Qingdao Taide Automobile Bearing Co (BJSE:831278) Interest Expense : ¥-2.1 Mil (TTM As of Mar. 2025)

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What is Qingdao Taide Automobile Bearing Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Qingdao Taide Automobile Bearing Co's interest expense for the three months ended in Mar. 2025 was ¥ -0.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2025 was ¥-2.1 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. Qingdao Taide Automobile Bearing Co's Operating Income for the three months ended in Mar. 2025 was ¥ 7.1 Mil. Qingdao Taide Automobile Bearing Co's Interest Expense for the three months ended in Mar. 2025 was ¥ -0.6 Mil. Qingdao Taide Automobile Bearing Co's Interest Coverage for the quarter that ended in Mar. 2025 was 11.26. 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.

Qingdao Taide Automobile Bearing Co Interest Expense Historical Data

The historical data trend for Qingdao Taide Automobile Bearing 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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Qingdao Taide Automobile Bearing Co Interest Expense Chart

Qingdao Taide Automobile Bearing Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

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Dec22

Dec23

Dec24

Interest Expense

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-2.06

-1.26

-1.61

-1.56

-1.68

Qingdao Taide Automobile Bearing Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Expense	Get a 7-Day Free Trial															-0.20	-0.29	-0.33	-0.87	-0.63

Qingdao Taide Automobile Bearing 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. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-2.1 Mil.

Qingdao Taide Automobile Bearing Co (BJSE:831278) 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.

Qingdao Taide Automobile Bearing Co's Interest Expense for the three months ended in Mar. 2025 was ¥-0.6 Mil. Its Operating Income for the three months ended in Mar. 2025 was ¥7.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2025 was ¥45.4 Mil.

Qingdao Taide Automobile Bearing Co's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	7.138	/	-0.634
	=	11.26

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

Qingdao Taide Automobile Bearing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Qingdao Taide Automobile Bearing Co Ltd (BJSE:831278) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 10 Xinghua Road, Licang District, Shandong Province, Qingdao City, CHN, 266041

Website

http://www.qdtaide.com

Qingdao Taide Automobile Bearing Co Ltd engages in the manufacturing and sales of high-precision special bearings for automobiles. It mainly produces high-quality automotive engine gear with specially used bearings: Automobile Air-condition compressor electromagnetic clutch bearing, tension bearing and unit for automotive engine, idler bearing, and unit, automotive engine intelligence fan clutch bearing, automotive silicone oil fan clutch bearing, automotive water pump bearing, precision bearing used in automotive engine auxiliary device, mower bearing.

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