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QuMei Home Furnishings Group Co (SHSE:603818) Interest Expense : ¥-299 Mil (TTM As of Mar. 2024)


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What is QuMei Home Furnishings Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. QuMei Home Furnishings Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -81 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-299 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. QuMei Home Furnishings Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ -13 Mil. QuMei Home Furnishings Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -81 Mil. QuMei Home Furnishings Group 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.

QuMei Home Furnishings Group Co Interest Expense Historical Data

The historical data trend for QuMei Home Furnishings Group 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.

QuMei Home Furnishings Group Co Interest Expense Chart

QuMei Home Furnishings Group 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 -293.17 -261.12 -13.55 -251.04 -312.91

QuMei Home Furnishings Group 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 -94.84 -66.84 -82.51 -68.72 -80.91

QuMei Home Furnishings Group 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 ¥-299 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.

QuMei Home Furnishings Group Co  (SHSE:603818) 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.

QuMei Home Furnishings Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-81 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-13 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥2,666 Mil.

QuMei Home Furnishings Group Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

QuMei Home Furnishings Group 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. QuMei Home Furnishings Group Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

QuMei Home Furnishings Group Co (SHSE:603818) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » QuMei Home Furnishings Group Co Ltd (SHSE:603818) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 51, Wangjing North Road, Building 8, Chaoyang District, Beijing, CHN, 100102
Website
http://www.qumei.com
QuMei Home Furnishings Group Co Ltd is mainly engaged in the design, production, and sales of medium and high-end civilian furniture and supporting household products, providing consumers with a whole home. It offers wooden furniture including solid wood furniture, man-made board furniture, and integrated furniture. Its products are divided into custom furniture, finished furniture and home accessories by category, divided into solid wood and board wood according to materials.

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