GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Weihai Guangtai Airport Equipment Co Ltd (SZSE:002111) » Definitions » Interest Expense

Weihai Guangtai Airport Equipment Co (SZSE:002111) Interest Expense : ¥-42 Mil (TTM As of Mar. 2024)


View and export this data going back to 2007. Start your Free Trial

What is Weihai Guangtai Airport Equipment Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Weihai Guangtai Airport Equipment Co's interest expense for the three months ended in Mar. 2024 was ¥ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 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. Weihai Guangtai Airport Equipment Co's Operating Income for the three months ended in Mar. 2024 was ¥ 64 Mil. Weihai Guangtai Airport Equipment Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -8 Mil. Weihai Guangtai Airport Equipment Co's Interest Coverage for the quarter that ended in Mar. 2024 was 7.63. 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.

Weihai Guangtai Airport Equipment Co Interest Expense Historical Data

The historical data trend for Weihai Guangtai Airport 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.

Weihai Guangtai Airport Equipment Co Interest Expense Chart

Weihai Guangtai Airport Equipment 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 -40.26 -20.01 -19.97 -24.21 -42.55

Weihai Guangtai Airport Equipment 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 -8.88 -13.55 -9.37 -10.74 -8.38

Weihai Guangtai Airport 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 ¥-42 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.

Weihai Guangtai Airport Equipment Co  (SZSE:002111) 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.

Weihai Guangtai Airport Equipment Co's Interest Expense for the three months ended in Mar. 2024 was ¥-8 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥64 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥762 Mil.

Weihai Guangtai Airport Equipment 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*64.002/-8.383
=7.63

* 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.

Weihai Guangtai Airport Equipment Co (SZSE:002111) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Weihai Guangtai Airport Equipment Co Ltd (SZSE:002111) » Definitions » Interest Expense
Comparable Companies
SHSE:603611 SHSE:600817 SZSE:300276 SHSE:600841 SZSE:002097 SZSE:300818 SZSE:300159 SHSE:600815 SZSE:002523 SZSE:000816 CAT DE PCAR OSTO:VOLV A XTER:DTG TSE:6201 TSE:6301 XAMS:EXO OSTO:EPI A SHSE:600031
Traded in Other Exchanges
N/A
Address
No. 16 Huanghe Street, Huancui District, Shandong Province, Weihai, CHN, 264200
Website
http://www.guangtai.com.cn
Weihai Guangtai Airport Equipment Co Ltd is a enaged in the development, design, production, sales, maintenance and related services, technical training, technical consulting, testing, installation and leasing of airport equipment, port equipment, and airborne equipment.
Executives
Jiao Xing Wang Independent director
Li Qin Directors, executives
Li Guang Tai Director
Wang Qing Dong Supervisors
Li Wen Xuan Director
Luo Li Supervisors
Meng Yan Directors, executives
Qiao Zhi Dong Executives
Guo Shao Ping Director
Wang Jun Securities Affairs Representative
Chen Wei Zhong Director

Weihai Guangtai Airport Equipment Co (SZSE:002111) Headlines

No Headlines