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Well Lead Medical Co (SHSE:603309) Interest Expense : ¥-10 Mil (TTM As of Sep. 2024)


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What is Well Lead Medical Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Well Lead Medical Co's interest expense for the three months ended in Sep. 2024 was ¥ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-10 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. Well Lead Medical Co's Operating Income for the three months ended in Sep. 2024 was ¥ 70 Mil. Well Lead Medical Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -3 Mil. Well Lead Medical Co's Interest Coverage for the quarter that ended in Sep. 2024 was 26.09. 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.

Well Lead Medical Co Interest Expense Historical Data

The historical data trend for Well Lead Medical 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.

Well Lead Medical Co Interest Expense Chart

Well Lead Medical 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 -13.57 -10.43 -6.59 -5.82 -7.28

Well Lead Medical 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 -2.06 -1.84 -2.04 -2.98 -2.68

Well Lead Medical 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 ¥-10 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.

Well Lead Medical Co  (SHSE:603309) 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.

Well Lead Medical Co's Interest Expense for the three months ended in Sep. 2024 was ¥-3 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥70 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥354 Mil.

Well Lead Medical 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*69.792/-2.675
=26.09

* 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.

Well Lead Medical Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Well Lead Medical Co Ltd (SHSE:603309) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 45-47, South of Guomao Avenue, No. 4, Area C, Jinhu Industrial City, Hualong Town, Panyu District, Guangdong Province, Guangzhou City, CHN, 511434
Website
http://www.welllead.com.cn
Well Lead Medical Co Ltd is engaged in research, production, and sales of medical catheters in anaesthesia, urology, respiratory and hemodialysis region. Its products include Endotracheal Tube, Standar Endotracheal Tube, and Suction Endotracheal Tube. The company products are used in surgery, treatment, first aid, and nursing. The company exports its products to North America, Europe, and Japan.
Executives
Chen Bin senior management
Chen Yun Gui Directors, senior managers
Zhu Yi Min senior management
Han Guang Yuan Director
Xiang Bin Director
Fu Rong Supervisors
Zhao Tong Wei Supervisors

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