Zhejiang Guyuelongshan Shaoxing Wine Co (SHSE:600059) Interest Expense : ¥-0 Mil (TTM As of Mar. 2024)

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What is Zhejiang Guyuelongshan Shaoxing Wine Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhejiang Guyuelongshan Shaoxing Wine Co's interest expense for the three months ended in Mar. 2024 was ¥ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-0 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 Guyuelongshan Shaoxing Wine Co's Operating Income for the three months ended in Mar. 2024 was ¥ 77 Mil. Zhejiang Guyuelongshan Shaoxing Wine Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0 Mil. Zhejiang Guyuelongshan Shaoxing Wine Co's Interest Coverage for the quarter that ended in Mar. 2024 was 5,498.43. 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.

Zhejiang Guyuelongshan Shaoxing Wine Co Interest Expense Historical Data

The historical data trend for Zhejiang Guyuelongshan Shaoxing Wine 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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Zhejiang Guyuelongshan Shaoxing Wine Co Interest Expense Chart

Zhejiang Guyuelongshan Shaoxing Wine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

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Dec23

Interest Expense

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-0.07

-0.06

-0.20

-0.25

-0.21

Zhejiang Guyuelongshan Shaoxing Wine 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															-0.03	-0.09	-	-0.10	-0.01

Zhejiang Guyuelongshan Shaoxing Wine 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 ¥-0 Mil.

Zhejiang Guyuelongshan Shaoxing Wine Co (SHSE:600059) 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.

Zhejiang Guyuelongshan Shaoxing Wine Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥77 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥3 Mil.

Zhejiang Guyuelongshan Shaoxing Wine 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	*	76.978	/	-0.014
	=	5,498.43

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Zhejiang Guyuelongshan Shaoxing Wine Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Zhejiang Guyuelongshan Shaoxing Wine Co (SHSE:600059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Zhejiang Guyuelongshan Shaoxing Wine Co Ltd (SHSE:600059) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Beihai Bridge, Shaoxing, Zhejiang, CHN, 312000

Website

http://www.shaoxingwine.com.cn

Zhejiang Guyuelongshan Shaoxing Wine Co Ltd is a China-based company engaged in the production and distribution of Chinese rice wine. Its main products consist of raw Chinese rice wine, bottled Chinese rice wine and a relatively small amount of fruit wine and distilled spirit. The company owns a range of brands including Gu Yue Long Shan, Nv Er Hong, Champion Red, Shen Yonghe as well as Jian Hu, among others.

Executives

Yang Wen Long	Supervisors
Hu Zhi Ming	senior management
Liu Jian	senior management
Wan Long	senior management
Liu Hong Lin	Supervisors
Wang Ling Ling	Director
Xu Dong Liang	Director
Meng Zhong Fa	Supervisors
Fu Bao Wei	Director
Dong Yong Jiu	Director
Sun Yong Gen	Supervisors
He Feng	Director

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