Sany Heavy Industry Co (SHSE:600031) Interest Expense : ¥-1,012 Mil (TTM As of Sep. 2023)

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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 Sep. 2023 was ¥ -246 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ¥-1,012 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 Sep. 2023 was ¥ 1,275 Mil. Sany Heavy Industry Co's Interest Expense for the three months ended in Sep. 2023 was ¥ -246 Mil. Sany Heavy Industry Co's Interest Coverage for the quarter that ended in Sep. 2023 was 5.19. 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.

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Sany Heavy Industry Co Interest Expense Chart

Sany Heavy Industry Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-563.52

-557.16

-434.66

-281.83

-624.87

Sany Heavy Industry Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-176.06	-236.54	-251.58	-278.32	-245.69

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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-1,012 Mil.

Sany Heavy Industry Co (SHSE:600031) 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.

Sany Heavy Industry Co's Interest Expense for the three months ended in Sep. 2023 was ¥-246 Mil. Its Operating Income for the three months ended in Sep. 2023 was ¥1,275 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was ¥22,276 Mil.

Sany Heavy Industry Co's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	1274.829	/	-245.69
	=	5.19

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

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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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