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Zhejiang RIFA Precision Machinery Co (SZSE:002520) Interest Expense : ¥26 Mil (TTM As of Mar. 2024)


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What is Zhejiang RIFA Precision Machinery Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhejiang RIFA Precision Machinery Co's interest expense for the three months ended in Mar. 2024 was ¥ -13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥26 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 RIFA Precision Machinery Co's Operating Income for the three months ended in Mar. 2024 was ¥ -8 Mil. Zhejiang RIFA Precision Machinery Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -13 Mil. Zhejiang RIFA Precision Machinery Co did not have earnings to cover the interest expense. 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 RIFA Precision Machinery Co Interest Expense Historical Data

The historical data trend for Zhejiang RIFA Precision Machinery 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 RIFA Precision Machinery Co Interest Expense Chart

Zhejiang RIFA Precision Machinery 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 -76.22 -91.79 -89.09 -113.52 -6.51

Zhejiang RIFA Precision Machinery 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 -46.21 43.98 -43.84 39.55 -13.23

Zhejiang RIFA Precision Machinery 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 ¥26 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.

Zhejiang RIFA Precision Machinery Co  (SZSE:002520) 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.

Zhejiang RIFA Precision Machinery Co's Interest Expense for the three months ended in Mar. 2024 was ¥-13 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥62 Mil.

Zhejiang RIFA Precision Machinery Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Zhejiang RIFA Precision Machinery Co did not have earnings to cover the interest expense.

* 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.

Zhejiang RIFA Precision Machinery Co (SZSE:002520) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang RIFA Precision Machinery Co Ltd (SZSE:002520) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Nanyan Industry Zone, Zhejiang Province, Xinchang, CHN, 312500
Website
http://www.rifapm.com
Zhejiang RIFA Precision Machinery Co Ltd is a China-based company engaged in the manufacturing and distribution of computer numerical control (CNC) machine tools. It provides CNC lathes, CNC grinding machines, vertical machining centers, horizontal machining centers, as well as gantry machining centers, among others. It offers its products under the brand name RIFA. The company distributes its products within domestic market and to overseas markets.
Executives
Wang Ben Shan Directors, executives
Huang Lin Jun Supervisors
Wu Jie Director
Wang Ji Director
Dong Yi Guang Supervisors

Zhejiang RIFA Precision Machinery Co (SZSE:002520) Headlines

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