Himile Mechanical Science And Technology(Shangdong) Co (SZSE:002595) Interest Expense : ¥-2 Mil (TTM As of Jun. 2024)

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What is Himile Mechanical Science And Technology(Shangdong) Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Himile Mechanical Science And Technology(Shangdong) Co's interest expense for the three months ended in Jun. 2024 was ¥ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ¥-2 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. Himile Mechanical Science And Technology(Shangdong) Co's Operating Income for the three months ended in Jun. 2024 was ¥ 648 Mil. Himile Mechanical Science And Technology(Shangdong) Co's Interest Expense for the three months ended in Jun. 2024 was ¥ -1 Mil. Himile Mechanical Science And Technology(Shangdong) Co's Interest Coverage for the quarter that ended in Jun. 2024 was 626.82. 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.

Himile Mechanical Science And Technology(Shangdong) Co Interest Expense Historical Data

The historical data trend for Himile Mechanical Science And Technology(Shangdong) 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.

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Himile Mechanical Science And Technology(Shangdong) Co Interest Expense Chart

Himile Mechanical Science And Technology(Shangdong) Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-32.42

-17.80

-15.35

-7.50

-4.16

Himile Mechanical Science And Technology(Shangdong) 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															-2.45	-0.04	-0.93	-0.48	-1.03

Himile Mechanical Science And Technology(Shangdong) 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 ¥-2 Mil.

Himile Mechanical Science And Technology(Shangdong) Co (SZSE:002595) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Himile Mechanical Science And Technology(Shangdong) Co's Interest Expense for the three months ended in Jun. 2024 was ¥-1 Mil. Its Operating Income for the three months ended in Jun. 2024 was ¥648 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ¥65 Mil.

Himile Mechanical Science And Technology(Shangdong) 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	*	647.506	/	-1.033
	=	626.82

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Himile Mechanical Science And Technology(Shangdong) Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Himile Mechanical Science And Technology(Shangdong) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Himile Mechanical Science And Technology(Shangdong) Co Ltd (SZSE:002595) » Definitions » Interest Expense

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Address

No 1 Himile Road, Mishui Science and Technology Industrial Park, Gaomi, CHN, 261500

Website

http://www.himile.com

Himile Mechanical Science And Technology(Shangdong) Co Ltd is a Chinese company engaged in the research and development, production and sale of rubber machinery and mold products. It is mainly involved in three sectors which are top grade tire mold, high-end mechanical parts manufacturing and oil and gas equipment sector. The products manufactured by the group are involved in the fields of mechanical manufacturing, marine, rail transit, fuel gas, education, and others.

Executives

Zhang Gong Yun	Director
Zhang Yan	Directors, executives
Liu Sheng Jun	Supervisors
Feng Min Tang	Director
Ni Hao Yan	Independent director
Luan Xiao Mei	Securities Affairs Representative

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