Shanghai Huace Navigation Technology (SZSE:300627) Interest Expense : ¥-8 Mil (TTM As of Mar. 2024)

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What is Shanghai Huace Navigation Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Huace Navigation Technology's interest expense for the three months ended in Mar. 2024 was ¥ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-8 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. Shanghai Huace Navigation Technology's Operating Income for the three months ended in Mar. 2024 was ¥ 119 Mil. Shanghai Huace Navigation Technology's Interest Expense for the three months ended in Mar. 2024 was ¥ -1 Mil. Shanghai Huace Navigation Technology's Interest Coverage for the quarter that ended in Mar. 2024 was 81.86. 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.

Shanghai Huace Navigation Technology Interest Expense Historical Data

The historical data trend for Shanghai Huace Navigation Technology'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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Shanghai Huace Navigation Technology Interest Expense Chart

Shanghai Huace Navigation Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.34

-4.84

-4.17

-6.06

-8.81

Shanghai Huace Navigation Technology 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															-2.00	-2.70	-2.08	-2.03	-1.46

Shanghai Huace Navigation Technology 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 ¥-8 Mil.

Shanghai Huace Navigation Technology (SZSE:300627) 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.

Shanghai Huace Navigation Technology's Interest Expense for the three months ended in Mar. 2024 was ¥-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥119 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥125 Mil.

Shanghai Huace Navigation Technology'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	*	119.265	/	-1.457
	=	81.86

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. Shanghai Huace Navigation Technology Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Shanghai Huace Navigation Technology (SZSE:300627) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanghai Huace Navigation Technology Ltd (SZSE:300627) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 599, Gaojing Road, 3rd Floor, Building D, Qingpu District, Shanghai, CHN, 201702

Website

http://www.chcnav.com

Shanghai Huace Navigation Technology Ltd manufactures satellite navigation and positioning systems and equipment, geographic information and disaster monitoring system and equipment. It provides positioning solutions for surveying, construction, GIS and marine applications in various countries. The company offers products for GIS data collection, GNSS infrastructure, unmanned aircraft systems, marine construction, optical surveying, GNSS survey and engineering, and precision agriculture.

Executives

Zhao Yan Ping	Director
Pu Dong Guo	Directors, executives
Wang Xiang Zhong	Directors, executives
Gao Zhan Wu	Executives
Wang Jie Jun	Directors, executives
Wang Li	Supervisors

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