Shanghai Taisheng Wind Power Equipment Co (SZSE:300129) Interest Expense : ¥-18 Mil (TTM As of Mar. 2024)

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What is Shanghai Taisheng Wind Power Equipment Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Taisheng Wind Power Equipment Co's interest expense for the three months ended in Mar. 2024 was ¥ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-18 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. Shanghai Taisheng Wind Power Equipment Co's Operating Income for the three months ended in Mar. 2024 was ¥ 65 Mil. Shanghai Taisheng Wind Power Equipment Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -6 Mil. Shanghai Taisheng Wind Power Equipment Co's Interest Coverage for the quarter that ended in Mar. 2024 was 10.22. 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.

Shanghai Taisheng Wind Power Equipment Co Interest Expense Historical Data

The historical data trend for Shanghai Taisheng Wind Power Equipment 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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Shanghai Taisheng Wind Power Equipment Co Interest Expense Chart

Shanghai Taisheng Wind Power Equipment Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-0.96

-3.65

-9.20

-17.58

-17.32

Shanghai Taisheng Wind Power Equipment 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															-5.59	-2.93	-4.49	-4.31	-6.34

Shanghai Taisheng Wind Power Equipment 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 ¥-18 Mil.

Shanghai Taisheng Wind Power Equipment Co (SZSE:300129) 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.

Shanghai Taisheng Wind Power Equipment Co's Interest Expense for the three months ended in Mar. 2024 was ¥-6 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥65 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥393 Mil.

Shanghai Taisheng Wind Power Equipment 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	*	64.759	/	-6.335
	=	10.22

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

Shanghai Taisheng Wind Power Equipment Co (SZSE:300129) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Taisheng Wind Power Equipment Co Ltd (SZSE:300129) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

1988 East Weiqing Road, Jinshanzui Industrial District, Jinshan District, Shanghai, CHN, 201508

Website

http://www.shtspchina.com

Shanghai Taisheng Wind Power Equipment Co Ltd is a China-based company. It is principally engaged in the research, development, manufacture, and sales of wind power generation equipment. The company's products are mainly used in offshore wind power generation and marine engineering. Shanghai is also involved in the operation and maintenance of wind farms.

Executives

Huang Jing Ming	Director
Liu Zhi Cheng	Director
Zhang Fu Lin	Director
Xia Quan Guang	Director
Zhao Jian Min	Executives
Dou Jian Rong	Director
Zhang Jin Nan	Directors, executives
Zou Tao	Directors, Directors, and Executives
Huang Wei Guang	Supervisors
Zhu Shou Guo	Director
Lin Shou Tong	Director
Cai Xun Jiang	Supervisors
Wu Yun Dong	Director

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