Wuxi Delinhai Environmental Technology Co (SHSE:688069) Interest Expense : ¥-0.8 Mil (TTM As of Mar. 2024)

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What is Wuxi Delinhai Environmental Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wuxi Delinhai Environmental Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-0.8 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. Wuxi Delinhai Environmental Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 2.1 Mil. Wuxi Delinhai Environmental Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.3 Mil. Wuxi Delinhai Environmental Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 7.45. 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.

Wuxi Delinhai Environmental Technology Co Interest Expense Historical Data

The historical data trend for Wuxi Delinhai Environmental 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.

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Wuxi Delinhai Environmental Technology Co Interest Expense Chart

Wuxi Delinhai Environmental Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.01

-0.10

-1.66

-1.87

-0.59

Wuxi Delinhai Environmental 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															-0.11	-	-0.21	-0.27	-0.29

Wuxi Delinhai Environmental 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 ¥-0.8 Mil.

Wuxi Delinhai Environmental Technology Co (SHSE:688069) 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.

Wuxi Delinhai Environmental Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥2.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0.0 Mil.

Wuxi Delinhai Environmental 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	*	2.147	/	-0.288
	=	7.45

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. Wuxi Delinhai Environmental Technology Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Wuxi Delinhai Environmental Technology Co (SHSE:688069) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Delinhai Environmental Technology Co Ltd (SHSE:688069) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 88 Meiliang Road, Binhu District, Jiangsu Province, Wuxi, CHN, 214092

Website

http://www.wxdlh.com

Wuxi Delinhai Environmental Technology Co Ltd is engaged in provision of emergency treatment of cyanobacteria blooms in lakes and reservoirs, and prevention and control of cyanobacteria blooms. The company develops, sells and integrates cyanobacteria in accordance with the government's dual public demand for lake and reservoir cyanobacteria control provides operation and maintenance technology equipment and professional operation and maintenance services for algae water separation station and other cyanobacteria treatment technology equipment.

Executives

Hu Hang Yu	Supervisors
Sun Yang	Director, core technical staff
Ma Jian Hua	Directors, senior managers
Hu Ming Ming	Directors, senior managers, core technical personn
Ding Xi Qing	senior management

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