Xuzhou Zm-Besta Heavy Steel Structure Co (BJSE:835857) Interest Expense : ¥-14.8 Mil (TTM As of Mar. 2024)

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What is Xuzhou Zm-Besta Heavy Steel Structure Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Xuzhou Zm-Besta Heavy Steel Structure Co's interest expense for the three months ended in Mar. 2024 was ¥ -3.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-14.8 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. Xuzhou Zm-Besta Heavy Steel Structure Co's Operating Income for the three months ended in Mar. 2024 was ¥ 3.3 Mil. Xuzhou Zm-Besta Heavy Steel Structure Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -3.9 Mil. Xuzhou Zm-Besta Heavy Steel Structure Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.85. 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.

Xuzhou Zm-Besta Heavy Steel Structure Co Interest Expense Historical Data

The historical data trend for Xuzhou Zm-Besta Heavy Steel Structure 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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Xuzhou Zm-Besta Heavy Steel Structure Co Interest Expense Chart

Xuzhou Zm-Besta Heavy Steel Structure Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-12.56

-10.68

-14.96

-16.33

-14.68

Xuzhou Zm-Besta Heavy Steel Structure Co Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-3.76	-3.86	-3.74	-3.33	-3.87

Xuzhou Zm-Besta Heavy Steel Structure 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 ¥-14.8 Mil.

Xuzhou Zm-Besta Heavy Steel Structure Co (BJSE:835857) 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.

Xuzhou Zm-Besta Heavy Steel Structure Co's Interest Expense for the three months ended in Mar. 2024 was ¥-3.9 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥3.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥4.5 Mil.

Xuzhou Zm-Besta Heavy Steel Structure 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	*	3.276	/	-3.871
	=	0.85

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

Xuzhou Zm-Besta Heavy Steel Structure Co (BJSE:835857) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Xuzhou Zm-Besta Heavy Steel Structure Co Ltd (BJSE:835857) » Definitions » Interest Expense

Traded in Other Exchanges

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Address

North of Huanghe Road and west of Beizong 1st Road, In the Third Industrial Park, Tongshan New District, Jiangsu Province, Xuzhou City, CHN, 221116

Website

http://www.zmbesta.com

Xuzhou Zm-Besta Heavy Steel Structure Co Ltd engages in the manufacture and processing of steel structure products such as heavy steel structures, light steel structures, steel grid frames, steel trusses, non-standard equipment, PC components, and lightweight high-strength new interior and exterior wall panels for prefabricated steel structure buildings, and provide customers with integrated solutions for industrial steel structure buildings and prefabricated steel structure.

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