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Wuxi Chemical Equipment Co (SZSE:001332) Interest Expense : ¥-17 Mil (TTM As of Sep. 2024)


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What is Wuxi Chemical Equipment Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wuxi Chemical Equipment Co's interest expense for the three months ended in Sep. 2024 was ¥ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-17 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. Wuxi Chemical Equipment Co's Operating Income for the three months ended in Sep. 2024 was ¥ 119 Mil. Wuxi Chemical Equipment Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -8 Mil. Wuxi Chemical Equipment Co's Interest Coverage for the quarter that ended in Sep. 2024 was 14.78. 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.

Wuxi Chemical Equipment Co Interest Expense Historical Data

The historical data trend for Wuxi Chemical Equipment 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.

Wuxi Chemical Equipment Co Interest Expense Chart

Wuxi Chemical Equipment Co Annual Data
Trend Dec13 Dec14 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.29 -0.39 -0.43 -0.09 -0.72

Wuxi Chemical Equipment Co Quarterly Data
Mar15 Dec16 Dec17 Dec18 Dec19 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - -8.40 -0.46 - -8.07

Wuxi Chemical Equipment 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-17 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.

Wuxi Chemical Equipment Co  (SZSE:001332) 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.

Wuxi Chemical Equipment Co's Interest Expense for the three months ended in Sep. 2024 was ¥-8 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥119 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥0 Mil.

Wuxi Chemical Equipment Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*119.205/-8.067
=14.78

* 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.

Wuxi Chemical Equipment Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Chemical Equipment Co Ltd (SZSE:001332) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 36, Huayi Road, Binhu District, Jiangsu Province, Wuxi City, CHN, 214131
Website
http://www.wce.cn
Wuxi Chemical Equipment Co Ltd is engaged in research and development, design, manufacture, sales and related technical services of metal pressure vessels used in petrochemical, fine chemical, natural gas, marines engineering equipment, nuclear power, solar photovoltaic and photothermal power generation.

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