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Qinghai Huading Industrial Co (SHSE:600243) Interest Expense : ¥-6.1 Mil (TTM As of Mar. 2024)


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What is Qinghai Huading Industrial Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Qinghai Huading Industrial Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-6.1 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. Qinghai Huading Industrial Co's Operating Income for the three months ended in Mar. 2024 was ¥ -10.6 Mil. Qinghai Huading Industrial Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.9 Mil. Qinghai Huading Industrial Co did not have earnings to cover the interest expense. 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.

Qinghai Huading Industrial Co Interest Expense Historical Data

The historical data trend for Qinghai Huading Industrial 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.

Qinghai Huading Industrial Co Interest Expense Chart

Qinghai Huading Industrial 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 -31.44 -31.17 -11.57 -11.07 -6.71

Qinghai Huading Industrial 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 -1.52 -1.77 -1.32 -2.09 -0.88

Qinghai Huading Industrial 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 ¥-6.1 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.

Qinghai Huading Industrial Co  (SHSE:600243) 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.

Qinghai Huading Industrial Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.9 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-10.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥42.8 Mil.

Qinghai Huading Industrial Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Qinghai Huading Industrial Co did not have earnings to cover the interest expense.

* 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.

Qinghai Huading Industrial Co (SHSE:600243) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qinghai Huading Industrial Co Ltd (SHSE:600243) » Definitions » Interest Expense
Comparable Companies
SZSE:300368 BJSE:873726 BJSE:873570 SHSE:688448 SHSE:600302 SHSE:688328 SZSE:300992 SZSE:300472 SZSE:300521 SZSE:002622 XTER:SIE XPAR:SU ETN OSTO:ATCO A ITW PH EMR XKRX:373220 AME OTIS
Traded in Other Exchanges
N/A
Address
No. 318, Qiyi Road, Qinghai Province, Xining, CHN, 810000
Website
http://www.qhhdsy.com
Qinghai Huading Industrial Co Ltd is a Chinese company engaged in the manufacture and sale of CNC horizontal lathe products, roll lathes, special railway lathes, and other machine tools.
Executives
Wang Feng Director
Yu Shi Guang Director
Li Yue Nan Supervisors
Liu Wen Zhong Director
Yang Yong Jun Director
Xiao Shan Peng senior management
Li Xiang Jun Director
Ma Xin Ping Supervisors
Wang Chun Mei Director
Yu Jian Guo Supervisors

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