Shenzhen Magic Design & Decoration Engineering Co

Shenzhen Magic Design & Decoration Engineering Co Interest Coverage

The Interest Coverage Ratio of Shenzhen Magic Design & Decoration Engineering Co (002856.SZ) as of Oct 28, 2026 is -7.56. In the previous year, Interest Coverage Ratio was -7.07 — a change of 6.96% (lower).

Interest Coverage

-7.56

YoY

6.96%

Last updated:

Interest Coverage Ratio of Shenzhen Magic Design & Decoration Engineering Co is 2024 -7.56 . Interest Coverage Ratio of Shenzhen Magic Design & Decoration Engineering Co was 2023 -7.07 . It decreases by 6.96% lower compared to the previous year.

The Shenzhen Magic Design & Decoration Engineering Co Interest Coverage history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Interest Coverage
Date
Interest Coverage
Jan 1, 2017
33.79 CNY
Jan 1, 2018
18.44 CNY
Jan 1, 2019
-2.93 CNY
Jan 1, 2020
2.10 CNY
Jan 1, 2021
-15.60 CNY
Jan 1, 2022
-7.19 CNY
Jan 1, 2023
-7.07 CNY
Jan 1, 2024
-7.56 CNY
The Shenzhen Magic Design & Decoration Engineering Co Interest Coverage history
YEARInterest CoverageYoY
-7.56+6.96%
-7.07-1.69%
-7.19-53.91%
-15.60-841.57%
2.10-171.87%
-2.93-115.87%
18.44-45.41%
33.79+259.52%
9.40+36.77%
6.87-30.87%
9.94—

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Shenzhen Magic Design & Decoration Engineering Co Stock analysis

What does Shenzhen Magic Design & Decoration Engineering Co do? Shenzhen Magic Design & Decoration Engineering Co Ltd is a company based in Shenzhen, China, operating within the Industrials sector, specifically in the Construction industry. The company has 662 employees and went public on March 20, 2017, with its ticker listed as 002856.SZ. Its website is https://www.szmeizhi.com/. The company provides urban architectural construction services. It is headquartered in Shenzhen, Guangdong, and primarily serves the domestic market. The company's operations include the development, investment, and operation of wind and solar energy projects, though this detail appears inconsistent with its stated focus on construction services. The source description provided contains conflicting information regarding the company's primary business activities, as it mentions both construction services and energy development. However, based on the factual details provided, the company is primarily engaged in urban architectural construction. The company's market presence is confined to China, and it has no reported international operations. Its IPO date and employee count are confirmed as of the available data. The company's website serves as the primary source for further information about its services and projects. The source description's mention of wind and solar energy development may be an error, as the company's core business is construction-related. The company's financial data and operational details are not provided beyond the IPO date, employee count, and website address. Shenzhen Magic Design & Decoration Engineering Co is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Shenzhen Magic Design & Decoration Engineering Co stock

Interest Coverage Ratio of Shenzhen Magic Design & Decoration Engineering Co is -7.56 in 2024.

Interest Coverage Ratio of Shenzhen Magic Design & Decoration Engineering Co changed from -7.07 to -7.56, representing a 6.96% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Interest Coverage Ratio Shenzhen Magic Design & Decoration Engineering 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 Shenzhen Magic Design & Decoration Engineering Co with sector peers and the industry average to assess whether it is attractive.

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Leverage — Shenzhen Magic Design & Decoration Engineering Co

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