Qingdao Tianneng Heavy Industries Co (SZSE:300569) Interest Expense : ¥-187 Mil (TTM As of Mar. 2025)

View and export this data going back to 2016. Start your Free Trial

What is Qingdao Tianneng Heavy Industries Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Qingdao Tianneng Heavy Industries Co's interest expense for the three months ended in Mar. 2025 was ¥ -41 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2025 was ¥-187 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. Qingdao Tianneng Heavy Industries Co's Operating Income for the three months ended in Mar. 2025 was ¥ 81 Mil. Qingdao Tianneng Heavy Industries Co's Interest Expense for the three months ended in Mar. 2025 was ¥ -41 Mil. Qingdao Tianneng Heavy Industries Co's Interest Coverage for the quarter that ended in Mar. 2025 was 1.95. 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.

Qingdao Tianneng Heavy Industries Co Interest Expense Historical Data

The historical data trend for Qingdao Tianneng Heavy Industries 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.

Qingdao Tianneng Heavy Industries Co Interest Expense Chart

Qingdao Tianneng Heavy Industries Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

Get a 7-Day Free Trial

-122.20

-178.21

-203.46

-201.08

-196.42

Qingdao Tianneng Heavy Industries Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Expense	Get a 7-Day Free Trial															-50.92	-48.82	-51.52	-45.17	-41.22

Qingdao Tianneng Heavy Industries 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. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-187 Mil.

Qingdao Tianneng Heavy Industries Co (SZSE:300569) 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.

Qingdao Tianneng Heavy Industries Co's Interest Expense for the three months ended in Mar. 2025 was ¥-41 Mil. Its Operating Income for the three months ended in Mar. 2025 was ¥81 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2025 was ¥1,810 Mil.

Qingdao Tianneng Heavy Industries Co's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	80.552	/	-41.221
	=	1.95

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. Qingdao Tianneng Heavy Industries Co Ltd interest coverage is 1.39, which is low.

Qingdao Tianneng Heavy Industries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Tianneng Heavy Industries Co Ltd (SZSE:300569) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10, Longxiang Street, Datunhe Industrial Park, Ligezhuang Town, Shandong Province, Jiaozhou, CHN

Website

http://www.qdtnp.com

Qingdao Tianneng Heavy Industries Co Ltd specializes in the manufacture and sale of megawatt wind turbine towers and related products. Its other business activities include chemical production equipment manufacturing, photovoltaic power generation, biomass energy generation and electric energy sales. In addition, the company is engaged in biomass energy power station construction, operation and maintenance. The products are sold to more than 20 provinces, municipalities and autonomous regions in China and foreign markets such as Italy, the United States, Iran and other countries.

Executives

Zhao Bo	Executives
Yu Fu Hai	Supervisors
Zhang Shi Qi	Director
Hu Peng Peng	Executives
Song De Hai	Directors, executives
Liu Ping	Executives
Fang Rui Zheng	Directors, executives

Qingdao Tianneng Heavy Industries Co Headlines

No Headlines