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Xuchang Yuandong Drive Shaft Co (SZSE:002406) Interest Expense : ¥-8 Mil (TTM As of Jun. 2024)


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What is Xuchang Yuandong Drive Shaft Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Xuchang Yuandong Drive Shaft Co's interest expense for the three months ended in Jun. 2024 was ¥ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ¥-8 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. Xuchang Yuandong Drive Shaft Co's Operating Income for the three months ended in Jun. 2024 was ¥ 26 Mil. Xuchang Yuandong Drive Shaft Co's Interest Expense for the three months ended in Jun. 2024 was ¥ -6 Mil. Xuchang Yuandong Drive Shaft Co's Interest Coverage for the quarter that ended in Jun. 2024 was 4.53. 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.

Xuchang Yuandong Drive Shaft Co Interest Expense Historical Data

The historical data trend for Xuchang Yuandong Drive Shaft 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.

Xuchang Yuandong Drive Shaft Co Interest Expense Chart

Xuchang Yuandong Drive Shaft 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 -0.74 -2.33 -3.85 -6.17 -5.93

Xuchang Yuandong Drive Shaft Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -2.01 -2.04 0.13 - -5.66

Xuchang Yuandong Drive Shaft 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-8 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.

Xuchang Yuandong Drive Shaft Co  (SZSE:002406) 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.

Xuchang Yuandong Drive Shaft Co's Interest Expense for the three months ended in Jun. 2024 was ¥-6 Mil. Its Operating Income for the three months ended in Jun. 2024 was ¥26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ¥0 Mil.

Xuchang Yuandong Drive Shaft Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*25.644/-5.659
=4.53

* 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.

Xuchang Yuandong Drive Shaft Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xuchang Yuandong Drive Shaft Co Ltd (SZSE:002406) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Shangji Town, Noth Suburb of Xuchang City, Xuchang City, CHN, 461111
Website
http://www.yodonchina.com
Xuchang Yuandong Drive Shaft Co Ltd engages in the manufacture of automobile drive shaft assemblies in China.
Executives
Li Dan Qing Secretary Dong
Liu Yan Sheng Director
Fu Dong An Supervisors
Qi Huai De Supervisors
Zhang Wei Min Executives
Xu Kai Yang Supervisors
Shi Cai Xia Executives
Zhao Bao Jiang Directors, executives
Ge Zi Yi Supervisors
Ma Xi Ling Director
Zhao Liu An Supervisors
Meng Hui Tao Executives
Chen Zong Shen Supervisors
Wang Wei Executives
Yang Guo Jun Director

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