Jingjin Equipment (SHSE:603279) Interest Expense : ¥-6 Mil (TTM As of Mar. 2024)

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What is Jingjin Equipment Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jingjin Equipment's interest expense for the three months ended in Mar. 2024 was ¥ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-6 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. Jingjin Equipment's Operating Income for the three months ended in Mar. 2024 was ¥ 292 Mil. Jingjin Equipment's Interest Expense for the three months ended in Mar. 2024 was ¥ -1 Mil. Jingjin Equipment's Interest Coverage for the quarter that ended in Mar. 2024 was 228.66. 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.

Jingjin Equipment Interest Expense Historical Data

The historical data trend for Jingjin Equipment'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.

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Jingjin Equipment Interest Expense Chart

Jingjin Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.46

-0.07

-0.39

-1.31

-4.61

Jingjin Equipment 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															-0.13	-1.67	-1.29	-1.53	-1.28

Jingjin Equipment 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 ¥-6 Mil.

Jingjin Equipment (SHSE:603279) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Jingjin Equipment's Interest Expense for the three months ended in Mar. 2024 was ¥-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥292 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0 Mil.

Jingjin Equipment'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	*	292.224	/	-1.278
	=	228.66

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Jingjin Equipment Inc has enough cash to cover all of its debt. Its financial situation is stable.

Jingjin Equipment (SHSE:603279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jingjin Equipment Inc (SHSE:603279) » Definitions » Interest Expense

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Address

North Head of Jinghua Road, Dezhou economic development zone, Shandong Province, Dezhou, CHN, 253034

Website

http://www.jjylj.com

Jingjin Equipment Inc is an environmental protection service provider of filter outfit production, filter technology overall plan solution and environment protection project contraction and operation. The comapny is engaged in the development of energy conservation and environment protection career, providing consumers by cost-effective products and professional quality service. Its products include pressure filter, vibrating centrifuge, blender, conveyor, automatic reagent feeder, double drive thickener, mud scraper, and cake breaker.

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