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Sumec (SHSE:600710) Interest Expense : ¥-258 Mil (TTM As of Mar. 2024)


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What is Sumec Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sumec's interest expense for the three months ended in Mar. 2024 was ¥ -60 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-258 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. Sumec's Operating Income for the three months ended in Mar. 2024 was ¥ 779 Mil. Sumec's Interest Expense for the three months ended in Mar. 2024 was ¥ -60 Mil. Sumec's Interest Coverage for the quarter that ended in Mar. 2024 was 12.91. 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.

Sumec Interest Expense Historical Data

The historical data trend for Sumec'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.

Sumec Interest Expense Chart

Sumec 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 -643.66 -436.99 -500.37 -380.75 -258.79

Sumec 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 -60.96 -68.23 -64.63 -64.97 -60.33

Sumec 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 ¥-258 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.

Sumec  (SHSE:600710) 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.

Sumec's Interest Expense for the three months ended in Mar. 2024 was ¥-60 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥779 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥2,301 Mil.

Sumec'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*778.651/-60.334
=12.91

* 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.

Sumec (SHSE:600710) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sumec Corp Ltd (SHSE:600710) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Changjiang Road, SUMEC Building, No. 198, Xuanwu District, Nanjing, CHN, 210018
Website
http://www.sumec.com
Sumec Corp Ltd is engaged in trade and service, engineering contracting, and investment and development. The trade and service cover import and export of the bulk commodities including gardening instruments, electric tools, high-pressure washer, power generation equipment, garment, household textiles, automobile parts, medical devices, and others. Engineering contracting includes environmental engineering, energy engineering, and marine engineering; investment development includes strategic investment, industrial investment, project investment and financial investment.
Executives
Zhao Jian Guo senior management
Cai Ji Bo Director
Yang Guo Feng Supervisors
Peng Yuan Pu senior management
Jin Yong Chuan senior management
Yang Yong Qing Director
Gu Jian Su senior management
Chen Wei senior management
Wu Jian Ping Supervisors
Wang Wei Yan Director
Zou Jian Mao senior management
Jin Rong Hua Supervisors

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