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Fuda Alloy Materials Co (SHSE:603045) Interest Expense : ¥-60 Mil (TTM As of Sep. 2024)


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What is Fuda Alloy Materials Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fuda Alloy Materials Co's interest expense for the three months ended in Sep. 2024 was ¥ -16 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-60 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. Fuda Alloy Materials Co's Operating Income for the three months ended in Sep. 2024 was ¥ 20 Mil. Fuda Alloy Materials Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -16 Mil. Fuda Alloy Materials Co's Interest Coverage for the quarter that ended in Sep. 2024 was 1.28. 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.

Fuda Alloy Materials Co Interest Expense Historical Data

The historical data trend for Fuda Alloy Materials 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.

Fuda Alloy Materials Co Interest Expense Chart

Fuda Alloy Materials 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 -28.26 -38.07 -62.17 -54.65 -53.02

Fuda Alloy Materials Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -13.36 -14.29 -14.58 -14.76 -16.01

Fuda Alloy Materials 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-60 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.

Fuda Alloy Materials Co  (SHSE:603045) 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.

Fuda Alloy Materials Co's Interest Expense for the three months ended in Sep. 2024 was ¥-16 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥20 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥528 Mil.

Fuda Alloy Materials Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*20.423/-16.011
=1.28

* 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.

Fuda Alloy Materials Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fuda Alloy Materials Co Ltd (SHSE:603045) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 518 Binhai Road, Economic and Technological Development Zone, Zhejiang Province, Wenzhou, CHN, 325025
Website
http://www.china-fuda.com
Fuda Alloy Materials Co Ltd is engaged in the design, production and sale of contact materials for electrical appliances and electronics products. The company's products include contact rivets, stamped tips, powder metallurgy tips, contact buttons, contact components, silver alloy wires and brazing alloys. The company offer its products to electric companies , like Schneider, ABB, Siemens, Chint, Delixi , Tyco, Mitsubishi, and Xiamen Hongfa.
Executives
Lin Wan Huan Director
Zhang Qi Min Director
Bai Xiao Ping Director
Ma Si Ping Supervisors
Chen Song Yang Director
Wang Da Wu Director

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