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Sany Heavy Industry Co (SHSE:600031) Interest Expense : ¥-981 Mil (TTM As of Mar. 2024)


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What is Sany Heavy Industry Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sany Heavy Industry Co's interest expense for the three months ended in Mar. 2024 was ¥ -219 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-981 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. Sany Heavy Industry Co's Operating Income for the three months ended in Mar. 2024 was ¥ 1,921 Mil. Sany Heavy Industry Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -219 Mil. Sany Heavy Industry Co's Interest Coverage for the quarter that ended in Mar. 2024 was 8.76. 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.

Sany Heavy Industry Co Interest Expense Historical Data

The historical data trend for Sany Heavy Industry 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.

* Premium members only.

Sany Heavy Industry Co Interest Expense Chart

Sany Heavy Industry Co 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 -557.16 -434.66 -281.83 -624.87 -1,013.55

Sany Heavy Industry 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 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 -251.58 -278.32 -245.69 -237.96 -219.35

Sany Heavy Industry 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 ¥-981 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.

Sany Heavy Industry Co  (SHSE:600031) 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.

Sany Heavy Industry Co's Interest Expense for the three months ended in Mar. 2024 was ¥-219 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥1,921 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥22,352 Mil.

Sany Heavy Industry 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*1921.236/-219.354
=8.76

* 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.

Sany Heavy Industry Co (SHSE:600031) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sany Heavy Industry Co Ltd (SHSE:600031) » Definitions » Interest Expense
Comparable Companies
SZSE:000425 SZSE:000157 SHSE:600066 SHSE:603338 SHSE:600582 SHSE:601717 SHSE:603298 SZSE:000528 SZSE:000951 SHSE:600761 CAT DE PCAR OSTO:VOLV A XTER:DTG TSE:6201 TSE:6301 XAMS:EXO OSTO:EPI A TSE:6326
Traded in Other Exchanges
N/A
Address
SANY Industrial Park, Economic and Technological Development Zone, Hunan, Changsha, CHN, 410100
Website
http://www.sanyglobal.com
Sany is a leading construction machinery manufacturer in China and is one of the top 10 in the world in terms of revenue. Its products range from concrete and crane machinery to excavator, road construction, piling machinery, and others. Following its acquisition of Putzmeister in 2012, it strengthened its position in the concrete machinery space globally as one of the leading concrete pumps manufacturers. It is also the largest excavator manufacturer in China with 21% market share in 2017. China accounted for around 70% of its revenue in 2019, while the rest comes from overseas markets.

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