GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Weifu High-Technology Group Co Ltd (SZSE:000581) » Definitions » Interest Expense

Weifu High-Technology Group Co (SZSE:000581) Interest Expense : ¥-43 Mil (TTM As of Jun. 2024)


View and export this data going back to 1998. Start your Free Trial

What is Weifu High-Technology Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Weifu High-Technology Group Co's interest expense for the three months ended in Jun. 2024 was ¥ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ¥-43 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. Weifu High-Technology Group Co's Operating Income for the three months ended in Jun. 2024 was ¥ 201 Mil. Weifu High-Technology Group Co's Interest Expense for the three months ended in Jun. 2024 was ¥ -5 Mil. Weifu High-Technology Group Co's Interest Coverage for the quarter that ended in Jun. 2024 was 37.48. 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.

Weifu High-Technology Group Co Interest Expense Historical Data

The historical data trend for Weifu High-Technology Group 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.

Weifu High-Technology Group Co Interest Expense Chart

Weifu High-Technology Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -21.77 -11.47 -38.70 -107.74 -95.15

Weifu High-Technology Group Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -30.96 -15.14 -14.39 -8.42 -5.35

Weifu High-Technology Group 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-43 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.

Weifu High-Technology Group Co  (SZSE:000581) 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.

Weifu High-Technology Group Co's Interest Expense for the three months ended in Jun. 2024 was ¥-5 Mil. Its Operating Income for the three months ended in Jun. 2024 was ¥201 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ¥134 Mil.

Weifu High-Technology Group Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*200.54/-5.35
=37.48

* 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.

Weifu High-Technology Group Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Weifu High-Technology Group Co Ltd (SZSE:000581) » Definitions » Interest Expense
Comparable Companies
SHSE:603730 SZSE:000559 SZSE:000887 SZSE:002472 SHSE:603997 SHSE:603179 SZSE:001696 SHSE:603358 SZSE:002126 SZSE:002906 TSE:6902 XPAR:ML TSE:5108 GPC APTV SHSE:600660 NSE:MOTHERSON XKRX:012330 XTER:CON XTER:KBX
Traded in Other Exchanges
200581:China
Address
No. 5, Huashan Road, Xinwu District, Jiangsu Province, Wuxi, CHN, 214028
Website
http://www.weifu.com.cn
Weifu High-Technology Group Co Ltd is a manufacturer of automotive components. The company has three reportable segments namely auto fuel injection system and fuel cell components; air management system and automotive post-processing system. It generates maximum revenue from the automotive post-processing system segment.
Executives
Xu Yun Feng Executives
Mou Yu Ming Executives
Ou Jian Bin Directors, executives
Shi Xing Yuan Supervisors
Chen Xue Jun Director
Wang Xiao Dong Directors, executives
Gao Guo Yuan Supervisors
Han Jiang Ming Supervisors
Chu Yong Securities Affairs Representative
Deng Xi Jiang Executives
Chen Qi Long Director
Xu Liang Fei Director
You Jian Zhong Supervisors

Weifu High-Technology Group Co Headlines

No Headlines