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Shandong Zhangqiu Blower Co (SZSE:002598) Interest Expense : ¥-18 Mil (TTM As of Mar. 2024)


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What is Shandong Zhangqiu Blower Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shandong Zhangqiu Blower Co's interest expense for the three months ended in Mar. 2024 was ¥ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-18 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. Shandong Zhangqiu Blower Co's Operating Income for the three months ended in Mar. 2024 was ¥ 29 Mil. Shandong Zhangqiu Blower Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -3 Mil. Shandong Zhangqiu Blower Co's Interest Coverage for the quarter that ended in Mar. 2024 was 8.55. 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.

Shandong Zhangqiu Blower Co Interest Expense Historical Data

The historical data trend for Shandong Zhangqiu Blower 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.

Shandong Zhangqiu Blower Co Interest Expense Chart

Shandong Zhangqiu Blower 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 -4.85 -5.72 -9.49 -16.04 -18.02

Shandong Zhangqiu Blower 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 -3.63 -3.83 -5.43 -5.13 -3.43

Shandong Zhangqiu Blower 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 ¥-18 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.

Shandong Zhangqiu Blower Co  (SZSE:002598) 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.

Shandong Zhangqiu Blower Co's Interest Expense for the three months ended in Mar. 2024 was ¥-3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥29 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥158 Mil.

Shandong Zhangqiu Blower 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*29.349/-3.433
=8.55

* 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.

Shandong Zhangqiu Blower Co (SZSE:002598) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Zhangqiu Blower Co Ltd (SZSE:002598) » Definitions » Interest Expense
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SHSE:688291 SZSE:300097 SHSE:688419 SHSE:600843 SZSE:002796 SHSE:603095 SZSE:300508 SZSE:000570 SZSE:000584 SHSE:603109 GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
N/A
Address
Mingshui Economic Development Zone, Shandong Province, Zhangqiu City, CHN, 250200
Website
http://www.blower.cn
Shandong Zhangqiu Blower Co Ltd operates in general equipment manufacturing industry. The products of the company include roots blowers, multi stage centrifugal blowers, and fans.
Executives
Liu Xin Quan Supervisors
Niu Yu Sheng Directors, executives
Fang Shu Peng Directors, executives
Fang Run Gang Director
Xu Chun Dong Executives
Wang Chong Pu Directors, executives
Gao Ke Supervisors
Zhang Ying Qi Directors, executives
Gao Yu Xin Directors, executives
Xi Ji Xiang Executives
Bai Ze Kui Executives
Chen Chao Secretary Dong
Liu Shi Hua Director
Zhu Wen Bo Director
Shen Neng Yao Executives

Shandong Zhangqiu Blower Co (SZSE:002598) Headlines

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