Ningbo Joyson Electronic (SHSE:600699) Interest Expense : ¥-1,140 Mil (TTM As of Mar. 2024)

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What is Ningbo Joyson Electronic Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ningbo Joyson Electronic's interest expense for the three months ended in Mar. 2024 was ¥ -293 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-1,140 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 Joyson Electronic's Operating Income for the three months ended in Mar. 2024 was ¥ 698 Mil. Ningbo Joyson Electronic's Interest Expense for the three months ended in Mar. 2024 was ¥ -293 Mil. Ningbo Joyson Electronic's Interest Coverage for the quarter that ended in Mar. 2024 was 2.38. 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 Joyson Electronic Interest Expense Historical Data

The historical data trend for Ningbo Joyson Electronic'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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Ningbo Joyson Electronic Interest Expense Chart

Ningbo Joyson Electronic Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-1,086.40

-1,140.72

-1,026.23

-932.11

-1,120.90

Ningbo Joyson Electronic 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															-273.91	-331.09	-259.57	-256.33	-293.35

Ningbo Joyson Electronic 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 ¥-1,140 Mil.

Ningbo Joyson Electronic (SHSE:600699) 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.

Ningbo Joyson Electronic's Interest Expense for the three months ended in Mar. 2024 was ¥-293 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥698 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥14,864 Mil.

Ningbo Joyson Electronic'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	*	697.63	/	-293.351
	=	2.38

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. Ningbo Joyson Electronic Corp interest coverage is 2.36, which is low.

Ningbo Joyson Electronic (SHSE:600699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo Joyson Electronic Corp (SHSE:600699) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1266 Road, Zhejiang Province, High-tech Zone, Ningbo, CHN, 136200

Website

http://www.joyson.cn

Ningbo Joyson Electronic Corp is an automotive supplier. Some of the products that the company caters to the global automotive industry are - Driver controls, Climate control, Sensor systems, Electronic control units, Car connect, Active safety, Passive safety, Air Intake systems, Washer systems, Air management systems, Mirror systems, Front griller, Fuel tank door, and Steering wheel.

Executives

Wang Jian Feng	Director
Zhou Gui Tian	Supervisors
Liu Guang Quan	Supervisors
Jian Shi Hui Fu Zhu Xi	Supervisors

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