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Shenzhen CECport Technologies Co (SZSE:001287) Interest Expense : ¥-572 Mil (TTM As of Mar. 2024)


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What is Shenzhen CECport Technologies Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shenzhen CECport Technologies Co's interest expense for the three months ended in Mar. 2024 was ¥ -163 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-572 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. Shenzhen CECport Technologies Co's Operating Income for the three months ended in Mar. 2024 was ¥ 222 Mil. Shenzhen CECport Technologies Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -163 Mil. Shenzhen CECport Technologies Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.36. 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.

Shenzhen CECport Technologies Co Interest Expense Historical Data

The historical data trend for Shenzhen CECport Technologies 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.

Shenzhen CECport Technologies Co Interest Expense Chart

Shenzhen CECport Technologies Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -192.07 -187.04 -258.91 -469.44 -534.60

Shenzhen CECport Technologies Co Quarterly Data
Dec18 Dec19 Dec20 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 -125.80 -151.44 -118.25 -139.12 -163.07

Shenzhen CECport Technologies 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 ¥-572 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.

Shenzhen CECport Technologies Co  (SZSE:001287) 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.

Shenzhen CECport Technologies Co's Interest Expense for the three months ended in Mar. 2024 was ¥-163 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥222 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥6 Mil.

Shenzhen CECport Technologies 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*222.251/-163.071
=1.36

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Shenzhen CECport Technologies Co Ltd interest coverage is 1.66, which is low.

Shenzhen CECport Technologies Co (SZSE:001287) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen CECport Technologies Co Ltd (SZSE:001287) » Definitions » Interest Expense
Comparable Companies
SZSE:001308 SZSE:301510 SZSE:300088 SHSE:600363 SZSE:300296 SHSE:688055 SHSE:688582 SZSE:000636 SZSE:300679 SHSE:688141 APH TPE:2317 TEL TSE:6981 SZSE:002475 TPE:2308 GLW XKRX:006400 SZSE:000725 JBL
Traded in Other Exchanges
N/A
Address
No. 1, Qianwan 1st Road, Room 201, Building A, Qianhai Shenzhen-Hong Kong Cooperation Zone, Guangdong Province, Shenzhen, CHN, 518000
Website
https://www.cecport.com
Shenzhen CECport Technologies Co Ltd is engaged in the distribution of electronic components, design chain services, supply chain collaboration and industrial data services.

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