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Fuxin Dare Automotive Parts Co (SZSE:300473) Interest Expense : ¥-70 Mil (TTM As of Jun. 2024)


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What is Fuxin Dare Automotive Parts Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fuxin Dare Automotive Parts Co's interest expense for the three months ended in Jun. 2024 was ¥ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ¥-70 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. Fuxin Dare Automotive Parts Co's Operating Income for the three months ended in Jun. 2024 was ¥ 32 Mil. Fuxin Dare Automotive Parts Co's Interest Expense for the three months ended in Jun. 2024 was ¥ -18 Mil. Fuxin Dare Automotive Parts Co's Interest Coverage for the quarter that ended in Jun. 2024 was 1.80. 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.

Fuxin Dare Automotive Parts Co Interest Expense Historical Data

The historical data trend for Fuxin Dare Automotive Parts 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.

Fuxin Dare Automotive Parts Co Interest Expense Chart

Fuxin Dare Automotive Parts 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 -104.41 -89.52 -8.59 -65.69 -71.82

Fuxin Dare Automotive Parts Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -19.23 -19.65 -11.86 -20.88 -17.81

Fuxin Dare Automotive Parts 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-70 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.

Fuxin Dare Automotive Parts Co  (SZSE:300473) 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.

Fuxin Dare Automotive Parts Co's Interest Expense for the three months ended in Jun. 2024 was ¥-18 Mil. Its Operating Income for the three months ended in Jun. 2024 was ¥32 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ¥406 Mil.

Fuxin Dare Automotive Parts Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*31.984/-17.814
=1.80

* 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.

Fuxin Dare Automotive Parts Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fuxin Dare Automotive Parts Co Ltd (SZSE:300473) » Definitions » Interest Expense
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SZSE:301072 SZSE:300237 SZSE:000678 SHSE:603121 SHSE:603006 SZSE:301186 SHSE:603040 SZSE:001278 SZSE:002725 SHSE:603335 TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG SHSE:600660 XTER:CON
Traded in Other Exchanges
N/A
Address
No.55 East Road, Economic Development Zone, Liaoning Province, Fuxin, CHN, 123004
Website
http://www.fzb.com.cn
Fuxin Dare Automotive Parts Co Ltd is engaged in the development, manufacturing, and sales of automotive components. The core business of a is company Automotive and Industrial engineering field. Its products include pumps and electric pumps, motors, electronic control and automotive electronics, noise reduction (NVH) insulation and lightweight products. The products are used in steering, transmission, braking, automotive electronics, and body.
Executives
Li Yi Director
Kong Ye Supervisors

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