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Zhejiang Xidamen New Material Co (SHSE:605155) Interest Expense : ¥-26.4 Mil (TTM As of Mar. 2024)


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What is Zhejiang Xidamen New Material Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhejiang Xidamen New Material Co's interest expense for the three months ended in Mar. 2024 was ¥ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-26.4 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 Xidamen New Material Co's Operating Income for the three months ended in Mar. 2024 was ¥ 21.5 Mil. Zhejiang Xidamen New Material Co's Interest Expense for the three months ended in Mar. 2024 was ¥ 0.0 Mil. Zhejiang Xidamen New Material Co has no long-term debt (1). 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Zhejiang Xidamen New Material Co Interest Expense Historical Data

The historical data trend for Zhejiang Xidamen New Material 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.

Zhejiang Xidamen New Material Co Interest Expense Chart

Zhejiang Xidamen New Material Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -0.30 -0.28 -0.27 -0.37 -0.35

Zhejiang Xidamen New Material Co Quarterly Data
Dec18 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 - - - -26.40 -

Zhejiang Xidamen New Material 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 ¥-26.4 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.

Zhejiang Xidamen New Material Co  (SHSE:605155) 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.

Zhejiang Xidamen New Material Co's Interest Expense for the three months ended in Mar. 2024 was ¥0.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥21.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0.0 Mil.

Zhejiang Xidamen New Material Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Zhejiang Xidamen New Material Co had no long-term debt (1).

* 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.

Zhejiang Xidamen New Material Co (SHSE:605155) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zhejiang Xidamen New Material Co Ltd (SHSE:605155) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Ruangang Village, Lanting Town, Keqiao Distric, Zhejiang Province, Shaoxing, CHN, 312043
Website
https://www.xidamen.com
Zhejiang Xidamen New Material Co Ltd is involved in the research and development, design, production and sales of window decoration products. The main products include sunshine fabrics, coated fabrics, zebra curtain fabrics, Shangri-La fabrics, Hanas fabrics, honeycomb curtain fabrics and others.
Executives
Ma Fang Fang Supervisors

Zhejiang Xidamen New Material Co (SHSE:605155) Headlines

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