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Zhejiang Jindao Technology Co (SZSE:301279) Interest Expense : ¥-14.6 Mil (TTM As of Mar. 2024)


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What is Zhejiang Jindao Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhejiang Jindao Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-14.6 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. Zhejiang Jindao Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 7.3 Mil. Zhejiang Jindao Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ 0.0 Mil. Zhejiang Jindao Technology Co has no long-term debt (1). 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Zhejiang Jindao Technology Co Interest Expense Historical Data

The historical data trend for Zhejiang Jindao Technology 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.

Zhejiang Jindao Technology Co Interest Expense Chart

Zhejiang Jindao Technology Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -1.71 -0.57 -0.07 -0.23 -0.29

Zhejiang Jindao Technology Co Quarterly Data
Dec17 Dec18 Dec19 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 - - - -14.63 -

Zhejiang Jindao Technology 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 ¥-14.6 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.

Zhejiang Jindao Technology Co  (SZSE:301279) 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.

Zhejiang Jindao Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥0.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥7.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0.0 Mil.

Zhejiang Jindao Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Zhejiang Jindao Technology Co had no long-term debt (1).

* 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.

Zhejiang Jindao Technology Co (SZSE:301279) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Jindao Technology Co Ltd (SZSE:301279) » Definitions » Interest Expense
Comparable Companies
SZSE:300694 SZSE:301314 SHSE:603895 SHSE:603321 SHSE:603269 SZSE:301070 SHSE:603029 SHSE:688638 SZSE:300281 SZSE:002871 GE XTER:SIE XPAR:SU ETN ITW XKRX:373220 OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
N/A
Address
No. 689, Bujin Road, Keqiao District, Zhejiang Province, Shaoxing, CHN, 312000
Website
http://www.sxjindao.com
Zhejiang Jindao Technology Co Ltd is engaged in the research and development, production and sales of various types of forklifts and other industrial vehicle gearboxes.

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