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Xiangyang Automobile Bearing Co (SZSE:000678) Interest Expense : ¥-32 Mil (TTM As of Mar. 2024)


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What is Xiangyang Automobile Bearing Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Xiangyang Automobile Bearing Co's interest expense for the three months ended in Mar. 2024 was ¥ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-32 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. Xiangyang Automobile Bearing Co's Operating Income for the three months ended in Mar. 2024 was ¥ -11 Mil. Xiangyang Automobile Bearing Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -8 Mil. Xiangyang Automobile Bearing Co did not have earnings to cover the interest expense. 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.

Xiangyang Automobile Bearing Co Interest Expense Historical Data

The historical data trend for Xiangyang Automobile Bearing 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.

Xiangyang Automobile Bearing Co Interest Expense Chart

Xiangyang Automobile Bearing 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 -27.40 -24.82 -27.17 -30.72 -33.23

Xiangyang Automobile Bearing 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 -9.86 -10.05 -11.30 -2.85 -7.80

Xiangyang Automobile Bearing 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 ¥-32 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.

Xiangyang Automobile Bearing Co  (SZSE:000678) 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.

Xiangyang Automobile Bearing Co's Interest Expense for the three months ended in Mar. 2024 was ¥-8 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-11 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥16 Mil.

Xiangyang Automobile Bearing Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Xiangyang Automobile Bearing Co did not have earnings to cover the interest expense.

* 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.

Xiangyang Automobile Bearing Co (SZSE:000678) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xiangyang Automobile Bearing Co Ltd (SZSE:000678) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 97 Dengcheng Avenue, Hubei Province, Xiangyang, CHN, 441057
Website
http://www.zxy.com.cn
Xiangyang Automobile Bearing Co Ltd is primarily engaged in the manufacture and sales of bearings and accessories, automobile spare parts, mechanical and electronic devices, bearing equipment and related components in China. The products of the group are exported to Europe, America and Southeast Asia and other countries and regions. Further it has set up around 28 sales branches throughout the country, and hold up to 14 distribution centers. The sales and service network covers all major cities.
Executives
Tang Yong Executives
Gao Shao Bing Directors, executives
Wang Guan Bing Executives
Yuan Zhan Supervisors
Song Hui Min Director

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