Mingteng International (Mingteng International) Interest Expense : $-0.06 Mil (TTM As of Dec. 2023)

View and export this data going back to 2024. Start your Free Trial

What is Mingteng International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mingteng International's interest expense for the six months ended in Dec. 2023 was $ -0.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.06 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. Mingteng International's Operating Income for the six months ended in Dec. 2023 was $ 1.19 Mil. Mingteng International's Interest Expense for the six months ended in Dec. 2023 was $ -0.03 Mil. Mingteng International's Interest Coverage for the quarter that ended in Dec. 2023 was 37.06. 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.

Mingteng International Interest Expense Historical Data

The historical data trend for Mingteng International'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.

Mingteng International Interest Expense Chart

Mingteng International Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.02

-0.05

-0.06

Mingteng International Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial			-0.04	-0.03	-0.03	-0.03	-0.03

Mingteng International 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 $-0.06 Mil.

Mingteng International (NAS:MTEN) 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.

Mingteng International's Interest Expense for the six months ended in Dec. 2023 was $-0.03 Mil. Its Operating Income for the six months ended in Dec. 2023 was $1.19 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $0.00 Mil.

Mingteng International'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	*	1.186	/	-0.032
	=	37.06

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

Mingteng International (Mingteng International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mingteng International Corp Inc (NAS:MTEN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lvhua Village, Luoshe Town, Huishan District, Jiangsu Province, Wuxi, CHN, 214189

Website

Mingteng International Corp Inc operates as an automotive mold developer and supplier in China. It provides a wide range of products including casting molds for turbocharger systems, braking systems, steering and differential system, and other automotive system parts. Besides, it also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in automobile, construction machinery, and other manufacturing industries.

Mingteng International (Mingteng International) Headlines

From GuruFocus

Mingteng International Corporation Inc. Announces Pricing of Initial Public Offering

By Marketwired • 04-18-2024