Hebei Yichen Industrial Group (HKSE:01596) Interest Expense : HK$-20 Mil (TTM As of Dec. 2023)

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What is Hebei Yichen Industrial Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hebei Yichen Industrial Group's interest expense for the six months ended in Dec. 2023 was HK$ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-20 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. Hebei Yichen Industrial Group's Operating Income for the six months ended in Dec. 2023 was HK$ 99 Mil. Hebei Yichen Industrial Group's Interest Expense for the six months ended in Dec. 2023 was HK$ -9 Mil. Hebei Yichen Industrial Group's Interest Coverage for the quarter that ended in Dec. 2023 was 10.50. 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.

Hebei Yichen Industrial Group Interest Expense Historical Data

The historical data trend for Hebei Yichen Industrial Group'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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Hebei Yichen Industrial Group Interest Expense Chart

Hebei Yichen Industrial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-9.33

-17.33

-19.36

-23.58

-20.41

Hebei Yichen Industrial Group Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-9.63	-10.63	-13.46	-10.97	-9.45

Hebei Yichen Industrial Group 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-20 Mil.

Hebei Yichen Industrial Group (HKSE:01596) 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.

Hebei Yichen Industrial Group's Interest Expense for the six months ended in Dec. 2023 was HK$-9 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$99 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$164 Mil.

Hebei Yichen Industrial Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	99.159	/	-9.445
	=	10.50

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

Hebei Yichen Industrial Group (HKSE:01596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hebei Yichen Industrial Group Corp Ltd (HKSE:01596) » Definitions » Interest Expense

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HE2:Germany

Address

No. 1 Yichen North Street, Gaocheng District, Hebei Province, Shijiazhuang, CHN

Website

http://www.hbyc.com.cn

Hebei Yichen Industrial Group Corp Ltd is one of the leading rail fastening system providers in the PRC, with the business focusing on three business segments namely Rail Fastening System Products; Welding Wire Products; and Railway Sleeper Products. Its maximum revenue is generated by the Rail fastening system segment. Some of its product includes the Spring bar type IV fastener system; the WJ-7 type fastener system; the DT-VI2 fastener system; Double-layer nonlinear shock-absorbing fastener system; the Spring bar II type fastener system and others.

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