Loncin Motor Co (SHSE:603766) Interest Expense : ¥-28 Mil (TTM As of Sep. 2023)

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What is Loncin Motor Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Loncin Motor Co's interest expense for the three months ended in Sep. 2023 was ¥ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ¥-28 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. Loncin Motor Co's Operating Income for the three months ended in Sep. 2023 was ¥ 293 Mil. Loncin Motor Co's Interest Expense for the three months ended in Sep. 2023 was ¥ -8 Mil. Loncin Motor Co's Interest Coverage for the quarter that ended in Sep. 2023 was 35.25. 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.

Loncin Motor Co Interest Expense Historical Data

The historical data trend for Loncin Motor 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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Loncin Motor Co Interest Expense Chart

Loncin Motor Co Annual Data

Trend

Dec13

Dec14

Dec15

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Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-22.42

-20.04

-35.48

-25.32

-19.21

Loncin Motor 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															-6.52	-7.34	-6.53	-5.81	-8.31

Loncin Motor 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 ¥-28 Mil.

Loncin Motor Co (SHSE:603766) 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.

Loncin Motor Co's Interest Expense for the three months ended in Sep. 2023 was ¥-8 Mil. Its Operating Income for the three months ended in Sep. 2023 was ¥293 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was ¥321 Mil.

Loncin Motor 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	*	292.977	/	-8.311
	=	35.25

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

Loncin Motor Co (SHSE:603766) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Loncin Motor Co Ltd (SHSE:603766) » Definitions » Interest Expense

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Address

No.116 Juye Road, C Area of Jiulong Industrial Park, Jiulongpo District, Chongqing, CHN, 400052

Website

http://www.loncinindustries.com

Loncin Motor Co Ltd is a China-based company engaged in manufacturing recreational vehicles, light-duty power units, engines and engine parts, and farm machinery. It is also involved in the development and incubation of burgeoning businesses with core technology of internal combustion engine as the platform.

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