Chengdu Sino Microelectronics Tech Co (SHSE:688709) Interest Expense : ¥-11.7 Mil (TTM As of Mar. 2024)

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What is Chengdu Sino Microelectronics Tech Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chengdu Sino Microelectronics Tech Co's interest expense for the three months ended in Mar. 2024 was ¥ -2.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-11.7 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. Chengdu Sino Microelectronics Tech Co's Operating Income for the three months ended in Mar. 2024 was ¥ 65.8 Mil. Chengdu Sino Microelectronics Tech Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -2.7 Mil. Chengdu Sino Microelectronics Tech Co's Interest Coverage for the quarter that ended in Mar. 2024 was 23.98. 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.

Chengdu Sino Microelectronics Tech Co Interest Expense Historical Data

The historical data trend for Chengdu Sino Microelectronics Tech 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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Chengdu Sino Microelectronics Tech Co Interest Expense Chart

Chengdu Sino Microelectronics Tech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.20

-3.91

-3.08

-8.22

-11.35

Chengdu Sino Microelectronics Tech Co Quarterly Data
	Dec18	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial								-2.40	-2.69	-3.15	-3.11	-2.74

Chengdu Sino Microelectronics Tech 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 ¥-11.7 Mil.

Chengdu Sino Microelectronics Tech Co (SHSE:688709) 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.

Chengdu Sino Microelectronics Tech Co's Interest Expense for the three months ended in Mar. 2024 was ¥-2.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥65.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥294.7 Mil.

Chengdu Sino Microelectronics Tech 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	*	65.805	/	-2.744
	=	23.98

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

Chengdu Sino Microelectronics Tech Co (SHSE:688709) Business Description

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Chengdu Sino Microelectronics Tech Co Ltd is engaged in research and development, design, testing and sales of special integrated circuits.

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