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Hangzhou Great Star Industrial Co (SZSE:002444) Interest Expense : ¥-90 Mil (TTM As of Mar. 2024)


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What is Hangzhou Great Star Industrial Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hangzhou Great Star Industrial Co's interest expense for the three months ended in Mar. 2024 was ¥ -21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-90 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. Hangzhou Great Star Industrial Co's Operating Income for the three months ended in Mar. 2024 was ¥ 531 Mil. Hangzhou Great Star Industrial Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -21 Mil. Hangzhou Great Star Industrial Co's Interest Coverage for the quarter that ended in Mar. 2024 was 25.06. 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.

Hangzhou Great Star Industrial Co Interest Expense Historical Data

The historical data trend for Hangzhou Great Star Industrial 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.

Hangzhou Great Star Industrial Co Interest Expense Chart

Hangzhou Great Star Industrial 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 -48.68 -69.92 -59.75 -102.12 -84.77

Hangzhou Great Star Industrial 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 -16.12 -21.54 -19.33 -27.78 -21.18

Hangzhou Great Star Industrial 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 ¥-90 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.

Hangzhou Great Star Industrial Co  (SZSE:002444) 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.

Hangzhou Great Star Industrial Co's Interest Expense for the three months ended in Mar. 2024 was ¥-21 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥531 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥276 Mil.

Hangzhou Great Star Industrial 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*530.776/-21.179
=25.06

* 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.

Hangzhou Great Star Industrial Co (SZSE:002444) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Great Star Industrial Co Ltd (SZSE:002444) » Definitions » Interest Expense
Comparable Companies
SZSE:301029 SZSE:002791 SZSE:300475 SHSE:600366 SHSE:603667 SZSE:002843 SHSE:688059 SHSE:605056 SHSE:688308 SZSE:002150 HKSE:00669 SNA SWK LECO TTC OSTO:SKF B TSE:6586 RBC TKR TSE:9962
Traded in Other Exchanges
N/A
Address
No.35 Jiuhuan Road, Shangcheng District, Zhejiang, Hangzhou, CHN, 310019
Website
http://www.greatstartools.com
Hangzhou Great Star Industrial Co Ltd is a developer, manufacturer, and supplier of tools, the company is a hand tool vendor in Asia. Its products include Hand tools; Specialty tools like drywall tools, masonry tools, painting tools, tile tools, electrical tools, plumbing tools, automotive tools, Garden tools; Power tools, Tool sets, Flashlights.

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