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Ningbo Fujia Industrial Co (SHSE:603219) Interest Expense : ¥-5 Mil (TTM As of Jun. 2024)


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What is Ningbo Fujia Industrial Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ningbo Fujia Industrial Co's interest expense for the three months ended in Jun. 2024 was ¥ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ¥-5 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. Ningbo Fujia Industrial Co's Operating Income for the three months ended in Jun. 2024 was ¥ 62 Mil. Ningbo Fujia Industrial Co's Interest Expense for the three months ended in Jun. 2024 was ¥ -1 Mil. Ningbo Fujia Industrial Co's Interest Coverage for the quarter that ended in Jun. 2024 was 59.97. 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.

Ningbo Fujia Industrial Co Interest Expense Historical Data

The historical data trend for Ningbo Fujia Industrial 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.

Ningbo Fujia Industrial Co Interest Expense Chart

Ningbo Fujia Industrial Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -8.70 -9.38 -10.36 -8.92 -4.44

Ningbo Fujia Industrial Co Quarterly Data
Dec17 Dec18 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -1.27 -2.10 0.19 -1.55 -1.04

Ningbo Fujia Industrial 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-5 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.

Ningbo Fujia Industrial Co  (SHSE:603219) 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.

Ningbo Fujia Industrial Co's Interest Expense for the three months ended in Jun. 2024 was ¥-1 Mil. Its Operating Income for the three months ended in Jun. 2024 was ¥62 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ¥3 Mil.

Ningbo Fujia Industrial Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*62.484/-1.042
=59.97

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Ningbo Fujia Industrial Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Ningbo Fujia Industrial Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Ningbo Fujia Industrial Co Ltd (SHSE:603219) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 303, Chang'an Road, Yangming Stree, Zhejiang Province, Yuyao, CHN, 315400
Website
http://www.furja.com
Ningbo Fujia Industrial Co Ltd is engaged in the research and development, design, production and sales of intelligent cleaning small household appliances such as vacuum cleaners, sweeping robots, and important components such as brushless motors.
Executives
Sun Ya Fang Supervisors
Chen Ang Liang senior management
Huang Jian Long Supervisors
Yu Shi Guo Director
Ying Ying senior management
Shen Xue Jun Supervisors
Luo Jun Bin Directors, senior managers
Tu Zi Qun Directors, senior managers

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