Huali Industrial Group Co (SZSE:300979) Interest Expense : ¥-71 Mil (TTM As of Dec. 2023)

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What is Huali Industrial Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Huali Industrial Group Co's interest expense for the three months ended in Dec. 2023 was ¥ -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ¥-71 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. Huali Industrial Group Co's Operating Income for the three months ended in Dec. 2023 was ¥ 1,251 Mil. Huali Industrial Group Co's Interest Expense for the three months ended in Dec. 2023 was ¥ -12 Mil. Huali Industrial Group Co's Interest Coverage for the quarter that ended in Dec. 2023 was 101.00. 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.

Huali Industrial Group Co Interest Expense Historical Data

The historical data trend for Huali Industrial Group 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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Huali Industrial Group Co Interest Expense Chart

Huali Industrial Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-626.20

-51.87

-37.28

-67.76

-71.10

Huali Industrial Group Co Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-13.82	-16.96	-19.45	-22.30	-12.38

Huali Industrial Group 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-71 Mil.

Huali Industrial Group Co (SZSE:300979) 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.

Huali Industrial Group Co's Interest Expense for the three months ended in Dec. 2023 was ¥-12 Mil. Its Operating Income for the three months ended in Dec. 2023 was ¥1,251 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ¥107 Mil.

Huali Industrial Group Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1250.533	/	-12.381
	=	101.00

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. Huali Industrial Group Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Huali Industrial Group Co (SZSE:300979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Huali Industrial Group Co Ltd (SZSE:300979) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

No. 2, Shijiyi Road, 1st Floor, Building 3, Torch Development Zone, Guangdong Province, Zhongshan, CHN, 528437

Website

http://www.huali-group.com

Huali Industrial Group Co Ltd is engaged in the development, design, production and sales of sports shoes. It is a manufacturer of sports shoes, mainly Nike, Converse, Vans, Puma, UGG, Columbia, Under Armour, HOKA ONE ONE And other world-renowned sports brands provide development, design and manufacturing services.

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