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AA Industrial Belting (Shanghai) Co (SHSE:603580) Interest Expense : ¥-2.7 Mil (TTM As of Mar. 2024)


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What is AA Industrial Belting (Shanghai) Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AA Industrial Belting (Shanghai) Co's interest expense for the three months ended in Mar. 2024 was ¥ -1.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-2.7 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. AA Industrial Belting (Shanghai) Co's Operating Income for the three months ended in Mar. 2024 was ¥ 0.4 Mil. AA Industrial Belting (Shanghai) Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -1.0 Mil. AA Industrial Belting (Shanghai) Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.38. 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.

AA Industrial Belting (Shanghai) Co Interest Expense Historical Data

The historical data trend for AA Industrial Belting (Shanghai) 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.

AA Industrial Belting (Shanghai) Co Interest Expense Chart

AA Industrial Belting (Shanghai) 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 -0.42 -0.27 -0.33 -0.89 -0.69

AA Industrial Belting (Shanghai) 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 -0.11 -0.22 - -1.47 -0.99

AA Industrial Belting (Shanghai) 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 ¥-2.7 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.

AA Industrial Belting (Shanghai) Co  (SHSE:603580) 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.

AA Industrial Belting (Shanghai) Co's Interest Expense for the three months ended in Mar. 2024 was ¥-1.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥0.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥6.8 Mil.

AA Industrial Belting (Shanghai) 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*0.372/-0.988
=0.38

* 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.

AA Industrial Belting (Shanghai) Co (SHSE:603580) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AA Industrial Belting (Shanghai) Co Ltd (SHSE:603580) » Definitions » Interest Expense
Comparable Companies
SHSE:603356 SZSE:301105 SZSE:300836 SHSE:600302 SZSE:300992 SHSE:603320 BJSE:873726 SHSE:600243 SZSE:301273 SZSE:002592 GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
N/A
Address
580 Xiangyin Road, Shanghai, CHN, 200433
Website
http://www.aabelt.com.cn
AA Industrial Belting (Shanghai) Co Ltd is specialized in the research and development of light conveyor belts. Its main products include thermoplastic urethane (TPU) conveyor belts, thermoplastic polyester elastomeric (TPEE) conveyor belts, polyvinyl chloride (PVC) conveyor belts, polyethylene (PE) conveyor belts and seamless conveyor belts. Its product is widely used in food processing, airport logistics, textile printing, automotive and steel processing, tire, tobacco, and aluminum industry.
Executives
Tu Guo Sheng Director
Tu Mu Lin Director
Cai Rui Mei Director

AA Industrial Belting (Shanghai) Co (SHSE:603580) Headlines

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