Huadi International Group Co (Huadi International Group Co) Interest Expense : $-0.30 Mil (TTM As of Sep. 2023)

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What is Huadi International Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Huadi International Group Co's interest expense for the six months ended in Sep. 2023 was $ -0.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.30 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. Huadi International Group Co's Operating Income for the six months ended in Sep. 2023 was $ 1.27 Mil. Huadi International Group Co's Interest Expense for the six months ended in Sep. 2023 was $ -0.03 Mil. Huadi International Group Co's Interest Coverage for the quarter that ended in Sep. 2023 was 45.39. 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.

Huadi International Group Co Interest Expense Historical Data

The historical data trend for Huadi International Group 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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Huadi International Group Co Interest Expense Chart

Huadi International Group Co Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-2.15

-2.16

-2.06

-1.63

-0.30

Huadi International Group Co Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial						-1.13	-0.95	-0.68	-0.27	-0.03

Huadi International Group 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.30 Mil.

Huadi International Group Co (NAS:HUDI) 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.

Huadi International Group Co's Interest Expense for the six months ended in Sep. 2023 was $-0.03 Mil. Its Operating Income for the six months ended in Sep. 2023 was $1.27 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was $5.40 Mil.

Huadi International Group Co's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	1.271	/	-0.028
	=	45.39

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

Huadi International Group Co (Huadi International Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Huadi International Group Co Ltd (NAS:HUDI) » Definitions » Interest Expense

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Address

No.1688 Tianzhong Street, Longwan District, Zhejiang Province, Wenzhou, CHN, 325025

Website

http://www.huadigroup.com

Huadi International Group Co Ltd is a manufacturer of industrial stainless steel seamless pipes and tubes products. Its products are used in the oil & gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, automobile and naval architecture, paper mill and mechanical industries. Products are exported to the United States, Mexico, Thailand, Australia, Argentina, Taiwan, India, the Philippines, UAE and Canada. Geographically, majority revenue is generated from China.