Zhejiang Supor Co (SZSE:002032) Interest Expense : ¥-15 Mil (TTM As of Mar. 2024)

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What is Zhejiang Supor Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhejiang Supor Co's interest expense for the three months ended in Mar. 2024 was ¥ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-15 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 Supor Co's Operating Income for the three months ended in Mar. 2024 was ¥ 529 Mil. Zhejiang Supor Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -3 Mil. Zhejiang Supor Co's Interest Coverage for the quarter that ended in Mar. 2024 was 178.13. 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 Supor Co Interest Expense Historical Data

The historical data trend for Zhejiang Supor 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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Zhejiang Supor Co Interest Expense Chart

Zhejiang Supor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.05

-0.13

-10.08

-9.28

-14.34

Zhejiang Supor 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															-2.77	-4.43	-3.98	-3.16	-2.97

Zhejiang Supor 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 ¥-15 Mil.

Zhejiang Supor Co (SZSE:002032) 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 Supor Co's Interest Expense for the three months ended in Mar. 2024 was ¥-3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥529 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥159 Mil.

Zhejiang Supor 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	*	529.05	/	-2.97
	=	178.13

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Zhejiang Supor Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Zhejiang Supor Co (SZSE:002032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zhejiang Supor Co Ltd (SZSE:002032) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

No. 1772 Jianghui Road, Supor Tower, 17th Floor, Dahuayu Economic Development Zone, Zhejiang Province, Hangzhou, Yuhuan, CHN, 310051

Website

http://www.supor.com.cn

Zhejiang Supor Co Ltd operates in the cookware and electric kitchen appliance industries in China. The products offered by the company are cookware, pressure cookers, steam irons and steam ironing machine, electric kettles, steam cookers, food processors, toasters, electric deep fryers, bread makers and indoor grill. The organization sells its products in China and internationally.

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