China Aerospace Times Electronic Co (SHSE:600879) Interest Expense : ¥-178 Mil (TTM As of Dec. 2023)

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What is China Aerospace Times Electronic Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Aerospace Times Electronic Co's interest expense for the three months ended in Dec. 2023 was ¥ -27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ¥-178 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. China Aerospace Times Electronic Co's Operating Income for the three months ended in Dec. 2023 was ¥ 229 Mil. China Aerospace Times Electronic Co's Interest Expense for the three months ended in Dec. 2023 was ¥ -27 Mil. China Aerospace Times Electronic Co's Interest Coverage for the quarter that ended in Dec. 2023 was 8.52. 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.

China Aerospace Times Electronic Co Interest Expense Historical Data

The historical data trend for China Aerospace Times Electronic 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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China Aerospace Times Electronic Co Interest Expense Chart

China Aerospace Times Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-223.81

-193.64

-224.89

-210.41

-178.48

China Aerospace Times Electronic Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-52.16	-50.57	-56.56	-44.46	-26.89

China Aerospace Times Electronic 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-178 Mil.

China Aerospace Times Electronic Co (SHSE:600879) 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.

China Aerospace Times Electronic Co's Interest Expense for the three months ended in Dec. 2023 was ¥-27 Mil. Its Operating Income for the three months ended in Dec. 2023 was ¥229 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ¥89 Mil.

China Aerospace Times Electronic Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	229.121	/	-26.889
	=	8.52

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

China Aerospace Times Electronic Co (SHSE:600879) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » China Aerospace Times Electronic Co Ltd (SHSE:600879) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plant 22MB, High-Tech Park, Economic Technology Development District, Wuhan, CHN, 430056

Website

http://www.catec-ltd.cn

China Aerospace Times Electronic Co Ltd is a China-based company. It engaged in the manufacturing and distribution of aerospace electronic products. Its products include satellite applications, inertial navigation, Integrated circuit, Drone.

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