/term/interest-expense/SZSE:002483 Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Interest
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Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Interest Expense : ¥-58 Mil (TTM As of Mar. 2024)


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What is Jiangsu Rainbow Heavy Industries Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangsu Rainbow Heavy Industries Co's interest expense for the three months ended in Mar. 2024 was ¥ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-58 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. Jiangsu Rainbow Heavy Industries Co's Operating Income for the three months ended in Mar. 2024 was ¥ 133 Mil. Jiangsu Rainbow Heavy Industries Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -11 Mil. Jiangsu Rainbow Heavy Industries Co's Interest Coverage for the quarter that ended in Mar. 2024 was 12.26. 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.

Jiangsu Rainbow Heavy Industries Co Interest Expense Historical Data

The historical data trend for Jiangsu Rainbow Heavy Industries 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.

Jiangsu Rainbow Heavy Industries Co Interest Expense Chart

Jiangsu Rainbow Heavy Industries 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 -33.12 -67.48 -74.75 -83.94 -62.90

Jiangsu Rainbow Heavy Industries 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 -15.63 -17.13 -15.62 -14.52 -10.83

Jiangsu Rainbow Heavy Industries 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 ¥-58 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.

Jiangsu Rainbow Heavy Industries Co  (SZSE:002483) 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.

Jiangsu Rainbow Heavy Industries Co's Interest Expense for the three months ended in Mar. 2024 was ¥-11 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥133 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥222 Mil.

Jiangsu Rainbow Heavy Industries 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*132.804/-10.831
=12.26

* 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.

Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Rainbow Heavy Industries Co Ltd (SZSE:002483) » Definitions » Interest Expense
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SHSE:600855 SZSE:300435 SZSE:300499 SZSE:002438 SZSE:300307 SHSE:603191 SHSE:600860 SZSE:300510 SHSE:605133 SHSE:688499 GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
N/A
Address
No.9, Zhenxing West Road, Economic & Technology Development Zone, Natong, CHN, 226010
Website
http://www.jiangsurhi.com
Jiangsu Rainbow Heavy Industries Co Ltd is mainly engaged in the engineering, fabrication, sale, and maintenance of cranes in China. Its major business consists of 2 modules: high-end equipment manufactures and environmental protection. The high-end equipment manufacture module includes material lifting, offshore equipment, and shipbuilding, the products covered all kinds of lifting machinery, ship equipment, marine equipment, car parking equipment, engineering vessels and other related products. The environmental protection module includes industrial wastewater treatment, sludge treatment, hazardous solid waste disposal and other energy saving, recycling economy business.
Executives
Sha Ming Jun Director
Wu Jian Directors, executives
Xie Gui Xing Directors, executives, directors
Sun Jian Cheng Executives
Li Xiao Qin Executives
Lin Bo Executives

Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Headlines

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