Inspur Digital Enterprise Technology (FRA:L1CC) Interest Expense : €-0.7 Mil (TTM As of Dec. 2023)

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What is Inspur Digital Enterprise Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Inspur Digital Enterprise Technology's interest expense for the six months ended in Dec. 2023 was € -0.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-0.7 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. Inspur Digital Enterprise Technology's Operating Income for the six months ended in Dec. 2023 was € 35.0 Mil. Inspur Digital Enterprise Technology's Interest Expense for the six months ended in Dec. 2023 was € -0.6 Mil. Inspur Digital Enterprise Technology's Interest Coverage for the quarter that ended in Dec. 2023 was 58.97. 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.

Inspur Digital Enterprise Technology Interest Expense Historical Data

The historical data trend for Inspur Digital Enterprise Technology'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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Inspur Digital Enterprise Technology Interest Expense Chart

Inspur Digital Enterprise Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.18

-0.22

-0.17

-0.41

-0.75

Inspur Digital Enterprise Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.14	-0.16	-0.26	-0.16	-0.59

Inspur Digital Enterprise Technology 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 semi-annually data reported by the company within the most recent 12 months, which was €-0.7 Mil.

Inspur Digital Enterprise Technology (FRA:L1CC) 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.

Inspur Digital Enterprise Technology's Interest Expense for the six months ended in Dec. 2023 was €-0.6 Mil. Its Operating Income for the six months ended in Dec. 2023 was €35.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €0.7 Mil.

Inspur Digital Enterprise Technology'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	*	34.968	/	-0.593
	=	58.97

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. Inspur Digital Enterprise Technology Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Inspur Digital Enterprise Technology (FRA:L1CC) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Inspur Digital Enterprise Technology Ltd (FRA:L1CC) » Definitions » Interest Expense

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00596:Hong Kong L1CC:Germany

Address

1 Wang Kwong Road, Kowloon Bay, Billion Center, Room B&C, 30/Floor, Tower A, Kowloon, Hong Kong, HKG

Website

https://www.inspur.com.hk

Inspur Digital Enterprise Technology Ltd formerly, Inspur International Ltd is an investment holding company. The company's segments are Cloud services, Management software, and the Internet of Things. The Cloud services segment includes the provision of cloud services. The management software segment involves the provision of software development and other software services whereas the Internet of Things segment is engaged in the sales of IT peripherals and software. Geographically, the firm generates a majority of its revenue from Mainland China.

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