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Guangxi Liugong Machinery Co (SZSE:000528) Interest Expense : ¥-408 Mil (TTM As of Mar. 2024)


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What is Guangxi Liugong Machinery Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Guangxi Liugong Machinery Co's interest expense for the three months ended in Mar. 2024 was ¥ -102 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-408 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. Guangxi Liugong Machinery Co's Operating Income for the three months ended in Mar. 2024 was ¥ 860 Mil. Guangxi Liugong Machinery Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -102 Mil. Guangxi Liugong Machinery Co's Interest Coverage for the quarter that ended in Mar. 2024 was 8.44. 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.

Guangxi Liugong Machinery Co Interest Expense Historical Data

The historical data trend for Guangxi Liugong Machinery 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.

Guangxi Liugong Machinery Co Interest Expense Chart

Guangxi Liugong Machinery 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 -171.21 -201.32 -224.24 -225.24 -394.43

Guangxi Liugong Machinery 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 -88.59 -117.06 -112.99 -75.79 -101.85

Guangxi Liugong Machinery 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 ¥-408 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.

Guangxi Liugong Machinery Co  (SZSE:000528) 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.

Guangxi Liugong Machinery Co's Interest Expense for the three months ended in Mar. 2024 was ¥-102 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥860 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥4,154 Mil.

Guangxi Liugong Machinery 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*860.068/-101.853
=8.44

* 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.

Guangxi Liugong Machinery Co (SZSE:000528) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Guangxi Liugong Machinery Co Ltd (SZSE:000528) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 1 Liutai Road, Liuzhou, Guangxi, CHN, 545007
Website
http://www.liugong.com
Guangxi Liugong Machinery Co Ltd is a construction equipment manufacturer that offers services to construction equipment owners. The products of the company include forklift, wheel loader, crawler excavator, wheel excavator, roller, motor grader, bulldozer, crane, concrete, mining truck, and skid steer loader.
Executives
Yu Chuan Fen Executives
Wen Wu Directors, executives
Yuan Shi Guo Executives
Huang Hai Bo Director
Huang Xiang Quan Executives
Luo Guo Bing Executives
Huang Tie Zhu Executives
Ceng Guang An Directors, executives
Huang Hua Lin Secretary Dong
Zheng Yu Huang Independent director
Cai Deng Sheng Supervisors
Ding Yi Bin Director
Tan Yong Supervisors
Yu Ya Jun Executives
Huang Min Executives

Guangxi Liugong Machinery Co (SZSE:000528) Headlines

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