Zhuhai Painter Technology Co (BJSE:836871) Interest Expense : ¥-0.4 Mil (TTM As of Sep. 2024)

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What is Zhuhai Painter Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhuhai Painter Technology Co's interest expense for the three months ended in Sep. 2024 was ¥ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-0.4 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. Zhuhai Painter Technology Co's Operating Income for the three months ended in Sep. 2024 was ¥ 11.8 Mil. Zhuhai Painter Technology Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -0.1 Mil. Zhuhai Painter Technology Co's Interest Coverage for the quarter that ended in Sep. 2024 was 155.07. 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.

Zhuhai Painter Technology Co Interest Expense Historical Data

The historical data trend for Zhuhai Painter Technology 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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Zhuhai Painter Technology Co Interest Expense Chart

Zhuhai Painter Technology Co Annual Data

Trend

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Interest Expense

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-0.02

-0.01

Zhuhai Painter Technology Co Quarterly Data
	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-	-0.30	-	-0.02	-0.08

Zhuhai Painter Technology 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-0.4 Mil.

Zhuhai Painter Technology Co (BJSE:836871) 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.

Zhuhai Painter Technology Co's Interest Expense for the three months ended in Sep. 2024 was ¥-0.1 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥11.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥9.8 Mil.

Zhuhai Painter Technology Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	11.785	/	-0.076
	=	155.07

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. Zhuhai Painter Technology Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Zhuhai Painter Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Zhuhai Painter Technology Co Ltd (BJSE:836871) » Definitions » Interest Expense

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Address

No. 8, Chuangye Middle Road, Shuanglin Area, Liangang Industrial Zone, Jinwan District, Guangdong Province, Zhuhai City, CHN

Website

http://www.w-painter.com

Zhuhai Painter Technology Co Ltd engages in research and development, production and sales of industrial hoses and assemblies, and modified engineering plastics. Its product portfolio comprises pressure (brake) nylon tubes, high-pressure hoses, Teflon hose resin, high precision pressure hoses, air conditioning refrigerant pipe, high-pressure hydraulic hoses (assembly design and production), hydraulic hose assembly, transition joints and other accessories, modified engineering plastics products. The company's products are widely used in various industrial mother machines, wind power industry, automobile industry, construction machinery, water conservancy, metallurgical machinery, lifting machinery, construction spraying machinery, unmanned aerial vehicles, and other industries or fields.

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