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ShanDong Swan Cotton Industrial Machinery Stock Co (SHSE:603029) Interest Expense : ¥-3.4 Mil (TTM As of Mar. 2024)


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What is ShanDong Swan Cotton Industrial Machinery Stock Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ShanDong Swan Cotton Industrial Machinery Stock Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-3.4 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. ShanDong Swan Cotton Industrial Machinery Stock Co's Operating Income for the three months ended in Mar. 2024 was ¥ 4.9 Mil. ShanDong Swan Cotton Industrial Machinery Stock Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.3 Mil. ShanDong Swan Cotton Industrial Machinery Stock Co's Interest Coverage for the quarter that ended in Mar. 2024 was 18.15. 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.

ShanDong Swan Cotton Industrial Machinery Stock Co Interest Expense Historical Data

The historical data trend for ShanDong Swan Cotton Industrial Machinery Stock 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.

ShanDong Swan Cotton Industrial Machinery Stock Co Interest Expense Chart

ShanDong Swan Cotton Industrial Machinery Stock 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 -1.45 -1.89 -2.14 -4.20 -4.82

ShanDong Swan Cotton Industrial Machinery Stock 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 -1.66 -1.68 -2.14 0.65 -0.27

ShanDong Swan Cotton Industrial Machinery Stock 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 ¥-3.4 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.

ShanDong Swan Cotton Industrial Machinery Stock Co  (SHSE:603029) 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.

ShanDong Swan Cotton Industrial Machinery Stock Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥4.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥5.7 Mil.

ShanDong Swan Cotton Industrial Machinery Stock 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*4.919/-0.271
=18.15

* 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.

ShanDong Swan Cotton Industrial Machinery Stock Co (SHSE:603029) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ShanDong Swan Cotton Industrial Machinery Stock Co Ltd (SHSE:603029) » Definitions » Interest Expense
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SHSE:688420 SZSE:300281 SZSE:002871 SHSE:688577 SHSE:603488 SHSE:603656 SZSE:301070 SZSE:301032 SZSE:300960 SHSE:603988 GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
N/A
Address
NO.99, East Road of Dawei Village, Tianqiao District, Jinan, CHN, 250032
Website
http://www.sdmj.com.cn
ShanDong Swan Cotton Industrial Machinery Stock Co Ltd is engaged in manufacturing cotton processing machinery. It also manufactures agriculture machinery. Its products can be divided into two categories: ginning equipment and stripping equipment. The ginning equipment mainly includes ginning machine, seed cotton cleaning machine, and lint cleaning machine. The stripping equipment mainly includes a stripping machine.
Executives
Yang Bing Sheng senior management

ShanDong Swan Cotton Industrial Machinery Stock Co (SHSE:603029) Headlines

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