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Shaoyang Victor Hydraulics Co (SZSE:301079) Interest Expense : ¥-2.2 Mil (TTM As of Sep. 2024)


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What is Shaoyang Victor Hydraulics Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shaoyang Victor Hydraulics Co's interest expense for the three months ended in Sep. 2024 was ¥ -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-2.2 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. Shaoyang Victor Hydraulics Co's Operating Income for the three months ended in Sep. 2024 was ¥ 9.2 Mil. Shaoyang Victor Hydraulics Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -0.8 Mil. Shaoyang Victor Hydraulics Co's Interest Coverage for the quarter that ended in Sep. 2024 was 11.31. 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.

Shaoyang Victor Hydraulics Co Interest Expense Historical Data

The historical data trend for Shaoyang Victor Hydraulics 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.

Shaoyang Victor Hydraulics Co Interest Expense Chart

Shaoyang Victor Hydraulics 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 -2.96 -3.02 -3.07 -2.95 -1.11

Shaoyang Victor Hydraulics 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 -0.20 -0.27 -0.28 -0.81 -0.81

Shaoyang Victor Hydraulics 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 ¥-2.2 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.

Shaoyang Victor Hydraulics Co  (SZSE:301079) 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.

Shaoyang Victor Hydraulics Co's Interest Expense for the three months ended in Sep. 2024 was ¥-0.8 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥9.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥70.0 Mil.

Shaoyang Victor Hydraulics 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*9.164/-0.81
=11.31

* 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.

Shaoyang Victor Hydraulics Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shaoyang Victor Hydraulics Co Ltd (SZSE:301079) » Definitions » Interest Expense
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SHSE:688501 BJSE:873570 SHSE:688638 SZSE:300334 BJSE:831855 SZSE:301053 BJSE:833284 SZSE:300462 SZSE:002529 SHSE:600302 XTER:SIE XPAR:SU ETN PH OSTO:ATCO A ITW EMR CMI XTER:ENR TSE:7011
Traded in Other Exchanges
N/A
Address
Jianshe Road, Shuangqing District, Hunan Province, Shaoyang, CHN, 422001
Website
http://www.shaoyecn.com
Shaoyang Victor Hydraulics Co Ltd is engaged in the design, research and development, production and sales of Hydraulic plunger pump, hydraulic cylinder, hydraulic system and other products.
Executives
Deng Shi Ying Executives
Zhao Tie Jun Supervisors
Yue Hai Executives
Song Chao Ping Director
Su Wu Hong Director

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