Zhejiang Weixing New Building Materials Co (SZSE:002372) Interest Expense : ¥-37 Mil (TTM As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Zhejiang Weixing New Building Materials Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhejiang Weixing New Building Materials Co's interest expense for the three months ended in Mar. 2024 was ¥ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-37 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. Zhejiang Weixing New Building Materials Co's Operating Income for the three months ended in Mar. 2024 was ¥ 168 Mil. Zhejiang Weixing New Building Materials Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0 Mil. Zhejiang Weixing New Building Materials Co's Interest Coverage for the quarter that ended in Mar. 2024 was 785.31. 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.

Zhejiang Weixing New Building Materials Co Interest Expense Historical Data

The historical data trend for Zhejiang Weixing New Building Materials 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.

Zhejiang Weixing New Building Materials Co Interest Expense Chart

Zhejiang Weixing New Building Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-0.06

-1.74

-0.41

-0.02

-0.26

Zhejiang Weixing New Building Materials 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															-	-36.26	-0.09	0.02	-0.21

Zhejiang Weixing New Building Materials 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 ¥-37 Mil.

Zhejiang Weixing New Building Materials Co (SZSE:002372) 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.

Zhejiang Weixing New Building Materials Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥168 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥11 Mil.

Zhejiang Weixing New Building Materials 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	*	168.057	/	-0.214
	=	785.31

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

Zhejiang Weixing New Building Materials Co (SZSE:002372) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhejiang Weixing New Building Materials Co Ltd (SZSE:002372) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Linhai Economic Development Zone, Zhejiang, Taizhou, CHN, 317000

Website

https://www.vasen.com

Zhejiang Weixing New Building Materials Co Ltd is a China-based company engaged in manufacturing and processing plastic pipe, new building materials, raw and auxiliary accessories, sanitary ware, water meters and valves. Its brands consist of Weixing, annette, and KALE.

Executives

Jin Hong Yang	Directors, executives
Qi Jin Xiu	Executives
Xie Jin Kun	Director
Chen An Men	Executives
Zhang San Yun	Director
Li Xiao Ming	Securities Affairs Representative
Zhang Ka Peng	Director
Chen Guo Gui	Supervisors
Shi Guo Jun	Executives
Qu San Lu	Executives

Zhejiang Weixing New Building Materials Co (SZSE:002372) Headlines

No Headlines