HSHCY (Haier Smart Home Co) Interest Expense : $-378 Mil (TTM As of Dec. 2024)

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What is Haier Smart Home Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Haier Smart Home Co's interest expense for the three months ended in Dec. 2024 was $ -122 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-378 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. Haier Smart Home Co's Operating Income for the three months ended in Dec. 2024 was $ 757 Mil. Haier Smart Home Co's Interest Expense for the three months ended in Dec. 2024 was $ -122 Mil. Haier Smart Home Co's Interest Coverage for the quarter that ended in Dec. 2024 was 6.19. 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.

Haier Smart Home Co Interest Expense Historical Data

The historical data trend for Haier Smart Home 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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Haier Smart Home Co Interest Expense Chart

Haier Smart Home Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-202.94

-111.86

-141.16

-295.51

-374.55

Haier Smart Home Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-113.56	-83.43	-86.23	-86.18	-122.34

Haier Smart Home 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-378 Mil.

Haier Smart Home Co (OTCPK:HSHCY) 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.

Haier Smart Home Co's Interest Expense for the three months ended in Dec. 2024 was $-122 Mil. Its Operating Income for the three months ended in Dec. 2024 was $757 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $1,943 Mil.

Haier Smart Home Co's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	757.411	/	-122.343
	=	6.19

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

Haier Smart Home Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Haier Smart Home Co Ltd (OTCPK:HSHCY) » Definitions » Interest Expense

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Traded in Other Exchanges

HRSHF:USA QIHCF:USA 06690:Hong Kong HAI0:Germany 690E:Germany 690D:Germany 690D:Germany 690D:Germany 600690:China

Address

Haier Industrial Park, Laoshan District, Shandong Province, Qingdao, CHN, 266101

Website

https://smart-home.haier.com/cn

Haier Smart Home is one of the largest household appliance manufacturers globally, with key products spanning refrigerators, washing machines, kitchen appliances, air conditioners, and water solutions. It has been consistently among the top three in China by retail sales in most home appliance categories. The company has also established a footprint in distribution channel services and commercial refrigeration business. Haier generates around 50% of sales outside China. As of December 2023, Haier Group and its subsidiaries are the largest shareholders of Haier Smart Home with around 29% equity interest in aggregate.