Jiangsu Tongrun Equipment Technology Co (SZSE:002150) Interest Expense : ¥-19 Mil (TTM As of Mar. 2024)

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What is Jiangsu Tongrun Equipment Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangsu Tongrun Equipment Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-19 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. Jiangsu Tongrun Equipment Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 41 Mil. Jiangsu Tongrun Equipment Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -9 Mil. Jiangsu Tongrun Equipment Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 4.72. 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.

Jiangsu Tongrun Equipment Technology Co Interest Expense Historical Data

The historical data trend for Jiangsu Tongrun Equipment Technology 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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Jiangsu Tongrun Equipment Technology Co Interest Expense Chart

Jiangsu Tongrun Equipment Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.51

-0.43

-0.69

-10.73

Jiangsu Tongrun Equipment Technology 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															-0.22	-1.19	-2.89	-6.44	-8.63

Jiangsu Tongrun Equipment Technology 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 ¥-19 Mil.

Jiangsu Tongrun Equipment Technology Co (SZSE:002150) 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.

Jiangsu Tongrun Equipment Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-9 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥41 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥653 Mil.

Jiangsu Tongrun Equipment Technology 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	*	40.721	/	-8.63
	=	4.72

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

Jiangsu Tongrun Equipment Technology Co (SZSE:002150) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Tongrun Equipment Technology Co Ltd (SZSE:002150) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

Tonggang Road, Zhouxing Tonggang Industrial Development Zone, Jiangsu, Changshu, CHN, 215517

Website

http://www.tongrunindustries.com

Jiangsu Tongrun Equipment Technology Co Ltd is engaged in business of sheet metal products and electrical products. The products of the company include metal toolbox cabinets, steel office furniture, precision sheet metal parts, complete set of electrical control cabinets, and high voltage circuit breakers. The company generates majority of revenue from metal tool manufacturing.

Executives

Cai Lan	Directors, executives
Wang Yue Hong	Directors, executives
Liu Zhen Jiang	Directors, executives
Wang Xiang Yuan	Supervisors
Liu Xiao Yu	Securities Affairs Representative
Gao Jin Xiang	Director
Gu Xiong Bin	Director
Shen Hong	Director

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