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Guangzhou Tech-Long Packing Machine Co (SZSE:002209) Interest Expense : ¥-12 Mil (TTM As of Mar. 2024)


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What is Guangzhou Tech-Long Packing Machine Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Guangzhou Tech-Long Packing Machine Co's interest expense for the three months ended in Mar. 2024 was ¥ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-12 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. Guangzhou Tech-Long Packing Machine Co's Operating Income for the three months ended in Mar. 2024 was ¥ 7 Mil. Guangzhou Tech-Long Packing Machine Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -2 Mil. Guangzhou Tech-Long Packing Machine Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.65. 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.

Guangzhou Tech-Long Packing Machine Co Interest Expense Historical Data

The historical data trend for Guangzhou Tech-Long Packing Machine 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.

Guangzhou Tech-Long Packing Machine Co Interest Expense Chart

Guangzhou Tech-Long Packing Machine 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 -11.84 -11.34 -14.22 -15.44 -12.37

Guangzhou Tech-Long Packing Machine 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 -3.22 -3.18 -2.81 -3.16 -2.47

Guangzhou Tech-Long Packing Machine 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 ¥-12 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.

Guangzhou Tech-Long Packing Machine Co  (SZSE:002209) 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.

Guangzhou Tech-Long Packing Machine Co's Interest Expense for the three months ended in Mar. 2024 was ¥-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥107 Mil.

Guangzhou Tech-Long Packing Machine 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*6.538/-2.471
=2.65

* 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.

Guangzhou Tech-Long Packing Machine Co (SZSE:002209) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangzhou Tech-Long Packing Machine Co Ltd (SZSE:002209) » Definitions » Interest Expense
Comparable Companies
SHSE:688090 SZSE:300509 SZSE:300462 SZSE:002278 SZSE:300838 SHSE:603161 BJSE:832522 SHSE:603269 SZSE:300960 SZSE:301053 XTER:SIE GE XPAR:SU ETN OSTO:ATCO A ITW XKRX:373220 PH EMR AME
Traded in Other Exchanges
N/A
Address
No. 23, Yunpu 1 Road, Huangpu District, Guangzhou, CHN, 510530
Website
http://www.tech-long.com
Guangzhou Tech-long Packing Machine Co. Ltd is a provider of turnkey solutions for global liquid product manufacturers. The company mainly provides equipment for the liquid packaging industry. Its products offer water treatment solutions, beverage pre-treatment systems, and others. The product portfolio includes water treatment system, blow molding machines, filling machine, large container filling machine, packaging machine, conveying machine and others.
Executives
Chen Gang Director
Zhang Chong Ming Executives
Zhang Song Ming Directors, executives
Xie Wei Supervisors
Wang Hao Hui Independent director
Zou Da Qun Director
Kong Xiang Jie Directors, executives
Zhang Zan Ming Executives
Wang Wei Dong Directors, executives
Wang Zhong Directors, executives

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