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Aerospace Hi-tech Holding Group Co (SZSE:000901) Interest Expense : ¥-74 Mil (TTM As of Mar. 2024)


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What is Aerospace Hi-tech Holding Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aerospace Hi-tech Holding Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -16 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-74 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. Aerospace Hi-tech Holding Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 24 Mil. Aerospace Hi-tech Holding Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -16 Mil. Aerospace Hi-tech Holding Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.45. 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.

Aerospace Hi-tech Holding Group Co Interest Expense Historical Data

The historical data trend for Aerospace Hi-tech Holding Group 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.

Aerospace Hi-tech Holding Group Co Interest Expense Chart

Aerospace Hi-tech Holding Group 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 -29.57 -18.70 -27.31 -31.88 -72.16

Aerospace Hi-tech Holding Group 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 -14.07 -14.18 -15.90 -28.02 -16.26

Aerospace Hi-tech Holding Group 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 ¥-74 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.

Aerospace Hi-tech Holding Group Co  (SZSE:000901) 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.

Aerospace Hi-tech Holding Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-16 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥24 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥909 Mil.

Aerospace Hi-tech Holding Group 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*23.504/-16.263
=1.45

* 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.

Aerospace Hi-tech Holding Group Co (SZSE:000901) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aerospace Hi-tech Holding Group Co Ltd (SZSE:000901) » Definitions » Interest Expense
Comparable Companies
SHSE:600742 SHSE:603009 SZSE:300893 SZSE:002536 SHSE:603107 SZSE:002031 SZSE:002537 SZSE:002970 SZSE:300304 SZSE:300969 TSE:6902 TSE:5108 XPAR:ML APTV MBLY GPC SHSE:600660 XKRX:012330 XTER:CON TSX:MG
Traded in Other Exchanges
N/A
Address
No. 45 Haping West Road, Pingfang District, Heilongjiang Province, Harbin, Heilongjiang, CHN, 100070
Website
http://www.as-hitech.com
Aerospace Hi-tech Holding Group Co Ltd is principally engaged in the research, development, manufacture and sale of automobile electronic products, environmental protection monitoring products and aerospace products in China.
Executives
Guo You Zhi Director
Huai Xiao Feng Independent director
Dong Gui Bin Directors, executives

Aerospace Hi-tech Holding Group Co (SZSE:000901) Headlines

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