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Jiangsu Changshu Automotive Trim Group Co (SHSE:603035) Interest Expense : ¥-53 Mil (TTM As of Mar. 2024)


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What is Jiangsu Changshu Automotive Trim Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangsu Changshu Automotive Trim Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-53 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. Jiangsu Changshu Automotive Trim Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 80 Mil. Jiangsu Changshu Automotive Trim Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -14 Mil. Jiangsu Changshu Automotive Trim Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 5.83. 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.

Jiangsu Changshu Automotive Trim Group Co Interest Expense Historical Data

The historical data trend for Jiangsu Changshu Automotive Trim 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.

* Premium members only.

Jiangsu Changshu Automotive Trim Group Co Interest Expense Chart

Jiangsu Changshu Automotive Trim Group 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 -72.15 -94.15 -65.21 -50.35 -50.84

Jiangsu Changshu Automotive Trim 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 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 -12.00 -13.48 -12.17 -13.19 -13.79

Jiangsu Changshu Automotive Trim 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 ¥-53 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.

Jiangsu Changshu Automotive Trim Group Co  (SHSE:603035) 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.

Jiangsu Changshu Automotive Trim Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-14 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥80 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥271 Mil.

Jiangsu Changshu Automotive Trim 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*80.414/-13.79
=5.83

* 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.

Jiangsu Changshu Automotive Trim Group Co (SHSE:603035) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiangsu Changshu Automotive Trim Group Co Ltd (SHSE:603035) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 288, North Haiyu Road, Jiangsu Province, Suzhou, Changshu, CHN, 215500
Website
http://www.caip.com.cn
Jiangsu Changshu Automotive Trim Group Co Ltd manufactures auto components. Its products include instrument panels, centre consoles, door panel systems, pillars and sills, other interior and exterior components. Geographically, the activities are carried out through China.
Executives
Luo Xiao Chun Director
Zhang Sheng Supervisors
Wang Jie Supervisors
Wang Wei Qing senior management
Luo Xi Fang senior management
Tao Jian Bing Director
Sun Feng senior management
Tang Wen Hua Supervisors
Wu Hai Jiang Director

Jiangsu Changshu Automotive Trim Group Co (SHSE:603035) Headlines

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