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Hisense Home Appliances Group Co (SZSE:000921) Interest Expense : ¥-138 Mil (TTM As of Jun. 2024)


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What is Hisense Home Appliances Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hisense Home Appliances Group Co's interest expense for the three months ended in Jun. 2024 was ¥ -33 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ¥-138 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. Hisense Home Appliances Group Co's Operating Income for the three months ended in Jun. 2024 was ¥ 1,273 Mil. Hisense Home Appliances Group Co's Interest Expense for the three months ended in Jun. 2024 was ¥ -33 Mil. Hisense Home Appliances Group Co's Interest Coverage for the quarter that ended in Jun. 2024 was 39.00. 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.

Hisense Home Appliances Group Co Interest Expense Historical Data

The historical data trend for Hisense Home Appliances 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.

Hisense Home Appliances Group Co Interest Expense Chart

Hisense Home Appliances 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 -3.00 -11.23 -40.55 -88.14 -144.39

Hisense Home Appliances 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 -34.38 -34.23 -34.91 -36.42 -32.64

Hisense Home Appliances 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 ¥-138 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.

Hisense Home Appliances Group Co  (SZSE:000921) 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.

Hisense Home Appliances Group Co's Interest Expense for the three months ended in Jun. 2024 was ¥-33 Mil. Its Operating Income for the three months ended in Jun. 2024 was ¥1,273 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ¥217 Mil.

Hisense Home Appliances 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*1272.978/-32.644
=39.00

* 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.

Hisense Home Appliances Group Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hisense Home Appliances Group Co Ltd (SZSE:000921) » Definitions » Interest Expense
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Traded in Other Exchanges
HISEF:USA 00921:Hong Kong GKE:Germany
Address
No. 8 Ronggang Road, Ronggui Street, Shunde District, Guangdong Province, Foshan, CHN, 528303
Website
https://hxjd.hisense.cn
Hisense Home Appliances Group Co Ltd is a manufacturer of white household electrical appliances in the People's Republic of China, with eight brand names, namely Hisense, Ronshen, KELON, HITACHI, YORK, Gorenje, ASKO, and SANDEN. The company produces electrical appliances like refrigerators, air-conditioners, freezers, washing machines, and Kitchen electrical appliances. The businesses of the Company are set out as follows: HVAC Business Work; Refrigerator and Washing Machine Business Work; Automotive Air Conditioner Compressor and Integrated Thermal Management System Business Work; Smart Home Business Work; Overseas Markets for Home Appliances Business Work and Implementing the Manufacturing Work. The majority of the company's revenue is generated from the domestic market.
Executives
Tang Ye Guo Directors, executives
Fan Wei Supervisors
Dai Hui Zhong Director
Jia Shao Qian Directors, executives
Wang Zhi Gang Executives
Xiao Jian Lin Directors, executives
Wang Jiu Cun Executives

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