Hangzhou Minsheng Healthcare Co (SZSE:301507) Interest Expense : ¥-0.1 Mil (TTM As of Mar. 2024)

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What is Hangzhou Minsheng Healthcare Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hangzhou Minsheng Healthcare Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-0.1 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. Hangzhou Minsheng Healthcare Co's Operating Income for the three months ended in Mar. 2024 was ¥ 59.0 Mil. Hangzhou Minsheng Healthcare Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.0 Mil. Hangzhou Minsheng Healthcare Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1,371.84. 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.

Hangzhou Minsheng Healthcare Co Interest Expense Historical Data

The historical data trend for Hangzhou Minsheng Healthcare 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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Hangzhou Minsheng Healthcare Co Interest Expense Chart

Hangzhou Minsheng Healthcare Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3.86

-2.46

-0.51

-0.16

-0.11

Hangzhou Minsheng Healthcare Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial									-0.04	-	-	-0.03	-0.04

Hangzhou Minsheng Healthcare 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 ¥-0.1 Mil.

Hangzhou Minsheng Healthcare Co (SZSE:301507) 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.

Hangzhou Minsheng Healthcare Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥59.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0.8 Mil.

Hangzhou Minsheng Healthcare 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	*	58.989	/	-0.043
	=	1,371.84

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. Hangzhou Minsheng Healthcare Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Hangzhou Minsheng Healthcare Co (SZSE:301507) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hangzhou Minsheng Healthcare Co Ltd (SZSE:301507) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

No. 101, Xintian Road, Donghu Street, Linping, Zhejiang, Hangzhou, CHN, 311100

Website

http://www.21vita.com

Hangzhou Minsheng Healthcare Co Ltd focuses on the field of vitamin and mineral supplements and is a high-tech enterprise integrating research and development, production and sales of vitamin and mineral over-the-counter drugs and health food. The company's current main product is 21 Golden Vita multi-dimensional element tablets (21).

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