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Henan Tong-Da Cable Co (SZSE:002560) Interest Expense : ¥-48 Mil (TTM As of Mar. 2024)


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What is Henan Tong-Da Cable Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Henan Tong-Da Cable Co's interest expense for the three months ended in Mar. 2024 was ¥ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-48 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. Henan Tong-Da Cable Co's Operating Income for the three months ended in Mar. 2024 was ¥ 24 Mil. Henan Tong-Da Cable Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -11 Mil. Henan Tong-Da Cable Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.07. 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.

Henan Tong-Da Cable Co Interest Expense Historical Data

The historical data trend for Henan Tong-Da Cable 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.

Henan Tong-Da Cable Co Interest Expense Chart

Henan Tong-Da Cable 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 -40.03 -23.82 -24.57 -39.80 -44.46

Henan Tong-Da Cable 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 -7.80 -11.95 -10.91 -13.80 -11.44

Henan Tong-Da Cable 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 ¥-48 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.

Henan Tong-Da Cable Co  (SZSE:002560) 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.

Henan Tong-Da Cable Co's Interest Expense for the three months ended in Mar. 2024 was ¥-11 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥24 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥308 Mil.

Henan Tong-Da Cable 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*23.622/-11.439
=2.07

* 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.

Henan Tong-Da Cable Co (SZSE:002560) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Henan Tong-Da Cable Co Ltd (SZSE:002560) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Shijiawan Industrial Zone, Henan, Yanshi, CHN, 471922
Website
http://www.hntddl.com
Henan Tong-Da Cable Co Ltd is engaged in the research, development, and production of wires and cables. The products of the company include home improvement green wire, overhead bare wire, overhead insulated wire, and control cable.
Executives
Liu Zhi Jian Secretary Dong
Yan Wen Ge Executives
Qu Hong Pu Directors, executives
Shi Wan Fu Director
Li Gao Jie Securities Affairs Representative
Cai Xiao Xian Supervisors
Zhang Zhi Zhong Directors, Directors, and Executives
Ma Yan Hong Supervisors
Shao Xue Liang Directors, executives

Henan Tong-Da Cable Co (SZSE:002560) Headlines

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