Aishida Co (SZSE:002403) Interest Expense : ¥-64 Mil (TTM As of Mar. 2024)

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What is Aishida Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aishida Co's interest expense for the three months ended in Mar. 2024 was ¥ -15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-64 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. Aishida Co's Operating Income for the three months ended in Mar. 2024 was ¥ 32 Mil. Aishida Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -15 Mil. Aishida Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.14. 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.

Aishida Co Interest Expense Historical Data

The historical data trend for Aishida 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.

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Aishida Co Interest Expense Chart

Aishida Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-52.86

-62.05

-76.55

-66.73

-66.75

Aishida 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															-17.23	-18.12	-14.25	-17.15	-14.93

Aishida 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 ¥-64 Mil.

Aishida Co (SZSE:002403) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Aishida Co's Interest Expense for the three months ended in Mar. 2024 was ¥-15 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥32 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥374 Mil.

Aishida 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	*	31.98	/	-14.929
	=	2.14

The higher the ratio, the stronger the company's financial strength is.

Aishida Co (SZSE:002403) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Aishida Co Ltd (SZSE:002403) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Development Zone, Wenling, Zhejiang, CHN, 317500

Website

http://www.chinaasd.com

Aishida Co Ltd is a China-based company engaged in the manufacture and distribution of cookware and automotive components. It also offers mechanical parts, general parts, kitchen and bathroom products, metal composites, chemical products.

Executives

Chen Mei Rong	Executives
Chen He Lin	Directors, executives
Hong Wei Guo	Executives

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