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Haier Smart Home Co (SHSE:600690) Interest Expense : ¥-2,317 Mil (TTM As of Mar. 2024)


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What is Haier Smart Home Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Haier Smart Home Co's interest expense for the three months ended in Mar. 2024 was ¥ -601 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-2,317 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. Haier Smart Home Co's Operating Income for the three months ended in Mar. 2024 was ¥ 5,716 Mil. Haier Smart Home Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -601 Mil. Haier Smart Home Co's Interest Coverage for the quarter that ended in Mar. 2024 was 9.51. 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.

Haier Smart Home Co Interest Expense Historical Data

The historical data trend for Haier Smart Home 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.

Haier Smart Home Co Interest Expense Chart

Haier Smart Home 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 -1,747.11 -1,327.09 -712.45 -984.14 -2,110.00

Haier Smart Home 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 -393.63 -481.45 -424.07 -810.85 -600.82

Haier Smart Home 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 ¥-2,317 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.

Haier Smart Home Co  (SHSE:600690) 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.

Haier Smart Home Co's Interest Expense for the three months ended in Mar. 2024 was ¥-601 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥5,716 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥22,053 Mil.

Haier Smart Home 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*5715.589/-600.815
=9.51

* 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.

Haier Smart Home Co (SHSE:600690) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Haier Smart Home Co Ltd (SHSE:600690) » Definitions » Interest Expense
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SZSE:000651 SZSE:000333 SZSE:002032 SZSE:000921 SHSE:605117 SHSE:603833 SHSE:603816 SHSE:603486 SHSE:600839 SZSE:002508 TSE:9843 SN TPX MHK XPAR:SK LSE:HWDN WHR MIL:DLG TPE:2059 TPE:8464
Traded in Other Exchanges
HSHCY:USA HRSHF:USA 06690:Hong Kong 690D:Germany
Address
Haier Industrial Park, Laoshan District, Shandong Province, Qingdao, CHN, 266101
Website
https://smart-home.haier.com/cn
Haier Smart Home Co Ltd manufactures and distributes household electrical appliances. It offers products such as refrigerators, air conditioners, washing machine, microwave ovens, smoke exhausters, gas stoves, dishwashers, electrical water heaters and others under the brand name Haier, Casarte, Leader, AQUA and Fisher & Paykel. The company has three business segments namely China smart home business: Overseas home appliance and smart home business segment Other business segments. The products of the group are traded in mainland China and in other overseas markets including Hong Kong, Macau, and Taiwan.

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