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Kingclean Electric Co (SHSE:603355) Interest Expense : ¥-127 Mil (TTM As of Mar. 2024)


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What is Kingclean Electric Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kingclean Electric Co's interest expense for the three months ended in Mar. 2024 was ¥ -35 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-127 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. Kingclean Electric Co's Operating Income for the three months ended in Mar. 2024 was ¥ 299 Mil. Kingclean Electric Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -35 Mil. Kingclean Electric Co's Interest Coverage for the quarter that ended in Mar. 2024 was 8.54. 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.

Kingclean Electric Co Interest Expense Historical Data

The historical data trend for Kingclean Electric 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.

Kingclean Electric Co Interest Expense Chart

Kingclean Electric 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 -13.02 -24.04 -32.93 -73.85 -113.09

Kingclean Electric 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 -21.18 -22.92 -28.68 -40.32 -34.95

Kingclean Electric 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 ¥-127 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.

Kingclean Electric Co  (SHSE:603355) 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.

Kingclean Electric Co's Interest Expense for the three months ended in Mar. 2024 was ¥-35 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥299 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥1,389 Mil.

Kingclean Electric 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*298.502/-34.954
=8.54

* 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.

Kingclean Electric Co (SHSE:603355) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Kingclean Electric Co Ltd (SHSE:603355) » Definitions » Interest Expense
Comparable Companies
SZSE:001323 SZSE:002705 SHSE:603515 SZSE:002572 SZSE:002242 SZSE:002818 SZSE:002959 SHSE:600651 SHSE:603801 SHSE:603219 SZSE:000333 SHSE:600690 SZSE:000651 TSE:9843 SHSE:603833 TPX SN WHR SZSE:002032 XPAR:SK
Traded in Other Exchanges
N/A
Address
Number 1 Xiangyang Road, Suzhou New District, Jiangsu Province, Suzhou, CHN, 215009
Website
http://www.kingclean.com
Kingclean Electric Co Ltd is a China-based company engaged in manufacturing and selling of vacuum cleaners. It also offers garden tools, car motor, hard floor polisher, carpet washer and small home appliances like food cooking machine, juicer, and soymilk maker. The company operates three categories of its core business, High-speed motor and automobile motor, Cleaning appliance and kitchen appliance, and Garden tool products.
Executives
Han Jian Director
Ni Zu Gen Director
Wang Ping Ping Director

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