Tianjin Jinrong Tianyu Precision Machinery (SZSE:300988) Interest Expense : ¥-9 Mil (TTM As of Mar. 2024)

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What is Tianjin Jinrong Tianyu Precision Machinery Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tianjin Jinrong Tianyu Precision Machinery's interest expense for the three months ended in Mar. 2024 was ¥ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-9 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. Tianjin Jinrong Tianyu Precision Machinery's Operating Income for the three months ended in Mar. 2024 was ¥ 30 Mil. Tianjin Jinrong Tianyu Precision Machinery's Interest Expense for the three months ended in Mar. 2024 was ¥ -4 Mil. Tianjin Jinrong Tianyu Precision Machinery's Interest Coverage for the quarter that ended in Mar. 2024 was 7.99. 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.

Tianjin Jinrong Tianyu Precision Machinery Interest Expense Historical Data

The historical data trend for Tianjin Jinrong Tianyu Precision Machinery'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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Tianjin Jinrong Tianyu Precision Machinery Interest Expense Chart

Tianjin Jinrong Tianyu Precision Machinery Annual Data

Trend

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-22.00

-9.83

-5.78

-5.52

-9.58

Tianjin Jinrong Tianyu Precision Machinery Quarterly Data
	Mar19	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															-1.44	-0.79	-	-4.68	-3.76

Tianjin Jinrong Tianyu Precision Machinery 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 ¥-9 Mil.

Tianjin Jinrong Tianyu Precision Machinery (SZSE:300988) 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.

Tianjin Jinrong Tianyu Precision Machinery's Interest Expense for the three months ended in Mar. 2024 was ¥-4 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥30 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥96 Mil.

Tianjin Jinrong Tianyu Precision Machinery'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	*	30.056	/	-3.763
	=	7.99

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

Tianjin Jinrong Tianyu Precision Machinery (SZSE:300988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tianjin Jinrong Tianyu Precision Machinery Inc (SZSE:300988) » Definitions » Interest Expense

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Address

No. 3, Haitai Chuangxin 4th Road, Huayuan Industrial Zone, Tianjin, CHN, 300384

Website

http://www.tjjinrong.com

Tianjin Jinrong Tianyu Precision Machinery Co Ltd is engaged in the research and development, production and sales of precision metal molds and related parts.

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