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Anhui Anfu Battery Technology Co (SHSE:603031) Interest Expense : ¥-70 Mil (TTM As of Mar. 2024)


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What is Anhui Anfu Battery Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Anhui Anfu Battery Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-70 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. Anhui Anfu Battery Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 382 Mil. Anhui Anfu Battery Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -18 Mil. Anhui Anfu Battery Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 20.79. 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.

Anhui Anfu Battery Technology Co Interest Expense Historical Data

The historical data trend for Anhui Anfu Battery Technology 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.

Anhui Anfu Battery Technology Co Interest Expense Chart

Anhui Anfu Battery Technology 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 -23.11 -17.07 -17.31 -99.52 -105.18

Anhui Anfu Battery Technology 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 -27.68 -16.33 -11.10 -23.75 -18.36

Anhui Anfu Battery Technology 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 ¥-70 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.

Anhui Anfu Battery Technology Co  (SHSE:603031) 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.

Anhui Anfu Battery Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-18 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥382 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥604 Mil.

Anhui Anfu Battery Technology 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*381.631/-18.356
=20.79

* 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.

Anhui Anfu Battery Technology Co (SHSE:603031) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Anhui Anfu Battery Technology Co Ltd (SHSE:603031) » Definitions » Interest Expense
Comparable Companies
SZSE:300617 SZSE:300909 SZSE:002346 SZSE:002979 SZSE:300870 SZSE:001208 SZSE:300208 SZSE:301150 SZSE:301310 SHSE:600468 SZSE:300750 XSWX:ABBN BKK:DELTA TSE:6503 XPAR:LR SZSE:300124 SZSE:300274 XKRX:247540 HUBB VRT
Traded in Other Exchanges
N/A
Address
No. 888 Qianshan Road, Room 1801, Baili Center, Shushan District, Anhui Province, Hefei, CHN, 238000
Website
http://www.sinoadl.com
Anhui Anfu Battery Technology Co Ltd is engaged in research and development, production and sales of batteries.
Executives
Liu Rong Hai Directors, senior managers
Liang Hong Ying senior management
Wang Xiao Fei senior management
Qian Yuan Bao Director
Liu Zhang Hong senior management
Jiang Shui Supervisors
Li Li Dong senior management
Chen Wei Supervisors
Yao Zhong Fa Director
Wang Cheng senior management
Zhou Tong Jiang senior management
Zhou Yuan Can senior management
Zhu Chun Hua Director
Ling Xiao Ming Director
Chen Xue Gao Director

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