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Changzhou Nrb (SZSE:002708) Interest Expense : ¥-35 Mil (TTM As of Mar. 2024)


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What is Changzhou Nrb Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Changzhou Nrb's interest expense for the three months ended in Mar. 2024 was ¥ -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-35 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. Changzhou Nrb's Operating Income for the three months ended in Mar. 2024 was ¥ 32 Mil. Changzhou Nrb's Interest Expense for the three months ended in Mar. 2024 was ¥ -12 Mil. Changzhou Nrb's Interest Coverage for the quarter that ended in Mar. 2024 was 2.73. 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.

Changzhou Nrb Interest Expense Historical Data

The historical data trend for Changzhou Nrb'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.

Changzhou Nrb Interest Expense Chart

Changzhou Nrb 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 -14.97 -11.72 -11.68 -18.95 -29.85

Changzhou Nrb 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 -6.09 -8.49 -3.53 -11.74 -11.71

Changzhou Nrb 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 ¥-35 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.

Changzhou Nrb  (SZSE:002708) 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.

Changzhou Nrb's Interest Expense for the three months ended in Mar. 2024 was ¥-12 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥32 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥33 Mil.

Changzhou Nrb'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*31.951/-11.711
=2.73

* 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.

Changzhou Nrb (SZSE:002708) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Changzhou Nrb Corp (SZSE:002708) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No.52 Hanjiang Road, New Hi-Tech District, Jiangsu, Changzhou, CHN, 213022
Website
http://www.nrb.com.cn
Changzhou Nrb Corp is engaged in the research and development, manufacturing and sales of high precision and high-reliability products like precision bearings, synchronizers, planetary platoons, and precision forgings. Its products are needle roller bearing, roller bearing, clutch release bearing, and hub bearing which are mainly applied to assemblies like automotive transmission, clutch, heavy truck axle, and hub.
Executives
Cheng Shang Nan Director
Zhang Jian Gang Executives
Weng Jun Executives
Wu Chao Yang Directors, executives
Zheng Wei Qiang Directors, Directors, and Executives
Li Shu Hua Director
Huang Xing Hua Executives
Shen Ya Jun Executives
Yao Jian Ping Supervisors
Xu Jian Feng Supervisors
Cheng Shang Bai Directors, executives
Cheng Xiao Su Director

Changzhou Nrb (SZSE:002708) Headlines

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