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Guizhou Aviation Technical Development Co (SHSE:688239) Interest Expense : ¥-28 Mil (TTM As of Mar. 2024)


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What is Guizhou Aviation Technical Development Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Guizhou Aviation Technical Development Co's interest expense for the three months ended in Mar. 2024 was ¥ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-28 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. Guizhou Aviation Technical Development Co's Operating Income for the three months ended in Mar. 2024 was ¥ 95 Mil. Guizhou Aviation Technical Development Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -7 Mil. Guizhou Aviation Technical Development Co's Interest Coverage for the quarter that ended in Mar. 2024 was 13.63. 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.

Guizhou Aviation Technical Development Co Interest Expense Historical Data

The historical data trend for Guizhou Aviation Technical Development 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.

Guizhou Aviation Technical Development Co Interest Expense Chart

Guizhou Aviation Technical Development Co Annual Data
Trend Dec13 Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only -14.99 -17.90 -13.16 -22.88 -28.79

Guizhou Aviation Technical Development Co Quarterly Data
Mar19 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 -7.81 -8.24 -6.39 -6.34 -6.99

Guizhou Aviation Technical Development 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 ¥-28 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.

Guizhou Aviation Technical Development Co  (SHSE:688239) 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.

Guizhou Aviation Technical Development Co's Interest Expense for the three months ended in Mar. 2024 was ¥-7 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥95 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥367 Mil.

Guizhou Aviation Technical Development 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*95.266/-6.99
=13.63

* 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.

Guizhou Aviation Technical Development Co (SHSE:688239) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Guizhou Aviation Technical Development Co Ltd (SHSE:688239) » Definitions » Interest Expense
Comparable Companies
SZSE:003009 SZSE:300008 SHSE:688543 SZSE:002023 SHSE:688552 SHSE:600391 SZSE:300722 SZSE:300324 SZSE:300581 SZSE:300397 RTX BA LMT XPAR:AIR NOC GD XPAR:SAF TDG LSE:BA. LHX
Traded in Other Exchanges
N/A
Address
Shangbashan Road, Jinyang Science and Technology Industrial Park, Guiyang National High-tech Industrial Development, Guizhou Province, Guiyang, CHN, 550081
Website
http://www.gzhykj.net
Guizhou Aviation Technical Development Co Ltd is engaged in the research and development, production and sales of annular forgings of difficult-to-deform aerospace metal materials. Its products are mainly used in domestic aircraft engines, gas turbines, space launch vehicles, missiles and other high-end equipment fields.
Executives
Yang Jia Dian Core technical personnel
Wang Hua Dong Senior management, core technical personnel
Liu Chao Hui Directors, senior managers
Song Jie Supervisors

Guizhou Aviation Technical Development Co (SHSE:688239) Headlines

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