Hengdian Group Dmegc Magnetics Co (SZSE:002056) Interest Expense : ¥-42 Mil (TTM As of Mar. 2025)

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What is Hengdian Group Dmegc Magnetics Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hengdian Group Dmegc Magnetics Co's interest expense for the three months ended in Mar. 2025 was ¥ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2025 was ¥-42 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. Hengdian Group Dmegc Magnetics Co's Operating Income for the three months ended in Mar. 2025 was ¥ 532 Mil. Hengdian Group Dmegc Magnetics Co's Interest Expense for the three months ended in Mar. 2025 was ¥ -11 Mil. Hengdian Group Dmegc Magnetics Co's Interest Coverage for the quarter that ended in Mar. 2025 was 47.71. 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.

Hengdian Group Dmegc Magnetics Co Interest Expense Historical Data

The historical data trend for Hengdian Group Dmegc Magnetics 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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Hengdian Group Dmegc Magnetics Co Interest Expense Chart

Hengdian Group Dmegc Magnetics Co Annual Data

Trend

Dec15

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Dec24

Interest Expense

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-34.48

-44.62

-53.28

-60.54

-49.13

Hengdian Group Dmegc Magnetics Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Expense	Get a 7-Day Free Trial															-18.18	-19.04	-5.58	-6.33	-11.14

Hengdian Group Dmegc Magnetics 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. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-42 Mil.

Hengdian Group Dmegc Magnetics Co (SZSE:002056) 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.

Hengdian Group Dmegc Magnetics Co's Interest Expense for the three months ended in Mar. 2025 was ¥-11 Mil. Its Operating Income for the three months ended in Mar. 2025 was ¥532 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2025 was ¥252 Mil.

Hengdian Group Dmegc Magnetics Co's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	531.593	/	-11.143
	=	47.71

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. Hengdian Group Dmegc Magnetics Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Hengdian Group Dmegc Magnetics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hengdian Group Dmegc Magnetics Co Ltd (SZSE:002056) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Hengdian Industrial Zone, Dongyang, Zhejiang, CHN, 322118

Website

http://www.chinadmegc.com

Hengdian Group Dmegc Magnetics Co Ltd is a Chinese company engaged in making products based on hard ferrite and magnet soft ferrite cores. The products of the company include hard ferrite magnets, ferrite cores, solar cells, solar modules, rare earth magnets, motor housing, hard alloys, batteries, and flexible copper clad laminate. These products are widely used in the fields of the electronic appliance, automotive, communication and others. In addition, the group is also involved in the business of hotels, mining, health care home, international trade and others. The company exports its products to EU, USA, Japan, South America, South East Asia and other regions.

Executives

Ren Xiao Ming	Executives
He Shi Jin	Director
Li Guo Ping	Supervisors
Zhang Zhi Fang	Executives
Wu Xue Ping	Secretary Dong
Chi Yu Qing	Supervisors
Qian Juan Ping	Independent director
Xu Xu Qing	Director
Ren Guo Liang	Supervisors
Zhang Tian Da	Director

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