Ningbo Zhongbai Co (SHSE:600857) Interest Expense : ¥-8 Mil (TTM As of Mar. 2024)

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What is Ningbo Zhongbai Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ningbo Zhongbai Co's interest expense for the three months ended in Mar. 2024 was ¥ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-8 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. Ningbo Zhongbai Co's Operating Income for the three months ended in Mar. 2024 was ¥ 7 Mil. Ningbo Zhongbai Co's Interest Expense for the three months ended in Mar. 2024 was ¥ 0 Mil. Ningbo Zhongbai Co has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Ningbo Zhongbai Co Interest Expense Historical Data

The historical data trend for Ningbo Zhongbai 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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Ningbo Zhongbai Co Interest Expense Chart

Ningbo Zhongbai Co Annual Data

Trend

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Dec23

Interest Expense

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-1.83

-0.35

-1.50

-3.28

-4.99

Ningbo Zhongbai Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-	-1.40	-	-6.46	-

Ningbo Zhongbai 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 ¥-8 Mil.

Ningbo Zhongbai Co (SHSE:600857) 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.

Ningbo Zhongbai Co's Interest Expense for the three months ended in Mar. 2024 was ¥0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0 Mil.

Ningbo Zhongbai Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Ningbo Zhongbai Co had no long-term debt ⁽¹⁾.

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

Ningbo Zhongbai Co (SHSE:600857) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ningbo Zhongbai Co Ltd (SHSE:600857) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 77, Heyi Road, 21st Floor, Haishu District, Zhejiang Province, Ningbo, CHN, 315000

Website

http://www.hitsc.com

Ningbo Zhongbai Co Ltd is engaged in wholesale and retail of commercial department stores. The company's business scope includes gold, jewelry, needle textiles, clothing, cosmetics, luggage, shoes and hats, daily necessities, handicrafts, toys, culture, sporting goods and equipment, machinery and equipment, hardware, household appliances, electronic products, communication equipment, construction and decoration materials, furniture wholesale, and others.

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