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Zhejiang Tiantie Industry Co (SZSE:300587) Interest Expense : ¥-60 Mil (TTM As of Mar. 2024)


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What is Zhejiang Tiantie Industry Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhejiang Tiantie Industry Co's interest expense for the three months ended in Mar. 2024 was ¥ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-60 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 Tiantie Industry Co's Operating Income for the three months ended in Mar. 2024 was ¥ 74 Mil. Zhejiang Tiantie Industry Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -18 Mil. Zhejiang Tiantie Industry Co's Interest Coverage for the quarter that ended in Mar. 2024 was 4.08. 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 Tiantie Industry Co Interest Expense Historical Data

The historical data trend for Zhejiang Tiantie 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.

* Premium members only.

Zhejiang Tiantie Industry Co Interest Expense Chart

Zhejiang Tiantie Industry 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 -29.79 -42.19 -38.65 -45.43 -59.47

Zhejiang Tiantie 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 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 -11.91 -8.14 -17.78 -15.86 -18.13

Zhejiang Tiantie 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 ¥-60 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 Tiantie Industry Co  (SZSE:300587) 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 Tiantie Industry Co's Interest Expense for the three months ended in Mar. 2024 was ¥-18 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥74 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥1,250 Mil.

Zhejiang Tiantie 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*73.884/-18.128
=4.08

* 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 Tiantie Industry Co (SZSE:300587) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Zhejiang Tiantie Industry Co Ltd (SZSE:300587) » Definitions » Interest Expense
Comparable Companies
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Traded in Other Exchanges
N/A
Address
No.928, Renmin East Road, Tiantai County, Zhejiang Province, Taizhou, CHN, 317200
Website
http://www.tiantie.cn
Zhejiang Tiantie Industry Co Ltd provides engineering rubber products. The company manufactures and sells industrial rubber goods, rubberized fabrics, and other rubber products. It offers track structures, such as rails, sleepers, and ballast; vibration damping products; isolated rubber damping pads; embedded rubber crossing boards and plates; conveyor belts; elastic components; and sealing products and other rubber products.
Executives
Wang Sen Rong Executives
Zheng Shuang Lian Executives
Zheng Jian Feng Executives
Niu Wen Qiang Directors, executives
Di Xiao Yu Supervisors
Xu Ji Ding Director
Lu Ling Xiao Supervisors
Fan Wei Wei Directors, executives
Xu Yin Bin Directors, executives
Xu Kong Bin Directors, executives
Zhu Jian Zhong Executives
Yang Tai Feng Executives
Wang Bo Directors, executives
Fan Wen Rong Securities Affairs Representative

Zhejiang Tiantie Industry Co (SZSE:300587) Headlines

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