Guangdong Create Century Intelligent Equipment Group (SZSE:300083) Interest Expense : ¥-50 Mil (TTM As of Mar. 2024)

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What is Guangdong Create Century Intelligent Equipment Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Guangdong Create Century Intelligent Equipment Group's interest expense for the three months ended in Mar. 2024 was ¥ -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-50 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 Create Century Intelligent Equipment Group's Operating Income for the three months ended in Mar. 2024 was ¥ 111 Mil. Guangdong Create Century Intelligent Equipment Group's Interest Expense for the three months ended in Mar. 2024 was ¥ -12 Mil. Guangdong Create Century Intelligent Equipment Group's Interest Coverage for the quarter that ended in Mar. 2024 was 9.01. 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 Create Century Intelligent Equipment Group Interest Expense Historical Data

The historical data trend for Guangdong Create Century Intelligent Equipment 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.

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Guangdong Create Century Intelligent Equipment Group Interest Expense Chart

Guangdong Create Century Intelligent Equipment Group Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-113.65

-116.69

-160.63

-131.12

-47.47

Guangdong Create Century Intelligent Equipment 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															-10.03	-16.02	-11.37	-10.04	-12.30

Guangdong Create Century Intelligent Equipment 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 ¥-50 Mil.

Guangdong Create Century Intelligent Equipment Group (SZSE:300083) 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.

Guangdong Create Century Intelligent Equipment Group's Interest Expense for the three months ended in Mar. 2024 was ¥-12 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥111 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥550 Mil.

Guangdong Create Century Intelligent Equipment 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	*	110.829	/	-12.303
	=	9.01

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

Guangdong Create Century Intelligent Equipment Group (SZSE:300083) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong Create Century Intelligent Equipment Group Corp Ltd (SZSE:300083) » Definitions » Interest Expense

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Address

Weifeng Road, Jinsheng Intelligent Manufacturing Industrial Park, Administrative Office Building, Dongcheng District, Guangdong Province, Dongguan, CHN, 523007

Website

http://www.januscn.com

Guangdong Create Century Intelligent Equipment Corp Ltd is engaged in research and development, production, sales and service of high-end intelligent equipment, with a complete range of CNC machine tools, including drilling and tapping machines, vertical machining centers, horizontal machining centers, gantry machining centers, CNC lathes, engraving and milling machines, and glass Series of precision processing equipment such as precision engraving machines, high-light machines, laser cutting machines. It is widely used in the processing of core components in the 5G industry chain, 3C consumer electronics, machinery manufacturing, medical equipment, new energy vehicles, auto parts, construction machinery and other fields.

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