Sinomach Heavy Equipment Group Co (SHSE:601399) Interest Expense : ¥-36 Mil (TTM As of Mar. 2024)

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What is Sinomach Heavy Equipment Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sinomach Heavy Equipment Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-36 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. Sinomach Heavy Equipment Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 90 Mil. Sinomach Heavy Equipment Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -6 Mil. Sinomach Heavy Equipment Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 15.40. 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.

Sinomach Heavy Equipment Group Co Interest Expense Historical Data

The historical data trend for Sinomach Heavy Equipment Group 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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Sinomach Heavy Equipment Group Co Interest Expense Chart

Sinomach Heavy Equipment Group Co Annual Data

Trend

Dec13

Dec14

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Dec19

Dec20

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Dec22

Dec23

Interest Expense

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-94.70

-41.31

-32.39

-30.39

-39.03

Sinomach Heavy Equipment Group 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															-9.29	-8.32	-9.10	-12.32	-5.84

Sinomach Heavy Equipment Group 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 ¥-36 Mil.

Sinomach Heavy Equipment Group Co (SHSE:601399) 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.

Sinomach Heavy Equipment Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-6 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥90 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥133 Mil.

Sinomach Heavy Equipment Group 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	*	89.968	/	-5.841
	=	15.40

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

Sinomach Heavy Equipment Group Co (SHSE:601399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sinomach Heavy Equipment Group Co Ltd (SHSE:601399) » Definitions » Interest Expense

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Address

No.99 Zhujiang East Road, Sichuan Province, Deyang, CHN, 618000

Website

http://www.sinomach-he.cn

Sinomach Heavy Equipment Group Co Ltd is engaged in designing, production and sales of technical equipment and heavy casting and forging steel products and engineering general contracting and sale of electricity business.

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