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Shanghai Automobile Air-Conditioner Accessories Co (SHSE:603107) Interest Expense : ¥-5 Mil (TTM As of Mar. 2024)


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What is Shanghai Automobile Air-Conditioner Accessories Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Automobile Air-Conditioner Accessories Co's interest expense for the three months ended in Mar. 2024 was ¥ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-5 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. Shanghai Automobile Air-Conditioner Accessories Co's Operating Income for the three months ended in Mar. 2024 was ¥ 44 Mil. Shanghai Automobile Air-Conditioner Accessories Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0 Mil. Shanghai Automobile Air-Conditioner Accessories Co's Interest Coverage for the quarter that ended in Mar. 2024 was 244.60. 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.

Shanghai Automobile Air-Conditioner Accessories Co Interest Expense Historical Data

The historical data trend for Shanghai Automobile Air-Conditioner Accessories 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.

Shanghai Automobile Air-Conditioner Accessories Co Interest Expense Chart

Shanghai Automobile Air-Conditioner Accessories Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -6.20 -7.47 -6.55 -6.30 -6.39

Shanghai Automobile Air-Conditioner Accessories Co Quarterly Data
Dec17 Dec18 Dec19 Jun20 Dec20 Dec21 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 -1.52 -1.51 -1.23 -2.12 -0.18

Shanghai Automobile Air-Conditioner Accessories 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 ¥-5 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.

Shanghai Automobile Air-Conditioner Accessories Co  (SHSE:603107) 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.

Shanghai Automobile Air-Conditioner Accessories Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥44 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥162 Mil.

Shanghai Automobile Air-Conditioner Accessories 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*44.272/-0.181
=244.60

* 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.

Shanghai Automobile Air-Conditioner Accessories Co (SHSE:603107) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Automobile Air-Conditioner Accessories Co Ltd (SHSE:603107) » Definitions » Interest Expense
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Address
No. 1188, Lianxi Road, Pudong New Area, Shanghai, CHN, 201204
Website
Shanghai Automobile Air-Conditioner Accessories Co Ltd is engaged in research & development, production and sales of automobile parts such as air conditioning pipes and fuel distribution pipes.

Shanghai Automobile Air-Conditioner Accessories Co (SHSE:603107) Headlines

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