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Wuxi Dingbang Heat Exchange Equipment Co (BJSE:872931) Interest Expense : ¥-5.5 Mil (TTM As of Mar. 2024)


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What is Wuxi Dingbang Heat Exchange Equipment Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wuxi Dingbang Heat Exchange Equipment Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-5.5 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. Wuxi Dingbang Heat Exchange Equipment Co's Operating Income for the three months ended in Mar. 2024 was ¥ 14.2 Mil. Wuxi Dingbang Heat Exchange Equipment Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.9 Mil. Wuxi Dingbang Heat Exchange Equipment Co's Interest Coverage for the quarter that ended in Mar. 2024 was 15.22. 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.

Wuxi Dingbang Heat Exchange Equipment Co Interest Expense Historical Data

The historical data trend for Wuxi Dingbang Heat Exchange Equipment 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.

* Premium members only.

Wuxi Dingbang Heat Exchange Equipment Co Interest Expense Chart

Wuxi Dingbang Heat Exchange Equipment Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -4.64 -4.00 -2.84 -3.14 -3.66

Wuxi Dingbang Heat Exchange Equipment Co Quarterly Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.76 -0.88 -2.67 -1.00 -0.93

Wuxi Dingbang Heat Exchange Equipment 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 ¥-5.5 Mil.

* 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.

Wuxi Dingbang Heat Exchange Equipment Co  (BJSE:872931) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Wuxi Dingbang Heat Exchange Equipment Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.9 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥14.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥50.0 Mil.

Wuxi Dingbang Heat Exchange Equipment 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*14.218/-0.934
=15.22

* 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.

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

Wuxi Dingbang Heat Exchange Equipment Co (BJSE:872931) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Dingbang Heat Exchange Equipment Co Ltd (BJSE:872931) » Definitions » Interest Expense
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Address
Houshan South Road, No. 29, Anzhen Town, Xishan District, Jiangsu Province, Wuxi City, CHN, 214104
Website
http://www.ding-bang.com.cn
Wuxi Dingbang Heat Exchange Equipment Co Ltd is engaged in research and development, design, manufacturing and sales of special heat exchange equipment for oil refining and chemical industry. Its products includes various tube heat exchangers, spiral baffle heat exchangers, air-cooled heat exchangers (air coolers), plate-bundle heat exchangers and A2 pressure vessels, as well as planetary differential start of oil extraction machines.

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