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Zhejiang Double Arrow Rubber Co (SZSE:002381) Interest Expense : ¥-22 Mil (TTM As of Mar. 2024)


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What is Zhejiang Double Arrow Rubber Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhejiang Double Arrow Rubber Co's interest expense for the three months ended in Mar. 2024 was ¥ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-22 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 Double Arrow Rubber Co's Operating Income for the three months ended in Mar. 2024 was ¥ 64 Mil. Zhejiang Double Arrow Rubber Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -6 Mil. Zhejiang Double Arrow Rubber Co's Interest Coverage for the quarter that ended in Mar. 2024 was 11.39. 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 Double Arrow Rubber Co Interest Expense Historical Data

The historical data trend for Zhejiang Double Arrow Rubber 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 Double Arrow Rubber Co Interest Expense Chart

Zhejiang Double Arrow Rubber 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 -0.01 -0.44 -3.27 -21.00 -22.64

Zhejiang Double Arrow Rubber 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 -5.74 -5.68 -5.65 -5.57 -5.59

Zhejiang Double Arrow Rubber 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 ¥-22 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 Double Arrow Rubber Co  (SZSE:002381) 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 Double Arrow Rubber Co's Interest Expense for the three months ended in Mar. 2024 was ¥-6 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 ¥632 Mil.

Zhejiang Double Arrow Rubber 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*63.645/-5.59
=11.39

* 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 Double Arrow Rubber Co (SZSE:002381) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Double Arrow Rubber Co Ltd (SZSE:002381) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Zhou Quan town Industrial Zone, Tongxiang, Zhejiang, CHN, 314513
Website
http://www.doublearrow.net
Zhejiang Double Arrow Rubber Co Ltd is engaged as manufacturer of conveyor belts. The types of conveyor belts manufactured by company are acid and alkali resistant, high temperature resistant, flame retardant, oil resistant, heat resistant, tear resistant, puncture resistant, cold resistant, energy saving, and aramid.
Executives
Shen Kai Fei Directors, executives
Shen Geng Liang Director
Lang Hong Feng Executives
Yan Hong Bin Supervisors
Shen Hui Min Directors, executives
Yu Ming Song Director
Shen Lin Quan Director
Lu Xin Hui Supervisors
Shen Hong Fa Directors, executives
Yu Bing Ren Supervisors
Shen Hong Ming Supervisors
Chen Bai Song Directors, executives
Wu Jian Qin Directors, executives
Yu Bing Ying Executives
Xu Zhong Wei Securities Affairs Representative

Zhejiang Double Arrow Rubber Co (SZSE:002381) Headlines

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