Tongyu Heavy Industry Co (SZSE:300185) Interest Expense : ¥-174 Mil (TTM As of Mar. 2024)

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What is Tongyu Heavy Industry Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tongyu Heavy Industry Co's interest expense for the three months ended in Mar. 2024 was ¥ -38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-174 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. Tongyu Heavy Industry Co's Operating Income for the three months ended in Mar. 2024 was ¥ 71 Mil. Tongyu Heavy Industry Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -38 Mil. Tongyu Heavy Industry Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.85. 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.

Tongyu Heavy Industry Co Interest Expense Historical Data

The historical data trend for Tongyu Heavy Industry 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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Tongyu Heavy Industry Co Interest Expense Chart

Tongyu Heavy Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-205.47

-234.01

-168.52

-187.12

-179.99

Tongyu Heavy Industry 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															-44.46	-46.25	-45.16	-44.13	-38.37

Tongyu Heavy Industry 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 ¥-174 Mil.

Tongyu Heavy Industry Co (SZSE:300185) 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.

Tongyu Heavy Industry Co's Interest Expense for the three months ended in Mar. 2024 was ¥-38 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥71 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥1,992 Mil.

Tongyu Heavy Industry 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	*	70.931	/	-38.367
	=	1.85

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Tongyu Heavy Industry Co Ltd interest coverage is 2.6, which is low.

Tongyu Heavy Industry Co (SZSE:300185) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tongyu Heavy Industry Co Ltd (SZSE:300185) » Definitions » Interest Expense

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Address

High-tech Industrial Development Zone, Yucheng City, CHN, 251200

Website

http://www.tongyuheavy.com

Tongyu Heavy Industry Co Ltd is engaged in research and development, manufacture and sale of large forgings and castings. Its products include the main shaft for wind turbine tower, pipe mold, roll, pressure vessel forgings, open die forgings, castings, electroslag remelting ingot, steel ingot, fabrications, and full sets of equipment.

Executives

Shi Ai Jun	Executives
Si Xing Kui	Director
Zhang Ji Sen	Supervisors
Zhu Jin Zhi	Director
Li Jing	Supervisors
Si Yong	Director
Zhao Li Jun	Supervisors
Liang Ji Feng	Executives
Wang Shi Zhen	Director
Zhu Jian Ming	Director
Si Chao Xin	Executives
Chen Lian Lian	Director
Li De Xing	Executives
Yang Xing Hou	Executives
Ni Hong Yun	Executives

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