Fuyao Glass Industry Group Co (HKSE:03606) Interest Expense : HK$-325 Mil (TTM As of Mar. 2024)

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What is Fuyao Glass Industry Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fuyao Glass Industry Group Co's interest expense for the three months ended in Mar. 2024 was HK$ -78 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was HK$-325 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. Fuyao Glass Industry Group Co's Operating Income for the three months ended in Mar. 2024 was HK$ 1,994 Mil. Fuyao Glass Industry Group Co's Interest Expense for the three months ended in Mar. 2024 was HK$ -78 Mil. Fuyao Glass Industry Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 25.73. 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.

Fuyao Glass Industry Group Co Interest Expense Historical Data

The historical data trend for Fuyao Glass Industry Group 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.

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Fuyao Glass Industry Group Co Interest Expense Chart

Fuyao Glass Industry Group Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-481.47

-420.54

-390.53

-321.75

-315.36

Fuyao Glass Industry Group 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															-69.30	-94.71	-78.32	-74.24	-77.51

Fuyao Glass Industry Group 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 HK$-325 Mil.

Fuyao Glass Industry Group Co (HKSE:03606) 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.

Fuyao Glass Industry Group Co's Interest Expense for the three months ended in Mar. 2024 was HK$-78 Mil. Its Operating Income for the three months ended in Mar. 2024 was HK$1,994 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was HK$10,820 Mil.

Fuyao Glass Industry Group 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	*	1994.039	/	-77.511
	=	25.73

The higher the ratio, the stronger the company's financial strength is.

Fuyao Glass Industry Group Co (HKSE:03606) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fuyao Glass Industry Group Co Ltd (HKSE:03606) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

FYGGY:USA 4FG:Germany 600660:China

Address

Fuyao Industrial Zone II, Fujian Province, Fuqing, CHN, 350301

Website

https://www.fuyaogroup.com

Fuyao Glass Industry Group Co Ltd manufactures and sells glass to be fitted in automobiles. The company is principally engaged in providing total solutions of safety glass and automotive accessories for various transportation vehicles, including the design, manufacture, and sale of automotive grade float glass, automotive glass, locomotive glass, luggage racks, vehicle window trims, and provision of relevant services. The Company's product portfolio consists of automobile glasses, such as coating glasses and others, which are applied in passenger cars, buses, limousines and others, and float glasses. The Company distributes its products within domestic markets and overseas markets. Geographically, it derives a majority of its revenue from China.

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