Dirui Industrial Co (SZSE:300396) Interest Expense : ¥-9 Mil (TTM As of Mar. 2024)

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What is Dirui Industrial Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Dirui Industrial Co's interest expense for the three months ended in Mar. 2024 was ¥ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-9 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. Dirui Industrial Co's Operating Income for the three months ended in Mar. 2024 was ¥ 146 Mil. Dirui Industrial Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -2 Mil. Dirui Industrial Co's Interest Coverage for the quarter that ended in Mar. 2024 was 77.02. 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.

Dirui Industrial Co Interest Expense Historical Data

The historical data trend for Dirui Industrial 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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Dirui Industrial Co Interest Expense Chart

Dirui Industrial Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-2.91

-3.10

-4.45

-6.14

-8.80

Dirui Industrial 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															-1.96	-2.24	-2.18	-2.41	-1.89

Dirui Industrial 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 ¥-9 Mil.

Dirui Industrial Co (SZSE:300396) 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.

Dirui Industrial Co's Interest Expense for the three months ended in Mar. 2024 was ¥-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥146 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥4 Mil.

Dirui Industrial Co'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	*	145.869	/	-1.894
	=	77.02

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

Dirui Industrial Co (SZSE:300396) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Dirui Industrial Co Ltd (SZSE:300396) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

3333 Yiju Street, New&High Tech. Development Zone, Jilin, Changchun, CHN, 130103

Website

http://www.dirui.com.cn

Dirui Industrial Co Ltd is a supplier of laboratory solutions. It is engaged in research and development, manufacturing, and sales of diagnostic products including laboratory equipment and clinical diagnostic reagents. Dirui's collective product portfolio represents complete laboratory solutions for the in-vitro diagnostic areas of hematology, clinical chemistry, and urinalysis. The company offers chemistry, hematology, urine, and vaginal infection analyzers. It also provides reagents and consumables, such as chemical reagents and detergents, chemistry quality controls/calibrators, ISE reagents, hematology analyzer reagents, urine sediment analyzer reagents, urinalysis controls and strips, and automatic urine analyzer detergents.

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