Zhejiang He Chuan Technology (SHSE:688320) Interest Expense

: ¥-4 Mil (TTM As of Sep. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhejiang He Chuan Technology's interest expense for the three months ended in Sep. 2023 was ¥ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ¥-4 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. Zhejiang He Chuan Technology's Operating Income for the three months ended in Sep. 2023 was ¥ 15 Mil. Zhejiang He Chuan Technology's Interest Expense for the three months ended in Sep. 2023 was ¥ -1 Mil. Zhejiang He Chuan Technology's Interest Coverage for the quarter that ended in Sep. 2023 was 15.38. 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.

Zhejiang He Chuan Technology Interest Expense Historical Data

The historical data trend for Zhejiang He Chuan Technology'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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Zhejiang He Chuan Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

-0.90

-0.24

-0.14

-0.16

-1.25

Zhejiang He Chuan Technology Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense											-	-0.48	-1.10	-1.55	-0.96

Zhejiang He Chuan Technology 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 ¥-4 Mil.

Zhejiang He Chuan Technology (SHSE:688320) 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.

Zhejiang He Chuan Technology's Interest Expense for the three months ended in Sep. 2023 was ¥-1 Mil. Its Operating Income for the three months ended in Sep. 2023 was ¥15 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was ¥6 Mil.

Zhejiang He Chuan Technology'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	*	14.792	/	-0.962
	=	15.38

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

Zhejiang He Chuan Technology (SHSE:688320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhejiang He Chuan Technology Corp Ltd (SHSE:688320) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, Fucai Road, Longyou Industrial Park, Zhejiang Province, Quzhou, CHN, 324400

Website

https://www.hcfa.cn

Zhejiang He Chuan Technology Corp Ltd is engaged in the research and development, production, sales and application integration of industrial automation products.

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