GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TJK Machinery (Tianjin) Co Ltd (SZSE:300823) » Definitions » Interest Expense

TJK Machinery (Tianjin) Co (SZSE:300823) Interest Expense : ¥-1.8 Mil (TTM As of Mar. 2024)


View and export this data going back to 2020. Start your Free Trial

What is TJK Machinery (Tianjin) Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TJK Machinery (Tianjin) Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-1.8 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. TJK Machinery (Tianjin) Co's Operating Income for the three months ended in Mar. 2024 was ¥ 15.1 Mil. TJK Machinery (Tianjin) Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.1 Mil. TJK Machinery (Tianjin) Co's Interest Coverage for the quarter that ended in Mar. 2024 was 154.58. 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.

TJK Machinery (Tianjin) Co Interest Expense Historical Data

The historical data trend for TJK Machinery (Tianjin) 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.

TJK Machinery (Tianjin) Co Interest Expense Chart

TJK Machinery (Tianjin) 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 -5.76 -1.19 -0.01 -0.99 -0.26

TJK Machinery (Tianjin) 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 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 - -1.47 -0.16 -0.10 -0.10

TJK Machinery (Tianjin) 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 ¥-1.8 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.

TJK Machinery (Tianjin) Co  (SZSE:300823) 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.

TJK Machinery (Tianjin) Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥15.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0.0 Mil.

TJK Machinery (Tianjin) 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*15.149/-0.098
=154.58

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. TJK Machinery (Tianjin) Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

TJK Machinery (Tianjin) Co (SZSE:300823) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TJK Machinery (Tianjin) Co Ltd (SZSE:300823) » Definitions » Interest Expense
Comparable Companies
SHSE:603090 SZSE:002209 SZSE:300509 SZSE:300462 SZSE:300521 SHSE:688090 SZSE:301079 SZSE:300931 SHSE:688501 SHSE:688328 GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
N/A
Address
No. 7 Wuwei Road, Lugang Logistics Equipment Industrial Park, Beichen District, Tianjin, CHN, 300408
Website
https://www.tjkmachinery.com
TJK Machinery (Tianjin) Co Ltd is engaged in the research and development, design, production and sales of high-end CNC steel bar processing equipment and provides overall solutions for CNC steel bar processing. The company's products are used in high-speed railways, highways, bridges and tunnels, rail transit, underground pipeline corridors, nuclear power, hydropower and other large-scale infrastructure construction and assembly buildings, steel processing and distribution centers and other fields.

TJK Machinery (Tianjin) Co (SZSE:300823) Headlines

No Headlines