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Riyue Heavy Industry Co (SHSE:603218) Interest Expense : ¥-22 Mil (TTM As of Sep. 2024)


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What is Riyue Heavy Industry Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Riyue Heavy Industry Co's interest expense for the three months ended in Sep. 2024 was ¥ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-22 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. Riyue Heavy Industry Co's Operating Income for the three months ended in Sep. 2024 was ¥ 81 Mil. Riyue Heavy Industry Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -4 Mil. Riyue Heavy Industry Co's Interest Coverage for the quarter that ended in Sep. 2024 was 19.68. 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.

Riyue Heavy Industry Co Interest Expense Historical Data

The historical data trend for Riyue Heavy Industry 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.

Riyue Heavy Industry Co Interest Expense Chart

Riyue Heavy Industry 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 -5.52 -31.38 -3.71 -9.44 -14.27

Riyue Heavy Industry 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 -5.14 -7.32 -5.15 -5.90 -4.11

Riyue Heavy Industry 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 ¥-22 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.

Riyue Heavy Industry Co  (SHSE:603218) 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.

Riyue Heavy Industry Co's Interest Expense for the three months ended in Sep. 2024 was ¥-4 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥81 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥325 Mil.

Riyue Heavy Industry 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*80.772/-4.105
=19.68

* 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.

Riyue Heavy Industry Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Riyue Heavy Industry Co Ltd (SHSE:603218) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Dongwu town Yinzhou district, Zhejiang, Ningbo City, CHN, 315113
Website
http://www.riyuehi.com
Riyue Heavy Industry Co Ltd manufactures heavy duty equipment castings. Its products are windpower turbine generators, heavy diesel engines, large plastic injection molding machines, large machining centers, and giant mining machine series of castings. Geographically, it operates throughout the region of China.
Executives
Wang Ye Directors, senior managers
Zhang Jian Zhong Directors, senior managers
Yu Hong Kang Directors, senior managers
Fu Ling Er Director
Fu Ming Kang Director
Fan Xin Long senior management
Xu Jian Min Supervisors

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