Shanghai Zhenhua Heavy Industries Co (SHSE:900947) Interest Expense : $-137 Mil (TTM As of Mar. 2024)

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What is Shanghai Zhenhua Heavy Industries Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Zhenhua Heavy Industries Co's interest expense for the three months ended in Mar. 2024 was $ -37 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-137 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. Shanghai Zhenhua Heavy Industries Co's Operating Income for the three months ended in Mar. 2024 was $ 56 Mil. Shanghai Zhenhua Heavy Industries Co's Interest Expense for the three months ended in Mar. 2024 was $ -37 Mil. Shanghai Zhenhua Heavy Industries Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.53. 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.

Shanghai Zhenhua Heavy Industries Co Interest Expense Historical Data

The historical data trend for Shanghai Zhenhua Heavy Industries 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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Shanghai Zhenhua Heavy Industries Co Interest Expense Chart

Shanghai Zhenhua Heavy Industries Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-242.71

-205.41

-171.83

-148.93

-135.27

Shanghai Zhenhua Heavy Industries 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															-35.23	-39.48	-29.47	-31.55	-36.67

Shanghai Zhenhua Heavy Industries 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 $-137 Mil.

Shanghai Zhenhua Heavy Industries Co (SHSE:900947) 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.

Shanghai Zhenhua Heavy Industries Co's Interest Expense for the three months ended in Mar. 2024 was $-37 Mil. Its Operating Income for the three months ended in Mar. 2024 was $56 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2,474 Mil.

Shanghai Zhenhua Heavy Industries 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	*	55.992	/	-36.671
	=	1.53

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. Shanghai Zhenhua Heavy Industries Co Ltd interest coverage is 1.98, which is low.

Shanghai Zhenhua Heavy Industries Co (SHSE:900947) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Zhenhua Heavy Industries Co Ltd (SHSE:900947) » Definitions » Interest Expense

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600320:China

Address

No.3470, Pudong South Road, Shanghai, CHN, 200125

Website

http://www.zpmc.com

Shanghai Zhenhua Heavy Industries Co Ltd manufactures heavy equipment and offers product design and aftermarket services. It constructs large port loading systems and equipment, offshore heavy equipment, engineering machinery, ships, and other large structures. In addition, the company offers environment-friendly devices, including wind power, sea water desalination, sewage treatment, and recycling equipment. Research centers and technologies help meet customers' needs, and provide innovative solutions to enhance operational performance. Offices with regional parts are scattered across the globe to supply timely responses and support preventive maintenance. The majority of total revenue comes from Asia, but the company has diversified operations to several continents.

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