Bingshan Refrigeration and Heat Transfer Technologies Co (SZSE:000530) Interest Expense : ¥-38 Mil (TTM As of Mar. 2024)

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What is Bingshan Refrigeration and Heat Transfer Technologies Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Bingshan Refrigeration and Heat Transfer Technologies Co's interest expense for the three months ended in Mar. 2024 was ¥ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-38 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. Bingshan Refrigeration and Heat Transfer Technologies Co's Operating Income for the three months ended in Mar. 2024 was ¥ 48 Mil. Bingshan Refrigeration and Heat Transfer Technologies Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -9 Mil. Bingshan Refrigeration and Heat Transfer Technologies Co's Interest Coverage for the quarter that ended in Mar. 2024 was 5.48. 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.

Bingshan Refrigeration and Heat Transfer Technologies Co Interest Expense Historical Data

The historical data trend for Bingshan Refrigeration and Heat Transfer Technologies 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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Bingshan Refrigeration and Heat Transfer Technologies Co Interest Expense Chart

Bingshan Refrigeration and Heat Transfer Technologies Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-18.00

-22.80

-16.72

-18.58

-37.92

Bingshan Refrigeration and Heat Transfer Technologies 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															-9.23	-9.94	-9.99	-8.77	-8.85

Bingshan Refrigeration and Heat Transfer Technologies 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 ¥-38 Mil.

Bingshan Refrigeration and Heat Transfer Technologies Co (SZSE:000530) 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.

Bingshan Refrigeration and Heat Transfer Technologies Co's Interest Expense for the three months ended in Mar. 2024 was ¥-9 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥48 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥706 Mil.

Bingshan Refrigeration and Heat Transfer Technologies 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	*	48.489	/	-8.853
	=	5.48

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

Bingshan Refrigeration and Heat Transfer Technologies Co (SZSE:000530) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (SZSE:000530) » Definitions » Interest Expense

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200530:China

Address

No.106, Liaohe East Road, Dalian Economic & Technological Development Zone, Liaoning Province, Dalian, CHN, 116630

Website

http://www.bingshan.cn

Bingshan Refrigeration and Heat Transfer Technologies Co Ltd is an industrial machinery components manufacturer based in China. Its core product is refrigeration equipment components, which are utilized for developing cold storage devices and for central and commercial air-conditioning purposes. The company also offers products for ice-making, cold chains, cold stores, and special refrigeration projects. The firm segments are based on the geographic area: Northeast China, Central China, and East China.

Executives

Lu Jun	Executives
Xu Jun Rao	Director
Liu Kai	Director
Ma Yun	Executives
Ji Zhi Jian	Director
Wang Zhi Qiang	Executives
Xiao Yong Qin	Director
Zhang Gui Le	Director
Hu Xi Tang	Executives

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