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Ningbonxing Medical Electric Co (SHSE:601567) Interest Expense : ¥-66 Mil (TTM As of Mar. 2024)


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What is Ningbonxing Medical Electric Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ningbonxing Medical Electric Co's interest expense for the three months ended in Mar. 2024 was ¥ -22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-66 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. Ningbonxing Medical Electric Co's Operating Income for the three months ended in Mar. 2024 was ¥ 437 Mil. Ningbonxing Medical Electric Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -22 Mil. Ningbonxing Medical Electric Co's Interest Coverage for the quarter that ended in Mar. 2024 was 19.66. 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.

Ningbonxing Medical Electric Co Interest Expense Historical Data

The historical data trend for Ningbonxing Medical Electric 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.

* Premium members only.

Ningbonxing Medical Electric Co Interest Expense Chart

Ningbonxing Medical Electric Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -31.70 -28.45 -83.25 -61.33 -52.75

Ningbonxing Medical Electric 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -8.81 -15.94 0.50 -28.50 -22.24

Ningbonxing Medical Electric 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 ¥-66 Mil.

* 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.

Ningbonxing Medical Electric Co  (SHSE:601567) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ningbonxing Medical Electric Co's Interest Expense for the three months ended in Mar. 2024 was ¥-22 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥437 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥3,286 Mil.

Ningbonxing Medical Electric 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*437.292/-22.238
=19.66

* 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.

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

Ningbonxing Medical Electric Co (SHSE:601567) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Sanxing Medical Electric Co Ltd (SHSE:601567) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No.17 Fenglin Road, Cicheng Tow, Jiangbei District, Ningbo, CHN, 315034
Website
http://www.sanxing.com
Ningbo Sanxing Medical Electric Co Ltd operates in the electricity measurement industry. The product portfolio of the group includes the Meter box, Smart substation, Switchgear, Power distribution automation devices and others. Geographically the firm operated through China however its business presence is also seen internationally.

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