Material Co is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Mingxin New Material Co stock

Interest Coverage Ratio of Mingxin New Material Co is -3.22 in 2024.

Interest Coverage Ratio of Mingxin New Material Co changed from 2.46 to -3.22, representing a -230.83% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Interest Coverage Ratio Mingxin New Material Co since 2006 – with annual values, charts, and detailed analysis.

The Interest Coverage ratio measures a company's ability to pay interest on its debt. Higher ratios indicate greater financial strength and lower default risk.

Interest Coverage = EBIT / Interest Expense

A 'good' varies by industry and company stage. On Eulerpool, you can compare Interest Coverage Ratio's Mingxin New Material Co with sector peers and the industry average to assess whether it is attractive.

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Leverage — Mingxin New Material Co

Debt-to-EquityNet Debt / EBITDAInterest CoverageCurrent RatioQuick RatioCash RatioDebt / AssetsFinancial LeverageEquity RatioLT Debt/EquityNet Debt/EquityDebt/EBITDADSCRFinancial Debt RatioOCF/DebtFCF/DebtNet Debt/FCFDebt/Market Cap

All Key Metrics — Mingxin New Material Co