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Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) Interest Expense : ¥-31 Mil (TTM As of Mar. 2024)


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What is Qinchuan Machine Tool & Tool Group Share Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Qinchuan Machine Tool & Tool Group Share 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 ¥-31 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. Qinchuan Machine Tool & Tool Group Share Co's Operating Income for the three months ended in Mar. 2024 was ¥ 34 Mil. Qinchuan Machine Tool & Tool Group Share Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -7 Mil. Qinchuan Machine Tool & Tool Group Share Co's Interest Coverage for the quarter that ended in Mar. 2024 was 5.12. 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.

Qinchuan Machine Tool & Tool Group Share Co Interest Expense Historical Data

The historical data trend for Qinchuan Machine Tool & Tool Group Share 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.

Qinchuan Machine Tool & Tool Group Share Co Interest Expense Chart

Qinchuan Machine Tool & Tool Group Share 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 -95.93 -98.28 -60.85 -41.94 -32.99

Qinchuan Machine Tool & Tool Group Share 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 -8.61 -8.05 -8.11 -8.22 -6.63

Qinchuan Machine Tool & Tool Group Share 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 ¥-31 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.

Qinchuan Machine Tool & Tool Group Share Co  (SZSE:000837) 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.

Qinchuan Machine Tool & Tool Group Share 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 ¥34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥274 Mil.

Qinchuan Machine Tool & Tool Group Share 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*33.975/-6.63
=5.12

* 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.

Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qinchuan Machine Tool & Tool Group Share Co Ltd (SZSE:000837) » Definitions » Interest Expense
Comparable Companies
SZSE:000821 SZSE:002073 BJSE:872808 SHSE:603075 SHSE:600783 SHSE:605555 SZSE:000922 SHSE:603063 SHSE:688400 SZSE:301260 XTER:SIE XPAR:SU ETN OSTO:ATCO A ITW PH EMR XKRX:373220 AME OTIS
Traded in Other Exchanges
N/A
Address
No. 22 Jiangtan Road, Shanxi, Baoji, CHN, 721009
Website
http://www.qinchuan.com
Qinchuan Machine Tool & Tool Group Share Co Ltd is mainly engaged in the production and sales of metal cutting machine tools, plastic processing machinery and related equipment and raw materials in China. It offers CNC machine tools, gear and gearboxes, plastics machinery, and precision casting products.
Executives
Zhao Jia Bao Executives
Hu Hong Directors, executives
Tian Sha Executives
Hang Bao Jun Executives
Si Guan Lin Executives
Guo Bao An Executives
Long Xing Yuan Directors, executives
Fu Lin Xing Directors, executives
Song Geng Tian Supervisors
Liu Wan Chao Directors, executives
Li Qiang Director
Wang La Xiang Supervisors
Mao Feng Executives
Zhang Yi Supervisors
Wu Kang Executives

Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) Headlines

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