Avic Heavy Machinery Co (SHSE:600765) Interest Expense : ¥-91 Mil (TTM As of Mar. 2024)

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What is Avic Heavy Machinery Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Avic Heavy Machinery Co's interest expense for the three months ended in Mar. 2024 was ¥ -20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-91 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. Avic Heavy Machinery Co's Operating Income for the three months ended in Mar. 2024 was ¥ 487 Mil. Avic Heavy Machinery Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -20 Mil. Avic Heavy Machinery Co's Interest Coverage for the quarter that ended in Mar. 2024 was 24.19. 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.

Avic Heavy Machinery Co Interest Expense Historical Data

The historical data trend for Avic Heavy Machinery 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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Avic Heavy Machinery Co Interest Expense Chart

Avic Heavy Machinery Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-147.87

-133.65

-118.80

-91.18

-90.19

Avic Heavy Machinery 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															-19.72	-19.16	-20.60	-30.71	-20.13

Avic Heavy Machinery 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 ¥-91 Mil.

Avic Heavy Machinery Co (SHSE:600765) 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.

Avic Heavy Machinery Co's Interest Expense for the three months ended in Mar. 2024 was ¥-20 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥487 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥2,017 Mil.

Avic Heavy Machinery 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	*	487.124	/	-20.134
	=	24.19

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

Avic Heavy Machinery Co (SHSE:600765) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Avic Heavy Machinery Co Ltd (SHSE:600765) » Definitions » Interest Expense

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Address

No. 501, Beitun Road, Xintian Village, Wudang District, Guizhou Province, Guiyang, CHN, 550018

Website

http://www.hm.avic.com

Avic Heavy Machinery Co Ltd is a China-based company engaged in the development, production, and sale of both military and civilian-used high-end equipment. It manufactures hydraulic parts, hydraulic systems, forging products, heat exchangers and gas turbines in China. The company operates in the business areas of Forging business, Hydraulic business, and New energy business. In the Forging business, the company mainly produces die forgings, free forgings, isothermal forgings and rings of different materials. In Hydraulic business, the main products are various types of heat exchangers, high-speed rotating machinery (turbine, pumps, fans), oil tanks, cooling devices, high-temperature insulation components.

Executives

Li Yang	senior management
Hu Ling Hong	Directors, senior managers
Ji Sheng Li	senior management
Zhang Zheng Yuan	senior management
Mao Yuan	Supervisors
Ran Xing	Director
Wang Zhi Hong	senior management
Qiao Kun	senior management
Liu Zhong Wen	senior management
Sun Ji Bing	senior management
Li Xue Qin	Director
Jiang Chao	Director
Ji Su Chun	senior management
Huang Yun	Director
Hu Hai Yin	senior management

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