Wuxi Chemical Equipment Co (SZSE:001332) Interest Expense : ¥-37 Mil (TTM As of Mar. 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 Mar. 2024 was ¥ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-37 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 Mar. 2024 was ¥ 37 Mil. Wuxi Chemical Equipment Co's Interest Expense for the three months ended in Mar. 2024 was ¥ 0 Mil. Wuxi Chemical Equipment Co has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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.

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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

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-0.29

-0.39

-0.43

-0.09

-0.72

Wuxi Chemical Equipment Co Quarterly Data
	Dec13	Dec14	Mar15	Dec16	Dec17	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-	-4.26	-	-32.34	-

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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-37 Mil.

Wuxi Chemical Equipment Co (SZSE:001332) Interest Expense Explanation

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 Mar. 2024 was ¥0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥37 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0 Mil.

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

Wuxi Chemical Equipment Co had no long-term debt ⁽¹⁾.

The higher the ratio, the stronger the company's financial strength is.

Wuxi Chemical Equipment Co (SZSE:001332) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Chemical Equipment Co Ltd (SZSE:001332) » Definitions » Interest Expense

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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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