Shanghai Tieda Electronic and Information Technology Co (BJSE:872541) Interest Expense : ¥-2.2 Mil (TTM As of Mar. 2024)

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What is Shanghai Tieda Electronic and Information Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Tieda Electronic and Information Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-2.2 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 Tieda Electronic and Information Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 17.7 Mil. Shanghai Tieda Electronic and Information Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.1 Mil. Shanghai Tieda Electronic and Information Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 173.36. 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 Tieda Electronic and Information Technology Co Interest Expense Historical Data

The historical data trend for Shanghai Tieda Electronic and Information 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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Shanghai Tieda Electronic and Information Technology Co Interest Expense Chart

Shanghai Tieda Electronic and Information Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.59

-0.57

-0.31

-1.30

-0.29

Shanghai Tieda Electronic and Information Technology Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.17	-0.18	0.07	-1.98	-0.10

Shanghai Tieda Electronic and Information 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 ¥-2.2 Mil.

Shanghai Tieda Electronic and Information Technology Co (BJSE:872541) 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 Tieda Electronic and Information Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥17.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0.0 Mil.

Shanghai Tieda Electronic and Information 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	*	17.683	/	-0.102
	=	173.36

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

Shanghai Tieda Electronic and Information Technology Co (BJSE:872541) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanghai Tieda Electronic and Information Technology Co Ltd (BJSE:872541) » Definitions » Interest Expense

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Address

No. 6, Lane 1755, Rongbei Road, Nanxiang Town, Jiading District, Shanghai, CHN, 201802

Website

http://www.tddx.com.cn

Shanghai Tieda Electronic and Information Technology Co Ltd is engaged in the development, production, and sales of communication signal products. It mainly engages in design, research and development, manufacturing, sales, engineering, and service of signal products and providing industry solutions. The core products include centralized signal monitoring system, integrated lightning protection system for signal (communication) equipment, LED signal machine, wireless shunting locomotive signal and monitoring system, and power management information system.

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