GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Wanfeng Auto Wheel Co Ltd (SZSE:002085) » Definitions » Interest Expense

Zhejiang Wanfeng Auto Wheel Co (SZSE:002085) Interest Expense : ¥-247 Mil (TTM As of Mar. 2024)


View and export this data going back to 2006. Start your Free Trial

What is Zhejiang Wanfeng Auto Wheel Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhejiang Wanfeng Auto Wheel Co's interest expense for the three months ended in Mar. 2024 was ¥ -47 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-247 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. Zhejiang Wanfeng Auto Wheel Co's Operating Income for the three months ended in Mar. 2024 was ¥ 396 Mil. Zhejiang Wanfeng Auto Wheel Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -47 Mil. Zhejiang Wanfeng Auto Wheel Co's Interest Coverage for the quarter that ended in Mar. 2024 was 8.38. 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.

Zhejiang Wanfeng Auto Wheel Co Interest Expense Historical Data

The historical data trend for Zhejiang Wanfeng Auto Wheel 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.

Zhejiang Wanfeng Auto Wheel Co Interest Expense Chart

Zhejiang Wanfeng Auto Wheel 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 -236.52 -245.82 -278.11 -303.78 -265.26

Zhejiang Wanfeng Auto Wheel 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 -65.31 -63.41 -66.87 -69.66 -47.32

Zhejiang Wanfeng Auto Wheel 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 ¥-247 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.

Zhejiang Wanfeng Auto Wheel Co  (SZSE:002085) 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.

Zhejiang Wanfeng Auto Wheel Co's Interest Expense for the three months ended in Mar. 2024 was ¥-47 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥396 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥760 Mil.

Zhejiang Wanfeng Auto Wheel 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*396.435/-47.322
=8.38

* 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.

Zhejiang Wanfeng Auto Wheel Co (SZSE:002085) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Wanfeng Auto Wheel Co Ltd (SZSE:002085) » Definitions » Interest Expense
Comparable Companies
SHSE:601966 SHSE:601799 SZSE:002602 SHSE:603786 SZSE:002625 SHSE:688819 SZSE:002984 SHSE:600699 SHSE:603596 SHSE:603179 TSE:6902 TSE:5108 XPAR:ML APTV MBLY GPC SHSE:600660 XKRX:012330 XTER:CON TSX:MG
Traded in Other Exchanges
N/A
Address
Xinchang County Industrial Park, Zhejiang Province, Chengguan Town, Shaoxing, CHN, 312500
Website
http://www.wfaw.com.cn
Zhejiang Wanfeng Auto Wheel Co Ltd is a China-based company engages in the manufacture and sale of aluminum alloy wheels for automobiles and motorcycles, as well as magnesium alloy wheels. The company's operating segment includes Automobile wheel; Motorcycle wheel; Coating processing; Magnesium alloy die casting products; Stamping and General Aviation Aircraft. It generates maximum revenue from the Automobile wheel segment.
Executives
Yang Hui Hui Supervisors
Chen Ai Lian Director
Wu Xing Zhong Executives
Li Yun Director
Xu Xiao Fang Directors, executives
Zhu Xun Ming Director

Zhejiang Wanfeng Auto Wheel Co (SZSE:002085) Headlines

No Headlines