Chengdu Zhonghuan Flow Controls Mfg Co (BJSE:836260) Interest Expense : ¥-0.7 Mil (TTM As of Mar. 2024)

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What is Chengdu Zhonghuan Flow Controls Mfg Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chengdu Zhonghuan Flow Controls Mfg Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-0.7 Mil.

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. Chengdu Zhonghuan Flow Controls Mfg Co's Operating Income for the three months ended in Mar. 2024 was ¥ 6.8 Mil. Chengdu Zhonghuan Flow Controls Mfg Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.1 Mil. Chengdu Zhonghuan Flow Controls Mfg Co's Interest Coverage for the quarter that ended in Mar. 2024 was 63.16. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Chengdu Zhonghuan Flow Controls Mfg Co Interest Expense Historical Data

The historical data trend for Chengdu Zhonghuan Flow Controls Mfg Co's Interest Expense 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.

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Chengdu Zhonghuan Flow Controls Mfg Co Interest Expense Chart

Chengdu Zhonghuan Flow Controls Mfg Co Annual Data

Trend

Dec14

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Dec16

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Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.04

-0.08

-0.29

-0.36

Chengdu Zhonghuan Flow Controls Mfg Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-	-0.18	-0.21	-0.21	-0.11

Chengdu Zhonghuan Flow Controls Mfg Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-0.7 Mil.

Chengdu Zhonghuan Flow Controls Mfg Co (BJSE:836260) Interest Expense Explanation

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

Chengdu Zhonghuan Flow Controls Mfg Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥6.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0.0 Mil.

Chengdu Zhonghuan Flow Controls Mfg Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	6.821	/	-0.108
	=	63.16

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Chengdu Zhonghuan Flow Controls Mfg Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Chengdu Zhonghuan Flow Controls Mfg Co (BJSE:836260) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chengdu Zhonghuan Flow Controls Mfg Co Ltd (BJSE:836260) » Definitions » Interest Expense

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Address

No. 2139, Konggang 4th Road, Southwest Airport, Pilot Free Trade Zone, Xihanggang, Shuangliu District, Chengdu, CHN, 610207

Website

https://www.zh-flow.com

Chengdu Zhonghuan Flow Controls Mfg Co Ltd engages in the design, development, production, and sales of valve actuators, wellhead safety control systems, and skid-mounted equipment. It manufactures API 6D valve gas-hydraulic actuators, electro-hydraulic actuators, and pneumatic actuators; API 6A wellhead safety control systems, wellhead safety valve actuators; skids for major conventional oil and gas fields, unconventional oil and gas fields, gas storage depots, and local gas companies Assembly and module manufacturing; control valves and instrumentation.

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