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Beijing Paratera Tech (BJSE:839493) Interest Expense : ¥-12.9 Mil (TTM As of Sep. 2024)


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What is Beijing Paratera Tech Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Beijing Paratera Tech's interest expense for the three months ended in Sep. 2024 was ¥ -4.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-12.9 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. Beijing Paratera Tech's Operating Income for the three months ended in Sep. 2024 was ¥ 7.0 Mil. Beijing Paratera Tech's Interest Expense for the three months ended in Sep. 2024 was ¥ -4.6 Mil. Beijing Paratera Tech's Interest Coverage for the quarter that ended in Sep. 2024 was 1.53. 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.

Beijing Paratera Tech Interest Expense Historical Data

The historical data trend for Beijing Paratera Tech'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.

Beijing Paratera Tech Interest Expense Chart

Beijing Paratera Tech 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 -0.36 -1.21 -3.95 -10.19 -8.93

Beijing Paratera Tech Quarterly Data
Sep19 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -2.53 -2.06 -3.17 -3.13 -4.60

Beijing Paratera Tech 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-12.9 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.

Beijing Paratera Tech  (BJSE:839493) 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.

Beijing Paratera Tech's Interest Expense for the three months ended in Sep. 2024 was ¥-4.6 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥7.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥169.4 Mil.

Beijing Paratera Tech's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*7.023/-4.598
=1.53

* 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.

Beijing Paratera Tech Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Paratera Tech Corp Ltd (BJSE:839493) » Definitions » Interest Expense
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SZSE:301153 SZSE:002212 SZSE:300047 SZSE:300378 SZSE:300579 SZSE:300352 SHSE:600571 SZSE:002990 SZSE:300561 SHSE:688158 MSFT ORCL PLTR PANW CRWD FTNT SNPS XAMS:ADYEN NET XYZ
Traded in Other Exchanges
N/A
Address
No. 10 Xibeiwang East Road, Room 101-301, Building 21,3rd Floor, Haidian, Beijing, CHN, 100094
Website
https://www.paratera.com
Beijing Paratera Tech Corp Ltd is a domestic supercomputing cloud service and operation service provider, providing supercomputing cloud, industry cloud, intelligence Computing cloud, design simulation cloud and computing resource construction and operation services. As China's national grid service company, a domestic high-tech enterprise, and a dual-software enterprise, Parallel Technology aggregates the computing resources of supercomputing centers across the country, targeting enterprises and institutions and scientific research institutions in energy, manufacturing, meteorology, scientific research and education, telecommunications, finance, animation, etc. The institute provides supercomputing cloud services.

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