Jiangsu Hongdou Industry Co (SHSE:600400) Interest Expense : ¥-37 Mil (TTM As of Mar. 2024)

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What is Jiangsu Hongdou Industry Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangsu Hongdou Industry Co's interest expense for the three months ended in Mar. 2024 was ¥ -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-37 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 Hongdou Industry Co's Operating Income for the three months ended in Mar. 2024 was ¥ 38 Mil. Jiangsu Hongdou Industry Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -12 Mil. Jiangsu Hongdou Industry Co's Interest Coverage for the quarter that ended in Mar. 2024 was 3.09. 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 Hongdou Industry Co Interest Expense Historical Data

The historical data trend for Jiangsu Hongdou Industry 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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Jiangsu Hongdou Industry Co Interest Expense Chart

Jiangsu Hongdou Industry Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-28.31

-13.38

-23.19

-32.91

-31.48

Jiangsu Hongdou Industry 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															-6.51	-13.42	-4.32	-7.22	-12.24

Jiangsu Hongdou Industry 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 ¥-37 Mil.

Jiangsu Hongdou Industry Co (SHSE:600400) 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.

Jiangsu Hongdou Industry Co's Interest Expense for the three months ended in Mar. 2024 was ¥-12 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥38 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥381 Mil.

Jiangsu Hongdou Industry 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	*	37.832	/	-12.237
	=	3.09

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

Jiangsu Hongdou Industry Co (SHSE:600400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jiangsu Hongdou Industry Co Ltd (SHSE:600400) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Donggang Town, Xishan District, Jiangsu Province, Wuxi, CHN, 214199

Website

http://www.hongdou.com.cn

Jiangsu Hongdou Industry Co Ltd produces and sells clothing, knitwear and nylon yarn. It is also involved in design, development, and sales of smart wearable devices; shoes, hats, and leather goods , Luggage, eyewear; sales of sanitary ware, daily necessities, cosmetics, hygiene products, stationery, sporting goods, arts and crafts, food, household appliances, electronics, furniture, props, lamps, audio equipment; and books and periodicals.

Executives

Wang Chang Hui	Directors, senior managers
He Xu Li	Supervisors
Yang Qi Sheng	senior management
Ren Lang Ning	Director
Meng Xiao Ping	senior management
Gu Jin Long	Directors, senior managers
Dai Min Jun	Director
Tan Xiao Xia	senior management
Ye Wei	Supervisors
Xu Jian Feng	Supervisors
Gu Yan Chun	Director
Min Jie	Director
Zhou Hong Jiang	Director
Xi Feng	Supervisors
Liu Lian Hong	Director

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