GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Damon Technology Co Ltd (SHSE:688360) » Definitions » Interest Expense

Zhejiang Damon Technology Co (SHSE:688360) Interest Expense : ¥-5 Mil (TTM As of Mar. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Zhejiang Damon Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhejiang Damon Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-5 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 Damon Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 25 Mil. Zhejiang Damon Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -1 Mil. Zhejiang Damon Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 16.96. 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.

Zhejiang Damon Technology Co Interest Expense Historical Data

The historical data trend for Zhejiang Damon 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.

* Premium members only.

Zhejiang Damon Technology Co Interest Expense Chart

Zhejiang Damon Technology Co Annual Data
Trend Dec13 Dec14 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.72 -1.52 -3.09 -5.22 -4.90

Zhejiang Damon 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 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 -1.09 -0.93 -0.87 -2.02 -1.45

Zhejiang Damon 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 ¥-5 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 Damon Technology Co  (SHSE:688360) 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 Damon Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥25 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥127 Mil.

Zhejiang Damon 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*24.642/-1.453
=16.96

* 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 Damon Technology Co (SHSE:688360) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Damon Technology Co Ltd (SHSE:688360) » Definitions » Interest Expense
Comparable Companies
SHSE:688450 SHSE:605100 SZSE:300950 SHSE:688312 SZSE:300720 SZSE:001225 SZSE:002248 SHSE:603280 SZSE:301446 SHSE:603578 GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
N/A
Address
Shangqiang Industrial Zone, Zhejiang Province, Daixi Town, Huzhou, CHN, 313023
Website
http://www.damon-group.com
Zhejiang Damon Technology Co Ltd is a providers of intelligent logistics system solutions and key equipment in China. The company's business is divided into four divisions namely Dynamic storage division; Damon Australia division; Conveying sorting division; and Logistics components division. Its intelligent logistics equipment is widely used in intelligent manufacturing, e-commerce, express logistics, clothing, medicine, tobacco, new retail and other fields.
Executives
Wang Kai Director
Zhuo Xu Directors, senior managers
Guo Ai Hua Directors, senior managers
Wu Zhong Hua senior management

Zhejiang Damon Technology Co (SHSE:688360) Headlines

No Headlines