Wencan Group Co (SHSE:603348) Interest Expense : ¥-115 Mil (TTM As of Sep. 2024)

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What is Wencan Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wencan Group Co's interest expense for the three months ended in Sep. 2024 was ¥ -27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-115 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. Wencan Group Co's Operating Income for the three months ended in Sep. 2024 was ¥ 101 Mil. Wencan Group Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -27 Mil. Wencan Group Co's Interest Coverage for the quarter that ended in Sep. 2024 was 3.67. 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.

Wencan Group Co Interest Expense Historical Data

The historical data trend for Wencan 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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Wencan Group Co Interest Expense Chart

Wencan Group Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

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Dec22

Dec23

Interest Expense

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-35.06

-70.78

-90.25

-81.30

-105.04

Wencan Group 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															-27.10	-28.29	-21.78	-37.94	-27.41

Wencan 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-115 Mil.

Wencan Group Co (SHSE:603348) 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.

Wencan Group Co's Interest Expense for the three months ended in Sep. 2024 was ¥-27 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥101 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥823 Mil.

Wencan Group 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	*	100.704	/	-27.406
	=	3.67

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

Wencan Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wencan Group Co Ltd (SHSE:603348) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

125 Heshun Avenue, Lishui Town, Nanhai District, Guangdong Province, Foshan, CHN, 528241

Website

http://www.wencan.com

Wencan Group Co Ltd is engaged in the research, development, production and sales of automobile aluminum alloy precision die castings. The products are mainly used in engine systems, gearbox systems, and chassis systems in mid- to high-end automobiles, brake system, body structure parts and other auto parts.

Executives

Huang Yu Feng	senior management
Zhang Jing	senior management
Shen Long	senior management
Wu Shu Yi	senior management
Gao Jun Min	Directors, senior managers
Li Shi Hua	senior management
Yi Man Li	Directors, senior managers
Wang Zhuo Ming	senior management

Wencan Group Co Headlines

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