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Jack Technology Co (SHSE:603337) Interest Expense : ¥-53 Mil (TTM As of Mar. 2024)


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What is Jack Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jack Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-53 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. Jack Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 224 Mil. Jack Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -18 Mil. Jack Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 12.18. 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.

Jack Technology Co Interest Expense Historical Data

The historical data trend for Jack Technology 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.

Jack Technology Co Interest Expense Chart

Jack Technology 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 -12.32 -16.73 -30.96 -65.21 -51.06

Jack Technology 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 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 -16.35 -6.33 -9.38 -19.00 -18.35

Jack Technology 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 ¥-53 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.

Jack Technology Co  (SHSE:603337) 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.

Jack Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-18 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥224 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥46 Mil.

Jack Technology 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*223.57/-18.351
=12.18

* 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.

Jack Technology Co (SHSE:603337) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jack Technology Co Ltd (SHSE:603337) » Definitions » Interest Expense
Comparable Companies
SHSE:603915 SHSE:603690 SZSE:000837 SHSE:603075 SZSE:300443 SHSE:688627 SHSE:603283 SZSE:002366 SHSE:688596 SHSE:603063 GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
N/A
Address
No.15 Airport South Road, Jiaojiang District, Zhengjiang, Taizhou, CHN, 318010
Website
http://www.chinajack.com
Jack Technology Co Ltd, formerly Jack Sewing Machine Co Ltd, is a sewing machine manufacturing company. Its product includes spreading machines, automatic cutting machine, lockstitch, overlock, interlock, special machine, automatic pocket welting machine and energy-saving motors.
Executives
Guo Wei Xing Director
Ruan Ji Xiang Director
Wu Li senior management
Che Jian Bo Supervisors
Ruan Lin Bing Director
Zhao Xin Qing Director
Ruan Ji Ming Director
Ruan Fu De Director
Xie Yun Jiao senior management
Qiu Yang You senior management
Huang Zhan Zhou senior management

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