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Shenzhen Changhong Technology Co (SZSE:300151) Interest Expense : ¥-28.3 Mil (TTM As of Mar. 2024)


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What is Shenzhen Changhong Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shenzhen Changhong Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -7.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-28.3 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 Changhong Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 28.1 Mil. Shenzhen Changhong Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -7.7 Mil. Shenzhen Changhong Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 3.64. 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 Changhong Technology Co Interest Expense Historical Data

The historical data trend for Shenzhen Changhong 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.

* Premium members only.

Shenzhen Changhong Technology Co Interest Expense Chart

Shenzhen Changhong Technology Co 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 -0.02 -0.54 -17.82 -25.34 -27.31

Shenzhen Changhong Technology Co 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 -6.70 -7.02 -5.68 -7.91 -7.71

Shenzhen Changhong 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 ¥-28.3 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 Changhong Technology Co  (SZSE:300151) 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 Changhong Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-7.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥28.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥545.5 Mil.

Shenzhen Changhong 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*28.091/-7.713
=3.64

* 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.

Shenzhen Changhong Technology Co (SZSE:300151) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shenzhen Changhong Technology Co Ltd (SZSE:300151) » Definitions » Interest Expense
Comparable Companies
SHSE:601311 SHSE:600151 SZSE:000030 SZSE:300926 SHSE:601279 SZSE:001311 SZSE:002434 SHSE:605333 SZSE:002239 SZSE:002703 TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG SHSE:600660 XTER:CON
Traded in Other Exchanges
N/A
Address
No 3 Jinlong Avenue, Pingshan Town, Longgang District, Shenzhen, CHN
Website
http://www.sz-changhong.com
Shenzhen Changhong Technology Co Ltd is a China-based company engaged in the manufacture and injection of plastic molds and components assembling. Its products include high-precision molds, plastic parts, medical parts and consumables, and stamping dies.
Executives
Li Huan Chang Directors, executives
Yu Han Chang Supervisors
Xu Yan Ping Directors, executives
Zhou Guo Quan Executives
Zhao A Rong Supervisors
Hua Shou Fu Directors, executives
Liu Jun Secretary Dong
Zhang Tai Supervisors
Guan Feng Xing Supervisors
Tan Long Quan Directors, executives

Shenzhen Changhong Technology Co (SZSE:300151) Headlines

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