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Hangzhou Cable Co (SHSE:603618) Interest Expense : ¥-173 Mil (TTM As of Mar. 2024)


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What is Hangzhou Cable Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hangzhou Cable Co's interest expense for the three months ended in Mar. 2024 was ¥ -27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-173 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. Hangzhou Cable Co's Operating Income for the three months ended in Mar. 2024 was ¥ 92 Mil. Hangzhou Cable Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -27 Mil. Hangzhou Cable Co's Interest Coverage for the quarter that ended in Mar. 2024 was 3.39. 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.

Hangzhou Cable Co Interest Expense Historical Data

The historical data trend for Hangzhou Cable 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.

Hangzhou Cable Co Interest Expense Chart

Hangzhou Cable 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 -78.99 -108.07 -161.99 -173.99 -166.11

Hangzhou Cable 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 -20.32 -46.64 -37.49 -61.66 -27.15

Hangzhou Cable 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 ¥-173 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.

Hangzhou Cable Co  (SHSE:603618) 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.

Hangzhou Cable Co's Interest Expense for the three months ended in Mar. 2024 was ¥-27 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥92 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥918 Mil.

Hangzhou Cable 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*91.937/-27.147
=3.39

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Hangzhou Cable Co Ltd interest coverage is 2.56, which is low.

Hangzhou Cable Co (SHSE:603618) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Cable Co Ltd (SHSE:603618) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
6th Street 68-1, Hangzhou Economic Development Zone, Zhejiang Province, Hangzhou, CHN
Website
http://www.hzcables.com
Hangzhou Cable Co Ltd engaged in the research and development, manufacturing and sale of wire and cable. The Company researches develop, produces and markets EHV cables, plastic wire, rubber cable and aerial cable, Aluminium alloy, Power cable, Rubber sleeve cable, Overhead wire, Mining cable and Control cable.
Executives
Hu Jian Ming senior management
Hua Jian Fei Director
Lu Chun Xiao Director
Ni Yi Jian Directors, senior managers
Zhang Xu Dong Supervisors
Yin Zhi Ping senior management
Zhang Qin Ying Director
Zheng Xiu Hua Director
Sun Qing Yan Director
Zhang Xiu Hua senior management

Hangzhou Cable Co (SHSE:603618) Headlines

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