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Weichai Heavy Machinery Co (SZSE:000880) Interest Expense : ¥-66 Mil (TTM As of Mar. 2024)


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What is Weichai Heavy Machinery Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Weichai Heavy Machinery Co's interest expense for the three months ended in Mar. 2024 was ¥ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-66 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. Weichai Heavy Machinery Co's Operating Income for the three months ended in Mar. 2024 was ¥ 15 Mil. Weichai Heavy Machinery Co's Interest Expense for the three months ended in Mar. 2024 was ¥ 0 Mil. Weichai Heavy Machinery Co has no long-term debt (1). 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Weichai Heavy Machinery Co Interest Expense Historical Data

The historical data trend for Weichai Heavy Machinery 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.

Weichai Heavy Machinery Co Interest Expense Chart

Weichai Heavy Machinery 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 -0.12 -0.15 -0.87 -0.54 -0.11

Weichai Heavy Machinery 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 - -17.55 - -48.25 -

Weichai Heavy Machinery 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 ¥-66 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.

Weichai Heavy Machinery Co  (SZSE:000880) 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.

Weichai Heavy Machinery Co's Interest Expense for the three months ended in Mar. 2024 was ¥0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥15 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0 Mil.

Weichai Heavy Machinery Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Weichai Heavy Machinery Co had no long-term debt (1).

* 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.

Weichai Heavy Machinery Co (SZSE:000880) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Weichai Heavy Machinery Co Ltd (SZSE:000880) » Definitions » Interest Expense
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SZSE:301338 SHSE:600579 SZSE:301086 SZSE:002877 SHSE:688646 SZSE:301528 SZSE:301369 SZSE:000570 SZSE:300032 SZSE:301548 XTER:SIE XPAR:SU ETN OSTO:ATCO A ITW PH XKRX:373220 EMR AME CMI
Traded in Other Exchanges
N/A
Address
No. 26 Minsheng East Street, Shandong Province, Weifang, CHN, 261001
Website
http://www.weichaihm.com
Weichai Heavy Machinery Co Ltd is a China-based company engaged in developing, manufacturing and selling marine power and power generating units. Its product portfolio includes medium-speed diesel engines, power generating sets, powertrain system for marine power, generating device market, diesel engine parts and marine gearbox parts. The company provides core power and complete solutions to the global shipping and energy electricity market.

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