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Jinlong Machinery & Electronic Co (SZSE:300032) Interest Expense : ¥-22 Mil (TTM As of Mar. 2024)


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What is Jinlong Machinery & Electronic Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jinlong Machinery & Electronic Co's interest expense for the three months ended in Mar. 2024 was ¥ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-22 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. Jinlong Machinery & Electronic Co's Operating Income for the three months ended in Mar. 2024 was ¥ -18 Mil. Jinlong Machinery & Electronic Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -6 Mil. Jinlong Machinery & Electronic Co did not have earnings to cover the interest expense. 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.

Jinlong Machinery & Electronic Co Interest Expense Historical Data

The historical data trend for Jinlong Machinery & Electronic 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.

Jinlong Machinery & Electronic Co Interest Expense Chart

Jinlong Machinery & Electronic 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 -10.55 -18.17 -26.69 -49.88 -22.14

Jinlong Machinery & Electronic 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 -5.78 -5.18 -5.97 -5.21 -5.82

Jinlong Machinery & Electronic 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 ¥-22 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.

Jinlong Machinery & Electronic Co  (SZSE:300032) 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.

Jinlong Machinery & Electronic Co's Interest Expense for the three months ended in Mar. 2024 was ¥-6 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-18 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥163 Mil.

Jinlong Machinery & Electronic Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Jinlong Machinery & Electronic Co did not have earnings to cover the interest expense.

* 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.

Jinlong Machinery & Electronic Co (SZSE:300032) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jinlong Machinery & Electronic Co Ltd (SZSE:300032) » Definitions » Interest Expense
Comparable Companies
SZSE:300222 SZSE:002733 SHSE:603912 SHSE:688165 SZSE:300278 SZSE:000862 SZSE:300619 SZSE:002445 SZSE:002046 SZSE:301048 GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
N/A
Address
Jinlong Science & Technology Park, Jin Gang Avenue, Baixiang, Yueqing (Wenzhou), CHN, 325603
Website
http://www.kotl.com.cn
Jinlong Machinery & Electronic Co Ltd engaged in electrical machinery and equipment manufacturing. The products of the company include motors, coin type vibrator, and solid motors.
Executives
Dai Ming Feng Director
Jin Shao Ping Director
Chen Jing Hua Supervisors
Huang Juan Directors, Directors, and Executives
Jin Mei Ou Directors, executives
Chen Yu Qiang Executives
Huang Yong Xian Directors, executives

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