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Xiamen Xinde Co (SZSE:000701) Interest Expense : ¥-386 Mil (TTM As of Mar. 2024)


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What is Xiamen Xinde Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Xiamen Xinde Co's interest expense for the three months ended in Mar. 2024 was ¥ -75 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-386 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. Xiamen Xinde Co's Operating Income for the three months ended in Mar. 2024 was ¥ 126 Mil. Xiamen Xinde Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -75 Mil. Xiamen Xinde Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.69. 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.

Xiamen Xinde Co Interest Expense Historical Data

The historical data trend for Xiamen Xinde 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.

Xiamen Xinde Co Interest Expense Chart

Xiamen Xinde 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 -669.23 -476.43 -475.04 -365.90 -392.42

Xiamen Xinde 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 -81.50 -113.75 -103.15 -94.01 -74.70

Xiamen Xinde 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 ¥-386 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.

Xiamen Xinde Co  (SZSE:000701) 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.

Xiamen Xinde Co's Interest Expense for the three months ended in Mar. 2024 was ¥-75 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥126 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥3,078 Mil.

Xiamen Xinde 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*126.094/-74.7
=1.69

* 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.

Xiamen Xinde Co (SZSE:000701) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xiamen Xinde Co Ltd (SZSE:000701) » Definitions » Interest Expense
Comparable Companies
SHSE:688699 SHSE:603386 SZSE:300940 SHSE:600382 SHSE:688079 SZSE:301099 SHSE:605066 SZSE:300752 SZSE:002885 SZSE:301183 APH TPE:2317 TEL TSE:6981 SZSE:002475 GLW TPE:2308 SZSE:000725 XKRX:006400 TSE:6762
Traded in Other Exchanges
N/A
Address
Xinhong Building, 2F, Huli District, Xiamen, Fujian, CHN, 361006
Website
http://www.xindeco.com
Xiamen Xinde Co Ltd focuses on the Electronic Information industry and has built the industry framework with several pillar businesses covering Ultra-high Brightness LED Packaging, application development, and production, electronic labels, as well as development and production of security products.
Executives
Huang Jun Feng Executives
Fu Ben Sheng Directors, executives
Wang Ming Cheng Directors, executives
Chen Ge Executives
Ceng Ting Yi Director
Jiang Feng Executives
Chen Hong Secretary, Director
Wang Xiao Shun Supervisors
Hong Shuang Hua Supervisors
Du Shao Hua Directors, executives
Fan Dan Executives
Zhou Kun Shan Director
Tong Jin Zhi Director
Wang Mei Ling Supervisors, within half a year of separation
Huang Li Hong Directors, executives

Xiamen Xinde Co (SZSE:000701) Headlines

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