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Shanghai Yongli Belting Co (SZSE:300230) Interest Expense : ¥-12 Mil (TTM As of Sep. 2024)


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What is Shanghai Yongli Belting Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Yongli Belting Co's interest expense for the three months ended in Sep. 2024 was ¥ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-12 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. Shanghai Yongli Belting Co's Operating Income for the three months ended in Sep. 2024 was ¥ 88 Mil. Shanghai Yongli Belting Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -10 Mil. Shanghai Yongli Belting Co's Interest Coverage for the quarter that ended in Sep. 2024 was 9.06. 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.

Shanghai Yongli Belting Co Interest Expense Historical Data

The historical data trend for Shanghai Yongli Belting 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.

Shanghai Yongli Belting Co Interest Expense Chart

Shanghai Yongli Belting 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 -12.56 -16.07 -4.76 -9.20 -12.65

Shanghai Yongli Belting 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 -9.89 3.29 -5.00 -0.63 -9.67

Shanghai Yongli Belting 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 ¥-12 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.

Shanghai Yongli Belting Co  (SZSE:300230) 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.

Shanghai Yongli Belting Co's Interest Expense for the three months ended in Sep. 2024 was ¥-10 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥88 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥189 Mil.

Shanghai Yongli Belting 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*87.61/-9.669
=9.06

* 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.

Shanghai Yongli Belting Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Yongli Belting Co Ltd (SZSE:300230) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
West of Xuhua Road, Xujing Town, Qingpu District, Shanghai, CHN
Website
http://www.yonglibelt.com
Shanghai Yongli Belting Co Ltd is mainly engaged in the research and development, production and sale of various types of light conveyor belts. Its main products are divided into two categories: light conveyor belts and precision molding products. Its products include polyvinyl chloride belts, oil resistant PVC belts, PVC treadmill belts, felt belts, hytrel belts, and silicone belts.
Executives
Huang Xiao Dong Director
Yun Li Ming Directors, executives
Jiang Feng Executives
Shi Pei Hao Director
Wang Yi Yi Executives
Chen Zhi Liang Supervisors
Yang Zhen Ping Supervisors
Yu Cheng Lei Directors, executives
Zhang Wei Directors, executives

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