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Zhejiang Dahua Technology Co (SZSE:002236) Interest Expense : ¥-83 Mil (TTM As of Mar. 2024)


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What is Zhejiang Dahua Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhejiang Dahua Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-83 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 Dahua Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 603 Mil. Zhejiang Dahua Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -18 Mil. Zhejiang Dahua Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 33.24. 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 Dahua Technology Co Interest Expense Historical Data

The historical data trend for Zhejiang Dahua Technology 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 Dahua Technology Co Interest Expense Chart

Zhejiang Dahua Technology 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 -133.66 -68.15 -96.87 -129.84 -95.99

Zhejiang Dahua Technology 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 -31.39 -27.25 -18.84 -18.51 -18.15

Zhejiang Dahua Technology 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 ¥-83 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 Dahua Technology Co  (SZSE:002236) 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 Dahua Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-18 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥603 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥149 Mil.

Zhejiang Dahua Technology 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*603.291/-18.149
=33.24

* 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 Dahua Technology Co (SZSE:002236) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zhejiang Dahua Technology Co Ltd (SZSE:002236) » Definitions » Interest Expense
Comparable Companies
SZSE:002268 SZSE:300188 SZSE:002960 SZSE:300613 SZSE:002528 SHSE:600654 SZSE:301330 SHSE:603373 SZSE:300902 SHSE:605268 OSTO:ASSA B TSE:9735 ALLE MSA ADT OSTO:SECU B BCO TSE:2331 BRC REZI
Traded in Other Exchanges
N/A
Address
No. 1187 Bin'an Road, Binjiang District, Zhejiang, Hangzhou, CHN, 310053
Website
http://www.dahuatech.com
Zhejiang Dahua Technology Co Ltd is engaged in the production of security and surveillance products. The product offered by the company includes transmission products, cloud products, display products, video conference products, drone, Smart fire protection, and others. These products are used for city operations, business management, personal consumer life, and others.

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