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Hunan Zhongke Electric Co (SZSE:300035) Interest Expense : ¥-142 Mil (TTM As of Sep. 2024)


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What is Hunan Zhongke Electric Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hunan Zhongke Electric Co's interest expense for the three months ended in Sep. 2024 was ¥ -35 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-142 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. Hunan Zhongke Electric Co's Operating Income for the three months ended in Sep. 2024 was ¥ 226 Mil. Hunan Zhongke Electric Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -35 Mil. Hunan Zhongke Electric Co's Interest Coverage for the quarter that ended in Sep. 2024 was 6.37. 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.

Hunan Zhongke Electric Co Interest Expense Historical Data

The historical data trend for Hunan Zhongke Electric 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.

Hunan Zhongke Electric Co Interest Expense Chart

Hunan Zhongke Electric 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 -22.44 -12.42 -37.96 -165.68 -161.26

Hunan Zhongke Electric 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 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 -39.62 -32.83 -38.51 -35.63 -35.46

Hunan Zhongke Electric 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 ¥-142 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.

Hunan Zhongke Electric Co  (SZSE:300035) 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.

Hunan Zhongke Electric Co's Interest Expense for the three months ended in Sep. 2024 was ¥-35 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥226 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥761 Mil.

Hunan Zhongke Electric 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*225.89/-35.462
=6.37

* 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.

Hunan Zhongke Electric Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hunan Zhongke Electric Co Ltd (SZSE:300035) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Yueyang Avenue, Zhongke Industrial Park, Economic and Technological Development Zone, Hunan Province, Yueyang, CHN, 414000
Website
http://www.cseco.cn
Hunan Zhongke Electric Co Ltd is engaged in the electromagnetic metallurgical industry. The company's products include tundish channel type induction heating and refining equipment, metal melting and casting electromagnetic stirring complete sets of equipment, complete sets of magnetic lifting equipment, magnetic separator. It is used in iron and steel, transport, shipbuilding, machinery, mining and other industries.
Executives
Li Ai Wu Director
Pi Tao Directors, executives
Zhang Bin Directors, Directors, and Executives
Zhang Zuo Liang Executives
Huang Xiong Jun Director
Zhong Lian Qiu Executives
Cai Ning Supervisors
Yu Yu Cun Director
Liu Yi Executives
Deng Liang Director
Yu Xin Director
Xu Zhong Hua Executives
Yao Shui Bo Executives
Yu Ji Liang Supervisors
Jiang Hai Bo Supervisors

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