Anhui Xinli Finance Co (SHSE:600318) Interest Expense : ¥-45.5 Mil (TTM As of Mar. 2024)

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What is Anhui Xinli Finance Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Anhui Xinli Finance Co's interest expense for the three months ended in Mar. 2024 was ¥ -11.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-45.5 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. Anhui Xinli Finance Co's Operating Income for the three months ended in Mar. 2024 was ¥ 52.0 Mil. Anhui Xinli Finance Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -11.0 Mil. Anhui Xinli Finance Co's Interest Coverage for the quarter that ended in Mar. 2024 was 4.71. 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.

Anhui Xinli Finance Co Interest Expense Historical Data

The historical data trend for Anhui Xinli Finance 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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Anhui Xinli Finance Co Interest Expense Chart

Anhui Xinli Finance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-92.46

-84.42

-68.82

-55.67

-47.91

Anhui Xinli Finance 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															-13.43	-12.92	-10.99	-10.57	-11.03

Anhui Xinli Finance 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 ¥-45.5 Mil.

Anhui Xinli Finance Co (SHSE:600318) 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.

Anhui Xinli Finance Co's Interest Expense for the three months ended in Mar. 2024 was ¥-11.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥52.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥425.9 Mil.

Anhui Xinli Finance 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	*	51.984	/	-11.028
	=	4.71

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Anhui Xinli Finance Co Ltd interest coverage is 4.19, which is low.

Anhui Xinli Finance Co (SHSE:600318) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Anhui Xinli Finance Co Ltd (SHSE:600318) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

No. 269 Changjiang West Road, Chaohu, Anhui, CHN, 238001

Website

http://www.xinlitouzi.cn

Anhui Xinli Finance Co Ltd is focused on financial equity investment and asset management. The Group is positioned as a comprehensive financial enterprise featuring rural financial services and Internet finance. It has developed into a financial holding group that covers financial security, small loans, pawn shops, financial leasing, Internet finance (P2P), fund management, asset management and other seven financial institutions. Geographically operates the business through the region of China.

Executives

Dong Fei	Supervisors
Hong Zhi Cheng	senior management
Sun Fu Lai	senior management
Liu Yang	senior management
Zhang Yue	Supervisors
Xu Sheng Ming	Director
Qian Yuan Wen	Supervisors
Meng Qing Li	senior management
Zhong Gang	senior management
Xu Li Xin	Director

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