Paranovus Entertainment Technology Ltd.

NasdaqCM PAVS

Paranovus Entertainment Technology Ltd. Interest Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2024: -661.36

Paranovus Entertainment Technology Ltd. Interest Coverage Ratio is -661.36 for the Trailing 12 Months (TTM) ending March 31, 2024, a 32.59% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.
  • Paranovus Entertainment Technology Ltd. Interest Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was -981.04, a -3.58% change year over year.
  • Paranovus Entertainment Technology Ltd. Interest Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was -947.15, a -4,292.03% change year over year.
  • Paranovus Entertainment Technology Ltd. Interest Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 22.59, a -90.50% change year over year.
  • Paranovus Entertainment Technology Ltd. Interest Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was 237.85.
Key data
Date Interest Coverage Ratio Debt to Equity Ratio Interest Expense To Sales Inventory Turnover Ratio
Market news
SV Wall Street
NasdaqCM: PAVS

Paranovus Entertainment Technology Ltd.

CEO Ms. Xiaoyue Zhang
IPO Date Oct. 25, 2019
Location China
Headquarters No. 11, Dongjiao East Road
Employees 11
Sector Health Care
Industries
Pharmaceuticals Consumer Packaged Goods Cosmetics
Description

Paranovus Entertainment Technology Ltd. engages in the research, development, manufacture, and sale of nutraceutical and dietary supplement products in the People's Republic of China and internationally. The company's product category includes lucidum spore powders, cordyceps mycelia, Ejiao products, American ginseng products, other traditional Chinese herbal and animal extracts, vitamins, minerals, and amino acids. It also offers product marketing and e-commerce agency operation services under the Happy Buy platform to small and middle size businesses; and e-commerce solutions, internet information, and advertising services to the online stores or manufactures. In addition, the company provides secure transaction environment, automobile procurement, and financial services for automobile manufacturers under the Taochejun automobile sales platform. It sells its products through distributors, large-scale chain drugstores, malls, and supermarkets under the Happiness brand. The company was formerly known as Happiness Development Group Limited and changed its name to Paranovus Entertainment Technology Ltd. in March 2023. Paranovus Entertainment Technology Ltd. was founded in 2004 and is headquartered in Nanping, the People's Republic of China.

StockViz Staff

February 7, 2025

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