Ningbo David Medical Device Co (SZSE:300314) Interest Expense : ¥-0.6 Mil (TTM As of Mar. 2024)

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What is Ningbo David Medical Device Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ningbo David Medical Device Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-0.6 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. Ningbo David Medical Device Co's Operating Income for the three months ended in Mar. 2024 was ¥ 45.0 Mil. Ningbo David Medical Device Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.1 Mil. Ningbo David Medical Device Co's Interest Coverage for the quarter that ended in Mar. 2024 was 338.34. 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.

Ningbo David Medical Device Co Interest Expense Historical Data

The historical data trend for Ningbo David Medical Device 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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Ningbo David Medical Device Co Interest Expense Chart

Ningbo David Medical Device Co Annual Data

Trend

Dec14

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Dec16

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Dec23

Interest Expense

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-0.29

-0.26

-0.03

-0.35

-0.60

Ningbo David Medical Device 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															-0.16	-0.16	-0.14	-0.15	-0.13

Ningbo David Medical Device 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 ¥-0.6 Mil.

Ningbo David Medical Device Co (SZSE:300314) 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.

Ningbo David Medical Device Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥45.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥9.1 Mil.

Ningbo David Medical Device 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	*	44.999	/	-0.133
	=	338.34

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Ningbo David Medical Device Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Ningbo David Medical Device Co (SZSE:300314) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Ningbo David Medical Device Co Ltd (SZSE:300314) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.35, Jinxing Road, Binhai Industry Park, Ningbo, CHN, 315712

Website

http://www.nbdavid.com

Ningbo David Medical Device Co Ltd operates in the medical device industry. The company specializes in an independent research and development, production and distribution of medical equipment. The main products of the company are infant incubator, transport incubator, infant radiant warmer, neonate bilirubin phototherapy equipment and infant resuscitator.

Executives

Ma Jian Min	Executives
Chen Zai Hong	Directors, executives
Chen Yun Qin	Director
Mao Tian Yi	Executives
Li Ze Dong	Directors, Directors, and Executives
Lin Ding Yu	Executives
Yu Yong Wei	Directors, executives
Wang Yao	Independent director
Xu Fang Fang	Director

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