Suzhou Victory Precision Manufacture Co (SZSE:002426) Interest Expense : ¥-103 Mil (TTM As of Mar. 2024)

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What is Suzhou Victory Precision Manufacture Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Suzhou Victory Precision Manufacture Co's interest expense for the three months ended in Mar. 2024 was ¥ -26 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-103 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. Suzhou Victory Precision Manufacture Co's Operating Income for the three months ended in Mar. 2024 was ¥ 23 Mil. Suzhou Victory Precision Manufacture Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -26 Mil. Suzhou Victory Precision Manufacture Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.86. 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.

Suzhou Victory Precision Manufacture Co Interest Expense Historical Data

The historical data trend for Suzhou Victory Precision Manufacture 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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Suzhou Victory Precision Manufacture Co Interest Expense Chart

Suzhou Victory Precision Manufacture Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-336.45

-222.55

-178.31

-119.45

-103.14

Suzhou Victory Precision Manufacture 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															-26.16	-26.65	-26.84	-23.49	-26.41

Suzhou Victory Precision Manufacture 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 ¥-103 Mil.

Suzhou Victory Precision Manufacture Co (SZSE:002426) 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.

Suzhou Victory Precision Manufacture Co's Interest Expense for the three months ended in Mar. 2024 was ¥-26 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥23 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥167 Mil.

Suzhou Victory Precision Manufacture 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	*	22.798	/	-26.413
	=	0.86

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

Suzhou Victory Precision Manufacture Co (SZSE:002426) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Victory Precision Manufacture Co Ltd (SZSE:002426) » Definitions » Interest Expense

Comparable Companies

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Address

No 55 Xujing Road Xuguan, Industry Zone, Suzhou New District, Suzhou, CHN, 215151

Website

http://www.vicsz.com

Suzhou Victory Precision Manufacture Co Ltd is engaged in the business of manufacturing, designing, and selling precision mechanical parts. The products of the company are used in the television industry, notebook computers, and back covers.

Executives

Gao Yu Gen	Directors, executives
Wu Jia Fu	Directors, executives
Chen Xi	Supervisors
Bao Yan Qing	Directors, executives
Cao Hai Feng	Directors, executives
Chen Xiao Ming	Supervisors
Chen Yan Liang	Director
Gao Xue Song	Directors, executives
Xu Jia Jin	Director
Rui Yan Nian	Independent director
Zhang Hai Long	Executives

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