GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Zhejiang Tiantai Xianghe Industrial Co Ltd (SHSE:603500) » Definitions » Interest Expense

Zhejiang Tiantai Xianghe Industrial Co (SHSE:603500) Interest Expense : ¥-2.4 Mil (TTM As of Mar. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Zhejiang Tiantai Xianghe Industrial Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhejiang Tiantai Xianghe Industrial Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-2.4 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. Zhejiang Tiantai Xianghe Industrial Co's Operating Income for the three months ended in Mar. 2024 was ¥ 22.0 Mil. Zhejiang Tiantai Xianghe Industrial Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.6 Mil. Zhejiang Tiantai Xianghe Industrial Co's Interest Coverage for the quarter that ended in Mar. 2024 was 37.10. 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.

Zhejiang Tiantai Xianghe Industrial Co Interest Expense Historical Data

The historical data trend for Zhejiang Tiantai Xianghe Industrial 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.

Zhejiang Tiantai Xianghe Industrial Co Interest Expense Chart

Zhejiang Tiantai Xianghe Industrial 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 -0.01 -0.05 -0.71 -2.07 -2.25

Zhejiang Tiantai Xianghe Industrial 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 -0.40 -0.36 -0.76 -0.73 -0.59

Zhejiang Tiantai Xianghe Industrial 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 ¥-2.4 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.

Zhejiang Tiantai Xianghe Industrial Co  (SHSE:603500) 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.

Zhejiang Tiantai Xianghe Industrial Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥22.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥10.3 Mil.

Zhejiang Tiantai Xianghe Industrial 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*22.001/-0.593
=37.10

* 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.

Zhejiang Tiantai Xianghe Industrial Co (SHSE:603500) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Zhejiang Tiantai Xianghe Industrial Co Ltd (SHSE:603500) » Definitions » Interest Expense
Comparable Companies
SZSE:301016 SZSE:300407 SZSE:000421 SHSE:605001 SZSE:300851 SZSE:002296 SZSE:300440 SZSE:000976 SZSE:300789 SHSE:688285 UNP TSX:CNR TSX:CP CSX NSC SHSE:601816 HKSE:00066 TSE:9022 HKSE:01766 TSE:9020
Traded in Other Exchanges
N/A
Address
No. 799, Renmin East Road, Chicheng Street, Zhejiang Province, Tiantai County, Taizhou, CHN
Website
http://www.ttxh.com.cn
Zhejiang Tiantai Xianghe Industrial Co Ltd is engaged in the research, development, commissioning, verification and industrialization of the national high-speed rail fastener project group. The company's main products include fastener products such as nylon parts, rubber parts, elastic pads and plastic parts; electronic products such as rubber stoppers and bases.
Executives
Tang Xiao Directors, senior managers
Tang Jiao Directors, senior managers
Tang You Qian Director
Tang Wen Ming Directors, senior managers
Zheng Yuan Fei senior management
Wang Hong Hai senior management
Qi Wei senior management

Zhejiang Tiantai Xianghe Industrial Co (SHSE:603500) Headlines

No Headlines