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Beijing Groundsun Technology Co (BJSE:873703) Interest Expense : ¥-0.3 Mil (TTM As of Mar. 2024)


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What is Beijing Groundsun Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Beijing Groundsun 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 ¥-0.3 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 Groundsun Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 43.1 Mil. Beijing Groundsun Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.1 Mil. Beijing Groundsun Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 501.55. 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 Groundsun Technology Co Interest Expense Historical Data

The historical data trend for Beijing Groundsun 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.

* Premium members only.

Beijing Groundsun Technology Co Interest Expense Chart

Beijing Groundsun Technology Co 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 -0.21 -1.06 -0.63 -0.47 -0.08

Beijing Groundsun Technology Co Quarterly Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -0.03 -0.21 -0.02 - -0.09

Beijing Groundsun 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 ¥-0.3 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 Groundsun Technology Co  (BJSE:873703) 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 Groundsun 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 ¥43.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥6.3 Mil.

Beijing Groundsun 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*43.133/-0.086
=501.55

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Beijing Groundsun Technology Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Beijing Groundsun Technology Co (BJSE:873703) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijing Groundsun Technology Co Ltd (BJSE:873703) » Definitions » Interest Expense
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Address
No. 6 Jinxing West Road, Room 702, Xingchuang Building, Daxing District, Beijing, CHN, 102627
Website
http://www.groundsun.com
Beijing Groundsun Technology Co Ltd is a national high-tech enterprise that specialized in heat transfer enhancement technology, equipment R&D, design and sale. Its products include Porous Coated Tube series, GTL-MCP Tube series, High Vacuum Condenser series, Corrugated Tube series, Powder Flow Heat Exchange, and others products as tower, storage vessel, separation vessel and high efficiency heat transfer equipment facilities. It also have a wide range of applications in global oil refining, Petrochemical, Coal Chemical, Soda Ash and other related industries.

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