Zhejiang Taitan Co (SZSE:003036) Interest Expense : ¥-26 Mil (TTM As of Sep. 2024)

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What is Zhejiang Taitan Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhejiang Taitan Co's interest expense for the three months ended in Sep. 2024 was ¥ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-26 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. Zhejiang Taitan Co's Operating Income for the three months ended in Sep. 2024 was ¥ 34 Mil. Zhejiang Taitan Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -7 Mil. Zhejiang Taitan Co's Interest Coverage for the quarter that ended in Sep. 2024 was 4.66. 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.

Zhejiang Taitan Co Interest Expense Historical Data

The historical data trend for Zhejiang Taitan 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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Zhejiang Taitan Co Interest Expense Chart

Zhejiang Taitan Co Annual Data

Trend

Dec14

Dec15

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Dec19

Dec20

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Dec22

Dec23

Interest Expense

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-0.08

-0.63

-0.93

-6.45

Zhejiang Taitan 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															-1.28	-4.60	-7.28	-6.90	-7.24

Zhejiang Taitan 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 ¥-26 Mil.

Zhejiang Taitan Co (SZSE:003036) 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.

Zhejiang Taitan Co's Interest Expense for the three months ended in Sep. 2024 was ¥-7 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥211 Mil.

Zhejiang Taitan 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	*	33.745	/	-7.244
	=	4.66

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

Zhejiang Taitan Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Taitan Co Ltd (SZSE:003036) » Definitions » Interest Expense

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Address

No.99 Titan Avenue, Qixing Street, Zhejiang Province, Xinchang, CHN, 312500

Website

http://www.chinataitan.com

Zhejiang Taitan Co Ltd is engaged in the research and development, production, and sales of complete sets of high-end textile equipment. The product portfolio of the company includes Spinning Machine, Twisting Machinery, Weaving Machinery, and Self Winding Machinery.

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