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Guangdong Senssun Weighing Apparatus Group (SZSE:002870) Interest Expense : ¥-125 Mil (TTM As of Mar. 2024)


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What is Guangdong Senssun Weighing Apparatus Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Guangdong Senssun Weighing Apparatus Group's interest expense for the three months ended in Mar. 2024 was ¥ -37 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-125 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. Guangdong Senssun Weighing Apparatus Group's Operating Income for the three months ended in Mar. 2024 was ¥ 116 Mil. Guangdong Senssun Weighing Apparatus Group's Interest Expense for the three months ended in Mar. 2024 was ¥ -37 Mil. Guangdong Senssun Weighing Apparatus Group's Interest Coverage for the quarter that ended in Mar. 2024 was 3.14. 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.


Guangdong Senssun Weighing Apparatus Group Interest Expense Historical Data

The historical data trend for Guangdong Senssun Weighing Apparatus Group'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.

Guangdong Senssun Weighing Apparatus Group Interest Expense Chart

Guangdong Senssun Weighing Apparatus Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.17 -0.76 -80.57 -78.14 -111.49

Guangdong Senssun Weighing Apparatus Group Quarterly Data
Jun19 Sep19 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 -23.22 -27.82 -31.27 -29.18 -37.08

Guangdong Senssun Weighing Apparatus Group 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 ¥-125 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.


Guangdong Senssun Weighing Apparatus Group  (SZSE:002870) 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.

Guangdong Senssun Weighing Apparatus Group's Interest Expense for the three months ended in Mar. 2024 was ¥-37 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥116 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥1,152 Mil.

Guangdong Senssun Weighing Apparatus Group'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*116.491/-37.081
=3.14

* 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. Guangdong Senssun Weighing Apparatus Group Ltd interest coverage is 4.42, which is low.


Guangdong Senssun Weighing Apparatus Group (SZSE:002870) Business Description

Traded in Other Exchanges
N/A
Address
East of Qiwan Road,, Baishawan Industrial Park, East District, Guangdong Province, Zhongshan, CHN, 528403
Guangdong Senssun Weighing Apparatus Group Ltd is mainly engaged in the research and development, production and sales of household health (home scale) products, commercial weighing (commercial weighing) products and intelligent measuring products. It focuses on product that includes human scales, fat scales, kitchen scales, pocket scales, luggage scales and other smart household scales; Safety traceability scales, bar code scales, electronic price scales, electronic platform scales and other intelligent commercial scales.

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