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Ningbo Jifeng Auto Parts Co (SHSE:603997) Interest Expense : ¥-366 Mil (TTM As of Sep. 2024)


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What is Ningbo Jifeng Auto Parts Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ningbo Jifeng Auto Parts Co's interest expense for the three months ended in Sep. 2024 was ¥ -108 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-366 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. Ningbo Jifeng Auto Parts Co's Operating Income for the three months ended in Sep. 2024 was ¥ -119 Mil. Ningbo Jifeng Auto Parts Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -108 Mil. Ningbo Jifeng Auto Parts Co did not have earnings to cover the interest expense. 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.


Ningbo Jifeng Auto Parts Co Interest Expense Historical Data

The historical data trend for Ningbo Jifeng Auto Parts 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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Ningbo Jifeng Auto Parts Co Interest Expense Chart

Ningbo Jifeng Auto Parts 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 -219.16 -24.46 -240.07 -271.43 -378.63

Ningbo Jifeng Auto Parts 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 -112.34 -74.23 -106.39 -78.12 -107.54

Ningbo Jifeng Auto Parts 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 ¥-366 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.


Ningbo Jifeng Auto Parts Co  (SHSE:603997) 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.

Ningbo Jifeng Auto Parts Co's Interest Expense for the three months ended in Sep. 2024 was ¥-108 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥-119 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥4,189 Mil.

Ningbo Jifeng Auto Parts Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Ningbo Jifeng Auto Parts Co did not have earnings to cover the interest expense.

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Ningbo Jifeng Auto Parts Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.


Ningbo Jifeng Auto Parts Co Business Description

Traded in Other Exchanges
N/A
Address
No.17, Datunhe Road, Beilun District, Zhejiang, Ningbo City, CHN, 315800
Ningbo Jifeng Auto Parts Co Ltd is principally engaged in development, manufacture, and sale of passenger car seat. The company offers automotive seat headrest and armrest assemblies, and headrest and door stems.
Executives
Feng Dian Director
Li Na Director
Wang Hao Director
Zheng Ying Director
Zheng Cheng Wen Supervisors
Xiao Hua Feng senior management
Ma Jin Yan senior management

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