Wangli Security & Surveillance Product Co (SHSE:605268) Interest Expense : ¥-18 Mil (TTM As of Mar. 2024)

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What is Wangli Security & Surveillance Product Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wangli Security & Surveillance Product Co's interest expense for the three months ended in Mar. 2024 was ¥ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-18 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. Wangli Security & Surveillance Product Co's Operating Income for the three months ended in Mar. 2024 was ¥ 17 Mil. Wangli Security & Surveillance Product Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -4 Mil. Wangli Security & Surveillance Product Co's Interest Coverage for the quarter that ended in Mar. 2024 was 4.13. 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.

Wangli Security & Surveillance Product Co Interest Expense Historical Data

The historical data trend for Wangli Security & Surveillance Product 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.

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Wangli Security & Surveillance Product Co Interest Expense Chart

Wangli Security & Surveillance Product Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.36

-0.72

-2.75

-17.13

-17.35

Wangli Security & Surveillance Product 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															-3.62	-3.61	-3.87	-6.24	-4.17

Wangli Security & Surveillance Product 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 ¥-18 Mil.

Wangli Security & Surveillance Product Co (SHSE:605268) 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.

Wangli Security & Surveillance Product Co's Interest Expense for the three months ended in Mar. 2024 was ¥-4 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥17 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥2 Mil.

Wangli Security & Surveillance Product 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	*	17.234	/	-4.168
	=	4.13

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

Wangli Security & Surveillance Product Co (SHSE:605268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Wangli Security & Surveillance Product Co Ltd (SHSE:605268) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Hardware Technology Industrial Park, Zhejiang Province, Yongkang, CHN, 321300

Website

http://www.wanglianfang.com

Wangli Security & Surveillance Product Co Ltd is engaged in the research and development, design, production and sales of door products such as security doors and lock products such as mechanical locks and smart locks.

Executives

Zhi Chong Zheng	senior management
Ying Min	Director
Wang Li Xia	senior management
Hu Ying Jiang	Director
Chen Li	senior management
Chen Zhi Xian	senior management
Li Qiong Xing	senior management
Wang Shun Da	senior management

Wangli Security & Surveillance Product Co (SHSE:605268) Headlines

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