Qingdao Daneng Environmental Protection Equipment Co (SHSE:688501) Interest Expense : ¥-19 Mil (TTM As of Sep. 2024)

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What is Qingdao Daneng Environmental Protection Equipment Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Qingdao Daneng Environmental Protection Equipment Co's interest expense for the three months ended in Sep. 2024 was ¥ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-19 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. Qingdao Daneng Environmental Protection Equipment Co's Operating Income for the three months ended in Sep. 2024 was ¥ 19 Mil. Qingdao Daneng Environmental Protection Equipment Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -6 Mil. Qingdao Daneng Environmental Protection Equipment Co's Interest Coverage for the quarter that ended in Sep. 2024 was 3.40. 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.

Qingdao Daneng Environmental Protection Equipment Co Interest Expense Historical Data

The historical data trend for Qingdao Daneng Environmental Protection Equipment 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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Qingdao Daneng Environmental Protection Equipment Co Interest Expense Chart

Qingdao Daneng Environmental Protection Equipment Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-10.18

-12.34

-11.24

-11.83

-13.16

Qingdao Daneng Environmental Protection Equipment 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															-3.43	-3.98	-4.72	-4.74	-5.70

Qingdao Daneng Environmental Protection Equipment 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 ¥-19 Mil.

Qingdao Daneng Environmental Protection Equipment Co (SHSE:688501) 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.

Qingdao Daneng Environmental Protection Equipment Co's Interest Expense for the three months ended in Sep. 2024 was ¥-6 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥19 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥3 Mil.

Qingdao Daneng Environmental Protection Equipment Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	19.367	/	-5.698
	=	3.40

The higher the ratio, the stronger the company's financial strength is.

Qingdao Daneng Environmental Protection Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Daneng Environmental Protection Equipment Co Ltd (SHSE:688501) » Definitions » Interest Expense

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Address

No. 3, Daneng Road, Industrial Park, Jiaobei Office, Jiaozhou City, Shandong Province, Qingdao, CHN, 266313

Website

http://www.daneng.cc

Qingdao Daneng Environmental Protection Equipment Co Ltd is involved in the energy-saving and environmental protection industry. It provides customers with a full range of energy-saving and environmentally-friendly products. The company's technology and products have covered the prevention and control of pollutants such as slag, dust, flue gas, fine particulate matter, NOX, SOX, desulfurization wastewater, and boiler slag and flue gas waste heat recover.

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