Lanzhou LS Heavy Equipment Co (SHSE:603169) Interest Expense : ¥-155 Mil (TTM As of Sep. 2024)

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What is Lanzhou LS Heavy Equipment Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lanzhou LS Heavy Equipment Co's interest expense for the three months ended in Sep. 2024 was ¥ -44 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-155 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. Lanzhou LS Heavy Equipment Co's Operating Income for the three months ended in Sep. 2024 was ¥ 65 Mil. Lanzhou LS Heavy Equipment Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -44 Mil. Lanzhou LS Heavy Equipment Co's Interest Coverage for the quarter that ended in Sep. 2024 was 1.45. 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.

Lanzhou LS Heavy Equipment Co Interest Expense Historical Data

The historical data trend for Lanzhou LS Heavy Equipment 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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Lanzhou LS Heavy Equipment Co Interest Expense Chart

Lanzhou LS Heavy Equipment Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-209.85

-224.12

-202.96

-169.56

-152.35

Lanzhou LS Heavy Equipment 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															-47.70	-34.32	-38.92	-36.92	-44.44

Lanzhou LS Heavy Equipment 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 ¥-155 Mil.

Lanzhou LS Heavy Equipment Co (SHSE:603169) 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.

Lanzhou LS Heavy Equipment Co's Interest Expense for the three months ended in Sep. 2024 was ¥-44 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥65 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥1,727 Mil.

Lanzhou LS Heavy Equipment 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	*	64.63	/	-44.437
	=	1.45

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Lanzhou LS Heavy Equipment Co Ltd interest coverage is 2.05, which is low.

Lanzhou LS Heavy Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Lanzhou LS Heavy Equipment Co Ltd (SHSE:603169) » Definitions » Interest Expense

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Address

No. 528, West Section of Huanghe Avenue, Lanzhou New District, Gansu Province, Lanzhou, CHN, 730087

Website

http://www.lshec.com

Lanzhou LS Heavy Equipment Co Ltd is a China-based company. It is engaged in the manufacturing of pressure vessels in the energy industry. The firm operates through two business divisions including equipment manufacturing business and petrochemical engineering general contracting. The equipment manufacturing business is responsible for collecting information, obtaining contract orders through bidding and negotiation, and design department responsible department. It caters its services to energy industry such as refining, chemical, coal chemical, nuclear power, and biomedicine. Its product offerings include nuclear products, pressure separators, coal chemical equipment, tanks, hydrogenation reactors, and threaded locking ring type heat exchangers.

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