Hangcha Group Co (SHSE:603298) Interest Expense : ¥-41 Mil (TTM As of Mar. 2024)

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What is Hangcha Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hangcha Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-41 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. Hangcha Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 430 Mil. Hangcha Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -8 Mil. Hangcha Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 53.71. 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.

Hangcha Group Co Interest Expense Historical Data

The historical data trend for Hangcha 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.

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Hangcha Group Co Interest Expense Chart

Hangcha Group Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-5.87

-4.35

-57.30

-87.66

-50.77

Hangcha 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															-17.79	-9.18	-9.66	-14.13	-8.00

Hangcha 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 ¥-41 Mil.

Hangcha Group Co (SHSE:603298) 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.

Hangcha Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-8 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥430 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥80 Mil.

Hangcha 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	*	429.531	/	-7.997
	=	53.71

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

Hangcha Group Co (SHSE:603298) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hangcha Group Co Ltd (SHSE:603298) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

666 Xiangfu Road, Qingshan Lake Science and Technology City, Zhejiang, Hangzhou, CHN, 311305

Website

http://www.zjhc.cn

Hangcha Group Co Ltd is engaged in manufacturing of forklift truck. Its products include IC forklift truck, Electric forklift truck, warehouse equipment, tow tractors, side loading forklifts, explosion proof forklifts, empty container handlers and among others.

Executives

Jin Zhi Hao	senior management
Zhou Su Hua	senior management
Chen Sai Min	senior management
Zhao Li Min	Director
Chen Yuan Yuan	Supervisors
Li Yuan Song	senior management
Chen Wei Qiang	senior management
Ren Hai Hua	senior management

Hangcha Group Co (SHSE:603298) Headlines

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