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Dongguan Yiheda Automation Co (SZSE:301029) Interest Expense : ¥-1 Mil (TTM As of Mar. 2024)


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What is Dongguan Yiheda Automation Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Dongguan Yiheda Automation Co's interest expense for the three months ended in Mar. 2024 was ¥ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-1 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. Dongguan Yiheda Automation Co's Operating Income for the three months ended in Mar. 2024 was ¥ 100 Mil. Dongguan Yiheda Automation Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0 Mil. Dongguan Yiheda Automation Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1,002.82. 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.

Dongguan Yiheda Automation Co Interest Expense Historical Data

The historical data trend for Dongguan Yiheda Automation 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.

Dongguan Yiheda Automation Co Interest Expense Chart

Dongguan Yiheda Automation Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -0.22 -0.30 - -0.57 -0.91

Dongguan Yiheda Automation Co Quarterly Data
Dec18 Mar19 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 -0.26 -0.23 -0.23 -0.18 -0.10

Dongguan Yiheda Automation 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 ¥-1 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.

Dongguan Yiheda Automation Co  (SZSE:301029) 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.

Dongguan Yiheda Automation Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥100 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥9 Mil.

Dongguan Yiheda Automation 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*100.282/-0.1
=1,002.82

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Dongguan Yiheda Automation Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Dongguan Yiheda Automation Co (SZSE:301029) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dongguan Yiheda Automation Co Ltd (SZSE:301029) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Dongfang Industrial Zone, Beizha, Humen Town, Guangdong Province, Dongguan, CHN, 523000
Website
https://www.yhdfa.com
Dongguan Yiheda Automation Co Ltd specializes in the research and development, production and sales of automation components, and provides one-stop supply of factory automation components. The company is deeply involved in the automation equipment industry.

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