Hefei Metalforming Intelligent Manufacturing Co (SHSE:603011) Interest Expense : ¥-32 Mil (TTM As of Mar. 2024)

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What is Hefei Metalforming Intelligent Manufacturing Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hefei Metalforming Intelligent Manufacturing Co's interest expense for the three months ended in Mar. 2024 was ¥ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-32 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. Hefei Metalforming Intelligent Manufacturing Co's Operating Income for the three months ended in Mar. 2024 was ¥ 18 Mil. Hefei Metalforming Intelligent Manufacturing Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -7 Mil. Hefei Metalforming Intelligent Manufacturing Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.61. 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.

Hefei Metalforming Intelligent Manufacturing Co Interest Expense Historical Data

The historical data trend for Hefei Metalforming Intelligent Manufacturing 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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Hefei Metalforming Intelligent Manufacturing Co Interest Expense Chart

Hefei Metalforming Intelligent Manufacturing Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-10.30

-17.85

-17.41

-27.18

-30.75

Hefei Metalforming Intelligent Manufacturing 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															-5.50	-8.34	-6.67	-10.24	-6.90

Hefei Metalforming Intelligent Manufacturing 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 ¥-32 Mil.

Hefei Metalforming Intelligent Manufacturing Co (SHSE:603011) 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.

Hefei Metalforming Intelligent Manufacturing Co's Interest Expense for the three months ended in Mar. 2024 was ¥-7 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥18 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥13 Mil.

Hefei Metalforming Intelligent Manufacturing 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	*	18.011	/	-6.897
	=	2.61

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

Hefei Metalforming Intelligent Manufacturing Co (SHSE:603011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hefei Metalforming Intelligent Manufacturing Co Ltd (SHSE:603011) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

Hefei Economic and Technological Development Zone, Ziyun Road 123, Hefei, CHN

Website

http://www.hfpress.com

Hefei Metalforming Intelligent Manufacturing Co Ltd is engaged in the manufacturing of hydraulic press, mechanical press and other intelligent forming equipment and industrial automation equipment. The company's products and services offerings include Precision drop forging hydraulic press, Pipe straightening machine, Elbow forging hydraulic press, Door plank automatic production line, Internal high pressure forming equipment and others. It provides its solutions to Metal forming field, a Non-metal material forming, Vessal field, Aerospace field, Automobile manufacturing field, Light industry and home, Petrochemical pipe fittings field, Rail transportation field, and others.

Executives

Zhang Lan Jun	senior management
Wang Yu Shan	senior management
Zhang An Ping	Director
Li Gui Shan	senior management
Han Xiao Feng	Director
Wang Xiao Feng	Director
Sun Ge	senior management
Wang Lei	Director
Li Hui	senior management
Shi Jian Wei	senior management
Yan Jian Wen	Director

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