Xingye Leather Technology Co

Xingye Leather Technology Co Interest Coverage

The Interest Coverage Ratio of Xingye Leather Technology Co (002674.SZ) as of Nov 3, 2026 is 16.61. In the previous year, Interest Coverage Ratio was 15.36 — a change of 8.14% (higher).

Interest Coverage

16.61

YoY

8.14%

Last updated:

Interest Coverage Ratio of Xingye Leather Technology Co is 2024 16.61 . Interest Coverage Ratio of Xingye Leather Technology Co was 2023 15.36 . It decreases by 8.14% higher compared to the previous year.

The Xingye Leather Technology Co Interest Coverage history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Interest Coverage
Date
Interest Coverage
Jan 1, 2017
4.23 CNY
Jan 1, 2018
4.85 CNY
Jan 1, 2019
3.98 CNY
Jan 1, 2020
11.21 CNY
Jan 1, 2021
18.81 CNY
Jan 1, 2022
74.89 CNY
Jan 1, 2023
15.36 CNY
Jan 1, 2024
16.61 CNY
The Xingye Leather Technology Co Interest Coverage history
YEARInterest CoverageYoY
16.61+8.14%
15.36-79.49%
74.89+298.16%
18.81+67.71%
11.21+181.79%
3.98-17.90%
4.85+14.73%
4.23-12.11%
4.81-3,366.03%
-0.15-100.36%
41.45—

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Xingye Leather Technology Co Stock analysis

What does Xingye Leather Technology Co do? Xingye Leather Technology Co., Ltd. generates revenue through the development, manufacturing, and sale of leather materials, primarily focusing on bullhead upper leather. The company serves domestic markets, with Zhejiang Province and Guangdong Province as its key sales regions. Its products are used in the production of shoes, bags, and leather goods, targeting manufacturers within these segments. The firm employs 3,199 full-time staff to support its operations and production processes. The company's business model centers around supplying specialized leather materials to domestic manufacturers who produce footwear, accessories, and other leather-based products. By concentrating on bullhead upper leather, a specific type of material, Xingye differentiates itself in the market. The firm's domestic focus ensures strong regional market penetration, particularly in Zhejiang and Guangdong, where the demand for such materials is highest. Xingye Leather Technology's revenue streams are derived from direct sales of its leather products to manufacturers in the shoe, bag, and leather goods industries. The company's operational base in Quanzhou, Fujian, supports its production and distribution within China's domestic market, with no mention of international sales or additional product lines beyond bullhead upper leather. Xingye Leather Technology Co is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Xingye Leather Technology Co stock

Interest Coverage Ratio of Xingye Leather Technology Co is 16.61 in 2024.

Interest Coverage Ratio of Xingye Leather Technology Co changed from 15.36 to 16.61, representing a 8.14% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Interest Coverage Ratio Xingye Leather Technology 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 Xingye Leather Technology Co with sector peers and the industry average to assess whether it is attractive.

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Leverage — Xingye Leather Technology Co

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