Changzhou Evergreen Technology Co (SZSE:001324) Interest Expense : ¥-1.2 Mil (TTM As of Mar. 2024)

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What is Changzhou Evergreen Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Changzhou Evergreen Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-1.2 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. Changzhou Evergreen Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 10.5 Mil. Changzhou Evergreen Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.1 Mil. Changzhou Evergreen Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 87.87. 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.

Changzhou Evergreen Technology Co Interest Expense Historical Data

The historical data trend for Changzhou Evergreen Technology 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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Changzhou Evergreen Technology Co Interest Expense Chart

Changzhou Evergreen Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.22

-2.78

-0.80

-1.61

-1.14

Changzhou Evergreen Technology 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									-0.02	-0.40	-0.05	-0.68	-0.12

Changzhou Evergreen Technology 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 ¥-1.2 Mil.

Changzhou Evergreen Technology Co (SZSE:001324) 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.

Changzhou Evergreen Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥10.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥3.3 Mil.

Changzhou Evergreen Technology 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	*	10.456	/	-0.119
	=	87.87

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. Changzhou Evergreen Technology Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Changzhou Evergreen Technology Co (SZSE:001324) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Changzhou Evergreen Technology Co Ltd (SZSE:001324) » Definitions » Interest Expense

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Address

No. 300, Hehai West Road, Xinbei District, Jiangsu, Changzhou, CHN, 213125

Website

https://www.cetrail.com

Changzhou Evergreen Technology Co Ltd is a high-tech enterprise based on the development and application of sandwich composite materials, mainly providing supporting products and integrated solutions for the interior decoration of rail transit vehicles and building interior and exterior decoration. The company has participated in the formulation of many national and industry standards such as aluminum honeycomb panels and stone honeycomb panels, creating Many industry-leading application cases are the leading enterprises in the development and industrial application of sandwich composite materials in China.

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