Haibo Heavy Engineering Science and Technology Co (SZSE:300517) Interest Expense : ¥-6.8 Mil (TTM As of Mar. 2024)

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What is Haibo Heavy Engineering Science and Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Haibo Heavy Engineering Science and Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -2.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-6.8 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. Haibo Heavy Engineering Science and Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 5.8 Mil. Haibo Heavy Engineering Science and Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -2.2 Mil. Haibo Heavy Engineering Science and Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.67. 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.

Haibo Heavy Engineering Science and Technology Co Interest Expense Historical Data

The historical data trend for Haibo Heavy Engineering Science and Technology 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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Haibo Heavy Engineering Science and Technology Co Interest Expense Chart

Haibo Heavy Engineering Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

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Dec23

Interest Expense

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-1.35

-2.12

-12.06

-9.80

-8.82

Haibo Heavy Engineering Science and Technology 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															-2.45	-2.45	-1.17	-0.98	-2.16

Haibo Heavy Engineering Science and Technology 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 ¥-6.8 Mil.

Haibo Heavy Engineering Science and Technology Co (SZSE:300517) 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.

Haibo Heavy Engineering Science and Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-2.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥5.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥140.3 Mil.

Haibo Heavy Engineering Science and Technology 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	*	5.765	/	-2.158
	=	2.67

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

Haibo Heavy Engineering Science and Technology Co (SZSE:300517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Haibo Heavy Engineering Science and Technology Co Ltd (SZSE:300517) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 6 Jinqiao Industrial Park, Zhengdian Street, Jiangxia District, Hubei Province, Wuhan, CHN, 430207

Website

http://www.haiod.com

Haibo Heavy Engineering Science and Technology Co Ltd is a China-based firm. It manufactures and installs steel bridges. It is engaged in the steel engineering business. Its also involved in the installation of steel bridge and the welding of the bridge.

Executives

Xu Wei Min	Executives
Liu Qian Jun	Directors, executives
Song Xiong Wen	Directors, executives
Zhang Hai Bo	Director
Le Rong Jun	Supervisors

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