Chongqing Zaisheng Technology Co (SHSE:603601) Interest Expense

: ¥-20 Mil (TTM As of Sep. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chongqing Zaisheng Technology Co's interest expense for the three months ended in Sep. 2023 was ¥ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ¥-20 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. Chongqing Zaisheng Technology Co's Operating Income for the three months ended in Sep. 2023 was ¥ 46 Mil. Chongqing Zaisheng Technology Co's Interest Expense for the three months ended in Sep. 2023 was ¥ -5 Mil. Chongqing Zaisheng Technology Co's Interest Coverage for the quarter that ended in Sep. 2023 was 10.03. 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.

Chongqing Zaisheng Technology Co Interest Expense Historical Data

The historical data trend for Chongqing Zaisheng 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.

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Chongqing Zaisheng Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

-12.58

-13.56

-11.07

-9.90

-12.34

Chongqing Zaisheng Technology Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense																-2.30	-5.27	-4.91	-5.30	-4.58

Chongqing Zaisheng 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-20 Mil.

Chongqing Zaisheng Technology Co (SHSE:603601) 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.

Chongqing Zaisheng Technology Co's Interest Expense for the three months ended in Sep. 2023 was ¥-5 Mil. Its Operating Income for the three months ended in Sep. 2023 was ¥46 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was ¥492 Mil.

Chongqing Zaisheng Technology Co's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	45.918	/	-4.576
	=	10.03

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

Chongqing Zaisheng Technology Co (SHSE:603601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chongqing Zaisheng Technology Co Ltd (SHSE:603601) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Liangang Avenue, Huixing Street, Building 1, No. 197, Yubei District, Chongqing, CHN, 401120

Website

http://www.cqzskj.com

Chongqing Zaisheng Technology Co Ltd is engaged in researching, manufacturing, and marketing of glass microfiber products which are used in the purification and energy-saving field. The company's core products are profile include Glass Microfiber Filter and Fiberglass VIP Core Material. Its other products are AGM Separator, Air Laid Cotton, Dry Method VIP, Glass fiber filter, and others.

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