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Jiangsu Huayang Intelligent Equipment Co (SZSE:301502) Interest Expense : ¥-1.1 Mil (TTM As of Sep. 2024)


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What is Jiangsu Huayang Intelligent Equipment Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangsu Huayang Intelligent Equipment Co's interest expense for the three months ended in Sep. 2024 was ¥ -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-1.1 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. Jiangsu Huayang Intelligent Equipment Co's Operating Income for the three months ended in Sep. 2024 was ¥ 3.5 Mil. Jiangsu Huayang Intelligent Equipment Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -0.3 Mil. Jiangsu Huayang Intelligent Equipment Co's Interest Coverage for the quarter that ended in Sep. 2024 was 12.68. 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.

Jiangsu Huayang Intelligent Equipment Co Interest Expense Historical Data

The historical data trend for Jiangsu Huayang Intelligent Equipment 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.

Jiangsu Huayang Intelligent Equipment Co Interest Expense Chart

Jiangsu Huayang Intelligent Equipment Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
-4.47 -1.10 -0.96 -1.60 -1.34

Jiangsu Huayang Intelligent Equipment Co Quarterly Data
Dec19 Dec20 Dec21 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 -1.01 -0.33 -0.31 -0.24 -0.27

Jiangsu Huayang Intelligent Equipment 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 ¥-1.1 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.

Jiangsu Huayang Intelligent Equipment Co  (SZSE:301502) 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.

Jiangsu Huayang Intelligent Equipment Co's Interest Expense for the three months ended in Sep. 2024 was ¥-0.3 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥3.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥0.0 Mil.

Jiangsu Huayang Intelligent Equipment 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*3.463/-0.273
=12.68

* 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.

Jiangsu Huayang Intelligent Equipment Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Huayang Intelligent Equipment Co Ltd (SZSE:301502) » Definitions » Interest Expense
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SHSE:603829 BJSE:831152 SHSE:603700 SHSE:688148 SZSE:301388 SZSE:300600 SZSE:301418 SZSE:300141 SZSE:300506 SZSE:300800 SZSE:300750 XSWX:ABBN XKRX:373220 HAM:OSR TSE:6503 BSP:WEGE3 VRT XPAR:LR SZSE:300124 BKK:DELTA
Traded in Other Exchanges
N/A
Address
Cencun Village, Wujin District, Jiangsu Province, Luoyang Town, CHN, 213104
Website
https://www.cn-huayang.com
Jiangsu Huayang Intelligent Equipment Co Ltd is engaged in research & development, production and sales of micro motors and application products. The company's main business: precision motors and medical equipment. It is a supplier of small and special motors and components for household appliance companies and develops precision drug delivery devices based on electric motor driven electronic injection pens, micro injection pumps and other precision drug delivery devices in the field of medical drug delivery devices.

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