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Ningbo United Group Co (SHSE:600051) Interest Expense : ¥-59 Mil (TTM As of Mar. 2024)


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What is Ningbo United Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ningbo United Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -16 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-59 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. Ningbo United Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 10 Mil. Ningbo United Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -16 Mil. Ningbo United Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.65. 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.

Ningbo United Group Co Interest Expense Historical Data

The historical data trend for Ningbo United 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.

* Premium members only.

Ningbo United Group Co Interest Expense Chart

Ningbo United Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -40.62 -39.25 -23.96 -29.90 -55.45

Ningbo United Group Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -11.98 -13.41 -15.69 -14.37 -15.92

Ningbo United 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-59 Mil.

* 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.

Ningbo United Group Co  (SHSE:600051) Interest Expense Explanation

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. The higher, the better.

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

Ningbo United Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-16 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥10 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥278 Mil.

Ningbo United Group 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*10.322/-15.917
=0.65

* 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.

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

Ningbo United Group Co (SHSE:600051) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Ningbo United Group Co Ltd (SHSE:600051) » Definitions » Interest Expense
Comparable Companies
SHSE:600287 SHSE:600735 SHSE:600113 BJSE:836871 SZSE:300434 SZSE:000151 SHSE:600811 SHSE:601890 GWW FERG FAST WSO POOL CNM ASX:REH WCC OSTO:INDT AIT TSX:TIH LSE:DPLM
Traded in Other Exchanges
N/A
Address
United Building No. 1 Donghai Road, Economic Development Zone, Zhejiang Province, Ningbo, CHN, 315803
Website
http://www.nug.com.cn
Ningbo United Group Co Ltd is engaged in the development, manufacturing of energy, transportation, communications, municipal infrastructure, environmental protection equipment, instruments, general machinery, and electrical products.
Executives
Zhou Zhao Hui senior management
Dong Qing Ci senior management
Dai Xiao Jun senior management
Wang Wei He Director
Chen Jian Hua senior management

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