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AECC Aero-Engine Controls Co (SZSE:000738) Interest Expense : ¥-3 Mil (TTM As of Mar. 2024)


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What is AECC Aero-Engine Controls Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AECC Aero-Engine Controls Co's interest expense for the three months ended in Mar. 2024 was ¥ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-3 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. AECC Aero-Engine Controls Co's Operating Income for the three months ended in Mar. 2024 was ¥ 299 Mil. AECC Aero-Engine Controls Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -1 Mil. AECC Aero-Engine Controls Co's Interest Coverage for the quarter that ended in Mar. 2024 was 347.07. 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.

AECC Aero-Engine Controls Co Interest Expense Historical Data

The historical data trend for AECC Aero-Engine Controls 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.

AECC Aero-Engine Controls Co Interest Expense Chart

AECC Aero-Engine Controls 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 -25.35 -16.61 -17.44 -10.09 -4.26

AECC Aero-Engine Controls 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 -1.66 -1.35 -0.61 -0.64 -0.86

AECC Aero-Engine Controls 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 ¥-3 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.

AECC Aero-Engine Controls Co  (SZSE:000738) 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.

AECC Aero-Engine Controls Co's Interest Expense for the three months ended in Mar. 2024 was ¥-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥299 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥7 Mil.

AECC Aero-Engine Controls 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*298.823/-0.861
=347.07

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. AECC Aero-Engine Controls Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

AECC Aero-Engine Controls Co (SZSE:000738) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AECC Aero-Engine Controls Co Ltd (SZSE:000738) » Definitions » Interest Expense
Comparable Companies
SHSE:688563 SHSE:600879 SHSE:688297 SHSE:601866 SHSE:600685 SHSE:600118 SHSE:688281 SHSE:600038 SZSE:002389 SZSE:300775 GE RTX XPAR:AIR LMT BA XPAR:SAF GD NOC TDG LSE:BA.
Traded in Other Exchanges
N/A
Address
No.72 , Liangxi Road, Binhu District, Jiangsu Province, Wuxi City, CHN
Website
http://www.aaec.com.cn
AECC Aero-Engine Controls Co Ltd is engaged in the provision of aviation and defense and non-aviation civilian products. The company provides civil aviation control system precision components for well-known aviation companies abroad. It operates through three major business segments, Engine Control Systems and Components, International Cooperation and Non-Navigation Products. The Engine Control System and Components business mainly include the development, production, repair, and sales of aero-engine control systems and derivative products.

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