Xinjiang Machinery Research Institute Co (SZSE:300159) Interest Expense : ¥-145 Mil (TTM As of Mar. 2024)

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What is Xinjiang Machinery Research Institute Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Xinjiang Machinery Research Institute Co's interest expense for the three months ended in Mar. 2024 was ¥ -31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-145 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. Xinjiang Machinery Research Institute Co's Operating Income for the three months ended in Mar. 2024 was ¥ -35 Mil. Xinjiang Machinery Research Institute Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -31 Mil. Xinjiang Machinery Research Institute 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.

Xinjiang Machinery Research Institute Co Interest Expense Historical Data

The historical data trend for Xinjiang Machinery Research Institute 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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Xinjiang Machinery Research Institute Co Interest Expense Chart

Xinjiang Machinery Research Institute Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-141.43

-139.90

-125.56

-139.23

-139.88

Xinjiang Machinery Research Institute 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															-26.39	-25.69	-37.76	-50.05	-31.43

Xinjiang Machinery Research Institute 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 ¥-145 Mil.

Xinjiang Machinery Research Institute Co (SZSE:300159) 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.

Xinjiang Machinery Research Institute Co's Interest Expense for the three months ended in Mar. 2024 was ¥-31 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-35 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥257 Mil.

Xinjiang Machinery Research Institute Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Xinjiang Machinery Research Institute Co did not have earnings to cover the interest expense.

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Xinjiang Machinery Research Institute Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Xinjiang Machinery Research Institute Co (SZSE:300159) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Xinjiang Machinery Research Institute Co Ltd (SZSE:300159) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Xinjiang 239, Beijing Road, Urumqi, Beijing, CHN, 830,013

Website

http://www.xjjxy.com.cn

Xinjiang Machinery Research Institute Co Ltd is engaged in the research, design, manufacture, and sale of agricultural and livestock machinery. The company specializes in medium and high-end agricultural and animal husbandry machinery products. The main products include series wheeled tractors, farming machinery, large self-propelled grain harvester family, self-propelled corn harvester series, straw forage harvester series, cash crop harvesting machine, and fruit machine.

Executives

Wu Yang	Directors, executives
Zhou Wei Hua	Director
Feng Guo Xiang	Supervisors
Yang Li Jun	Director
Jiang Ren Xi	Executives
Wang Xiao Yu	Executives
Mao Shan Yi	Supervisors
Li Ji Lan	Executives
Jin Fan	Executives
Si Wen Feng	Director
A Li Mu Mai Mai Ti Tu Er Xun	Supervisors
Wang Jian Jun	Directors, Directors, and Executives
Li Li	Director

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