Jiangling Motors (SZSE:200550) Interest Expense : HK$-7 Mil (TTM As of Mar. 2024)

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What is Jiangling Motors Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangling Motors's interest expense for the three months ended in Mar. 2024 was HK$ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was HK$-7 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. Jiangling Motors's Operating Income for the three months ended in Mar. 2024 was HK$ 101 Mil. Jiangling Motors's Interest Expense for the three months ended in Mar. 2024 was HK$ -7 Mil. Jiangling Motors's Interest Coverage for the quarter that ended in Mar. 2024 was 13.63. 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.

Jiangling Motors Interest Expense Historical Data

The historical data trend for Jiangling Motors'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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Jiangling Motors Interest Expense Chart

Jiangling Motors Annual Data

Trend

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Interest Expense

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-3.23

-1.71

-9.22

-14.39

-11.04

Jiangling Motors 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															-11.35	5.00	-23.87	19.20	-7.39

Jiangling Motors 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 HK$-7 Mil.

Jiangling Motors (SZSE:200550) 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.

Jiangling Motors's Interest Expense for the three months ended in Mar. 2024 was HK$-7 Mil. Its Operating Income for the three months ended in Mar. 2024 was HK$101 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was HK$77 Mil.

Jiangling Motors'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	*	100.67	/	-7.386
	=	13.63

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. Jiangling Motors Corp Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Jiangling Motors (SZSE:200550) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiangling Motors Corp Ltd (SZSE:200550) » Definitions » Interest Expense

Traded in Other Exchanges

000550:China

Address

No. 509, Northern Yingbin Avenue, Jiangxi Province, Nanchang, CHN, 330001

Website

http://www.jmc.com.cn

Jiangling Motors Corp Ltd is an automobile manufacturing company domiciled in China. The company principally manufactures light commercial vehicles such as vans and pickup trucks, heavy commercial vehicles including heavy-duty trucks, sport utility vehicles, engines, castings, and related vehicle components. It derives the vast majority of revenue from commercial vehicles and SUVs. Jiangling Motors produces vehicles under the JMC, Yusheng, and Ford brands. The company earns revenue almost entirely domestically.

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