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Bichamp Cutting Technology (Hunan) Co (SZSE:002843) Interest Expense : ¥-14 Mil (TTM As of Mar. 2024)


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What is Bichamp Cutting Technology (Hunan) Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Bichamp Cutting Technology (Hunan) 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 ¥-14 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. Bichamp Cutting Technology (Hunan) Co's Operating Income for the three months ended in Mar. 2024 was ¥ 32 Mil. Bichamp Cutting Technology (Hunan) Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -3 Mil. Bichamp Cutting Technology (Hunan) Co's Interest Coverage for the quarter that ended in Mar. 2024 was 9.95. 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.

Bichamp Cutting Technology (Hunan) Co Interest Expense Historical Data

The historical data trend for Bichamp Cutting Technology (Hunan) 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.

Bichamp Cutting Technology (Hunan) Co Interest Expense Chart

Bichamp Cutting Technology (Hunan) 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 -0.61 -3.06 -6.08 -10.52 -13.69

Bichamp Cutting Technology (Hunan) 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 -3.03 -4.41 -1.78 -4.48 -3.26

Bichamp Cutting Technology (Hunan) 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 ¥-14 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.

Bichamp Cutting Technology (Hunan) Co  (SZSE:002843) 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.

Bichamp Cutting Technology (Hunan) 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 ¥32 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥178 Mil.

Bichamp Cutting Technology (Hunan) 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*32.371/-3.255
=9.95

* 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.

Bichamp Cutting Technology (Hunan) Co (SZSE:002843) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bichamp Cutting Technology (Hunan) Co Ltd (SZSE:002843) » Definitions » Interest Expense
Comparable Companies
SHSE:603667 SHSE:688059 SHSE:605056 SHSE:688308 SHSE:600366 SZSE:002322 SZSE:002150 SHSE:601002 SZSE:301368 SZSE:300179 HKSE:00669 SNA SWK LECO TTC OSTO:SKF B TSE:6586 RBC TKR TSE:9962
Traded in Other Exchanges
N/A
Address
No. 68 Taijia Road, Economic Development Zone, Wangcheng, Hunan Province, Changsha, CHN, 410200
Website
http://www.bichamp.com
Bichamp Cutting Technology (Hunan) Co Ltd manufactures industrial consumables. The company develops, produces, and sells bimetallic band saw blades, bimetal hacksaw blades, carbide band saw blades, and other related products.
Executives
Wen Ying Supervisors

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