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Weihai Huadong Automation Co (SZSE:002248) Interest Expense : ¥-7.5 Mil (TTM As of Sep. 2024)


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What is Weihai Huadong Automation Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Weihai Huadong Automation Co's interest expense for the three months ended in Sep. 2024 was ¥ -1.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-7.5 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 Huadong Automation Co's Operating Income for the three months ended in Sep. 2024 was ¥ 5.8 Mil. Weihai Huadong Automation Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -1.0 Mil. Weihai Huadong Automation Co's Interest Coverage for the quarter that ended in Sep. 2024 was 6.00. 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 Huadong Automation Co Interest Expense Historical Data

The historical data trend for Weihai Huadong Automation 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 Huadong Automation Co Interest Expense Chart

Weihai Huadong Automation 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 -12.65 -8.02 -6.18 -6.44 -8.31

Weihai Huadong Automation Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -1.68 -3.26 -1.90 -1.35 -0.97

Weihai Huadong Automation 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-7.5 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 Huadong Automation Co  (SZSE:002248) 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 Huadong Automation Co's Interest Expense for the three months ended in Sep. 2024 was ¥-1.0 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥5.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥35.2 Mil.

Weihai Huadong Automation Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*5.845/-0.974
=6.00

* 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 Huadong Automation Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Weihai Huadong Automation Co Ltd (SZSE:002248) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 305 Huoju Road, High Technology Industrial Development Zone, Weihai, Shandong, CHN, 264209
Website
http://www.huadongcnc.com
Weihai Huadong Automation Co Ltd operates in the general equipment manufacturing industry. The company is engaged in an ordinary machine tool manufacturing business. The products of the company include CNC gantry milling and boring machine which include fixed beam fixed column, fixed beam moving a column, and moving beam moving the column, CNC floor boring and milling machine series, CNC vertical lathe, and horizontal machining center.
Executives
Zhao Chun Xu Director
Zhao Su Xia Director
Lian Xiao Ming Director
Tang Xu Wei Executives
Liu Xu Hui Supervisors
Liu Bo Zhe Director
Tang Shi Xian Director
Gao He Ming Executives
Li Zhuang Directors, executives
Liu Chuan Jin Executives

Weihai Huadong Automation Co Headlines

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