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AECC Aviation Power Co (SHSE:600893) Interest Expense : ¥-323 Mil (TTM As of Mar. 2024)


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What is AECC Aviation Power Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AECC Aviation Power Co's interest expense for the three months ended in Mar. 2024 was ¥ -74 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-323 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. AECC Aviation Power Co's Operating Income for the three months ended in Mar. 2024 was ¥ 188 Mil. AECC Aviation Power Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -74 Mil. AECC Aviation Power Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.55. 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.

AECC Aviation Power Co Interest Expense Historical Data

The historical data trend for AECC Aviation Power 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.

AECC Aviation Power Co Interest Expense Chart

AECC Aviation Power 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 -18.98 -19.25 -12.97 -150.61 -295.98

AECC Aviation Power 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 -46.88 -57.64 -80.84 -110.63 -73.63

AECC Aviation Power 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 ¥-323 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.

AECC Aviation Power Co  (SHSE:600893) 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.

AECC Aviation Power Co's Interest Expense for the three months ended in Mar. 2024 was ¥-74 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥188 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥657 Mil.

AECC Aviation Power 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*187.941/-73.629
=2.55

* 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.

AECC Aviation Power Co (SHSE:600893) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AECC Aviation Power Co Ltd (SHSE:600893) » Definitions » Interest Expense
Comparable Companies
SHSE:600760 SHSE:601989 SZSE:000768 SHSE:600372 SHSE:600038 SHSE:600118 SHSE:600685 SHSE:601866 SHSE:688297 SZSE:000738 GE RTX XPAR:AIR LMT BA XPAR:SAF GD NOC TDG LSE:BA.
Traded in Other Exchanges
N/A
Address
Fengcheng Road, Weiyang District, Shaanxi Province, Xi'an, CHN, 710021
Website
http://www.xaec.com
AECC Aviation Power Co Ltd is a China-based manufacturer of aeronautical engines. It engaged in the design, development, production, maintenance, marketing and after-sales service of military aircraft and civil aircraft power devices, second power devices, gas turbines, helicopter transmission systems, and aero-engine technology derivative products; customers involved in aviation, aerospace, ships, weapons, Energy and airspace and other fields. The company designs and produces products such as turbojets, turbofans, turboshafts, turboprops, and pistons, such as aero engines, gas turbines, and helicopter transmission systems.

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