Gifore Agricultural Science & Technology Service Co (SZSE:300022) Interest Expense : ¥-17 Mil (TTM As of Mar. 2024)

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What is Gifore Agricultural Science & Technology Service Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gifore Agricultural Science & Technology Service Co's interest expense for the three months ended in Mar. 2024 was ¥ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-17 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. Gifore Agricultural Science & Technology Service Co's Operating Income for the three months ended in Mar. 2024 was ¥ 21 Mil. Gifore Agricultural Science & Technology Service Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -3 Mil. Gifore Agricultural Science & Technology Service Co's Interest Coverage for the quarter that ended in Mar. 2024 was 7.74. 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.

Gifore Agricultural Science & Technology Service Co Interest Expense Historical Data

The historical data trend for Gifore Agricultural Science & Technology Service 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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Gifore Agricultural Science & Technology Service Co Interest Expense Chart

Gifore Agricultural Science & Technology Service Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-76.10

-57.90

-52.36

-41.98

-25.20

Gifore Agricultural Science & Technology Service 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															-10.83	-8.93	-0.91	-4.52	-2.66

Gifore Agricultural Science & Technology Service 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 ¥-17 Mil.

Gifore Agricultural Science & Technology Service Co (SZSE:300022) 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.

Gifore Agricultural Science & Technology Service Co's Interest Expense for the three months ended in Mar. 2024 was ¥-3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥21 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥8 Mil.

Gifore Agricultural Science & Technology Service 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	*	20.57	/	-2.656
	=	7.74

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

Gifore Agricultural Science & Technology Service Co (SZSE:300022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Gifore Agricultural Science & Technology Service Co (SZSE:300022) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No.219, Gangtong North 2nd Road, Chengdu Modern Industrial Port, Sichuan, Chengdu, CHN, 611743

Website

http://www.gifore.com

Gifore Agricultural Machinery Chain Co Ltd operates in the agricultural machinery circulation industry. The business of the company includes sales and service of equipment, agricultural light trucks, and rural general mechanical and electrical.

Executives

Wang Hong Yan	Director
Wang Xin Ming	Directors, executives
He Zhi Wen	Director
Li Yu Ying	Supervisors
Ceng Chen Dong	Directors, executives
Zhao Ze Liang	Directors, executives
Zheng Ge	Directors, executives
Chen De	Supervisors
Ren Dan Hua	Director
Diao Hai Lei	Executives
Huang Xiao Li	Supervisors
Lai Han	Director
Zhang Li Shang	Director

Gifore Agricultural Science & Technology Service Co (SZSE:300022) Headlines

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