Zhejiang Dingli Machinery Co (SHSE:603338) Interest Expense : ¥-17 Mil (TTM As of Mar. 2024)

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What is Zhejiang Dingli Machinery Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhejiang Dingli Machinery Co's interest expense for the three months ended in Mar. 2024 was ¥ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-17 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. Zhejiang Dingli Machinery Co's Operating Income for the three months ended in Mar. 2024 was ¥ 465 Mil. Zhejiang Dingli Machinery Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -2 Mil. Zhejiang Dingli Machinery Co's Interest Coverage for the quarter that ended in Mar. 2024 was 190.60. 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.

Zhejiang Dingli Machinery Co Interest Expense Historical Data

The historical data trend for Zhejiang Dingli Machinery 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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Zhejiang Dingli Machinery Co Interest Expense Chart

Zhejiang Dingli Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.76

-1.09

-5.28

-16.79

-19.21

Zhejiang Dingli Machinery 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															-5.01	-5.22	-4.18	-4.81	-2.44

Zhejiang Dingli Machinery 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 ¥-17 Mil.

Zhejiang Dingli Machinery Co (SHSE:603338) 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.

Zhejiang Dingli Machinery Co's Interest Expense for the three months ended in Mar. 2024 was ¥-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥465 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥429 Mil.

Zhejiang Dingli Machinery 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	*	464.867	/	-2.439
	=	190.60

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. Zhejiang Dingli Machinery Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Zhejiang Dingli Machinery Co (SHSE:603338) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Zhejiang Dingli Machinery Co Ltd (SHSE:603338) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No.1255, Baiyun South Road, Leidian Town, Deqing, CHN, 313219

Website

http://www.chinadinli.com

Zhejiang Dingli Machinery Co Ltd is engaged in research and development, manufacturing, sales and service of various types of aerial work platforms. The company's main products cover arm, scissor and mast type with self Walking control intelligence, safety and environmental protection, large coverage. Its products are mainly used in aircraft and shipbuilding and maintenance, construction and installation, roads, bridge construction, municipal engineering, storage supermarkets and other fields.

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