AECC Aero Science and Technology Co (SHSE:600391) Interest Expense : ¥-50 Mil (TTM As of Mar. 2024)

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What is AECC Aero Science and Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AECC Aero Science and Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-50 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. AECC Aero Science and Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 25 Mil. AECC Aero Science and Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -10 Mil. AECC Aero Science and Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.55. 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.

AECC Aero Science and Technology Co Interest Expense Historical Data

The historical data trend for AECC Aero Science and Technology 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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AECC Aero Science and Technology Co Interest Expense Chart

AECC Aero Science and Technology Co Annual Data

Trend

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Dec23

Interest Expense

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-69.13

-40.51

-49.68

-48.99

-49.33

AECC Aero Science and Technology 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															-9.09	-11.87	-12.56	-15.80	-9.70

AECC Aero Science and Technology 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 ¥-50 Mil.

AECC Aero Science and Technology Co (SHSE:600391) 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.

AECC Aero Science and Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-10 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥25 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥691 Mil.

AECC Aero Science and Technology 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	*	24.747	/	-9.698
	=	2.55

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. AECC Aero Science and Technology Co Ltd interest coverage is 3.78, which is low.

AECC Aero Science and Technology Co (SHSE:600391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AECC Aero Science and Technology Co Ltd (SHSE:600391) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 901, 9th Floor, Building 1, Tianyun Road, High-tech Zone, Sichuan Province, Chengdu, CHN, 610503

Website

http://www.fast.avic.com

AECC Aero Science and Technology Co Ltd is a China-based company engages in the research and development, manufacture, and sale of aviation products. It focuses on aircraft engines and their components, gas turbine components and parts, and aviation bearings.

Executives

Yan Shui Bo	Supervisors
Zhang Li	senior management
Chen Yu Pei	senior management
Sun Yan Feng	Supervisors
Chen Jin	Director
Zhang Bin	senior management
Liu Jian	senior management
Xiong Yi	Director
Yi Xue Bin	senior management
Wu Hua	Director
Wang Nan Hai	senior management

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