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Zhejiang Founder Motor Co (SZSE:002196) Interest Expense : ¥-30 Mil (TTM As of Mar. 2024)


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What is Zhejiang Founder Motor Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhejiang Founder Motor Co's interest expense for the three months ended in Mar. 2024 was ¥ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-30 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 Founder Motor Co's Operating Income for the three months ended in Mar. 2024 was ¥ -8 Mil. Zhejiang Founder Motor Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -9 Mil. Zhejiang Founder Motor Co did not have earnings to cover the interest expense. 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 Founder Motor Co Interest Expense Historical Data

The historical data trend for Zhejiang Founder Motor 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 Founder Motor Co Interest Expense Chart

Zhejiang Founder Motor 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 -13.61 -10.60 -11.28 -15.61 -27.12

Zhejiang Founder Motor 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 -6.24 -6.61 -6.47 -7.81 -8.72

Zhejiang Founder Motor 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 ¥-30 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 Founder Motor Co  (SZSE:002196) 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 Founder Motor Co's Interest Expense for the three months ended in Mar. 2024 was ¥-9 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥410 Mil.

Zhejiang Founder Motor Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Zhejiang Founder Motor Co did not have earnings to cover the interest expense.

* 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 Founder Motor Co (SZSE:002196) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Founder Motor Co Ltd (SZSE:002196) » Definitions » Interest Expense
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SZSE:002164 SHSE:603269 SHSE:603321 SZSE:301512 SZSE:300836 SZSE:301056 SZSE:300853 SHSE:603578 SZSE:002774 SHSE:603036 XTER:SIE XPAR:SU ETN OSTO:ATCO A ITW PH EMR XKRX:373220 AME OTIS
Traded in Other Exchanges
N/A
Address
No. 24 Tianning Industrial Zone, Lishui, Zhejiang, CHN, 323000
Website
http://www.fdm.com.cn
Zhejiang Founder Motor Co Ltd is a China-based company engaged in research and development, production and sale of micro special motors. The company is also specialized in energy-saving and new-energy vehicle drivetrains and automotive control systems. Its products include EV motors, automotive motors, energy vehicle motor drives, energy commercial vehicle drive systems, and car controls. The company's products are used in low-speed electric vehicles, light trucks, low-voltage electric vehicles, passenger cars and engineering vehicles.
Executives
Zhang Chi Director
Niu Ming Kui Executives
Yang Xiao Hong Supervisors
Zhang Min Directors, executives
Mou Jian Secretary, Director
Weng Wei Wen Director
Zhou Jian Supervisors
Ma Bin Wu Supervisors
Zheng Lian Ming Independent director
Cai Jun Biao Director
Mao Xiao Jian Director
Shu Lin Yan Securities Affairs Representative
Shen Hu Supervisors
Liu Guo Ping Director
Qian Jin Director

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