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Hangzhou GreatStar Industrial Co (SZSE:002444) Interest Expense : ¥-112 Mil (TTM As of Sep. 2024)


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What is Hangzhou GreatStar Industrial Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hangzhou GreatStar Industrial Co's interest expense for the three months ended in Sep. 2024 was ¥ -43 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-112 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. Hangzhou GreatStar Industrial Co's Operating Income for the three months ended in Sep. 2024 was ¥ 854 Mil. Hangzhou GreatStar Industrial Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -43 Mil. Hangzhou GreatStar Industrial Co's Interest Coverage for the quarter that ended in Sep. 2024 was 19.92. 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.

Hangzhou GreatStar Industrial Co Interest Expense Historical Data

The historical data trend for Hangzhou GreatStar Industrial 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.

Hangzhou GreatStar Industrial Co Interest Expense Chart

Hangzhou GreatStar Industrial 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 -48.68 -69.92 -59.75 -102.12 -84.77

Hangzhou GreatStar Industrial 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 -19.33 -27.78 -21.18 -20.60 -42.87

Hangzhou GreatStar Industrial 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 ¥-112 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.

Hangzhou GreatStar Industrial Co  (SZSE:002444) 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.

Hangzhou GreatStar Industrial Co's Interest Expense for the three months ended in Sep. 2024 was ¥-43 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥854 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥296 Mil.

Hangzhou GreatStar Industrial 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*853.924/-42.867
=19.92

* 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.

Hangzhou GreatStar Industrial Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou GreatStar Industrial Co Ltd (SZSE:002444) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No.35 Jiuhuan Road, Shangcheng District, Zhejiang, Hangzhou, CHN, 310019
Website
https://www.greatstartools.com
Hangzhou GreatStar Industrial Co Ltd is a developer, manufacturer, and supplier of tools, the company is a hand tool vendor in Asia. Its products include Hand tools; Specialty tools like drywall tools, masonry tools, painting tools, tile tools, electrical tools, plumbing tools, automotive tools, Garden tools; Power tools, Tool sets, Flashlights.
Executives
Chou Jian Ping Director
Zhou Si Yuan Secretary Dong
Li Feng Executives
Wang Ling Ling Directors, executives
Li Zheng Directors, executives
Chi Xiao Heng Directors, executives
Wang Wei Yi Executives
Wang Min Executives
Huang Ai Hua Independent director
Yu Wen Tian Supervisors
Jiang Sai Ping Supervisors

Hangzhou GreatStar Industrial Co Headlines

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