Shanghai INT Medical Instruments Co (HKSE:01501) Interest Expense : HK$-3.5 Mil (TTM As of Dec. 2023)

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What is Shanghai INT Medical Instruments Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai INT Medical Instruments Co's interest expense for the six months ended in Dec. 2023 was HK$ -2.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-3.5 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 INT Medical Instruments Co's Operating Income for the six months ended in Dec. 2023 was HK$ 97.6 Mil. Shanghai INT Medical Instruments Co's Interest Expense for the six months ended in Dec. 2023 was HK$ -2.2 Mil. Shanghai INT Medical Instruments Co's Interest Coverage for the quarter that ended in Dec. 2023 was 44.84. 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 INT Medical Instruments Co Interest Expense Historical Data

The historical data trend for Shanghai INT Medical Instruments 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 INT Medical Instruments Co Interest Expense Chart

Shanghai INT Medical Instruments Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.03

-0.11

-0.78

-0.91

-3.49

Shanghai INT Medical Instruments Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial								-0.39	-0.38	-0.55	-1.32	-2.18

Shanghai INT Medical Instruments 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-3.5 Mil.

Shanghai INT Medical Instruments Co (HKSE:01501) 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 INT Medical Instruments Co's Interest Expense for the six months ended in Dec. 2023 was HK$-2.2 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$97.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$17.1 Mil.

Shanghai INT Medical Instruments Co'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	*	97.567	/	-2.176
	=	44.84

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. Shanghai INT Medical Instruments Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Shanghai INT Medical Instruments Co (HKSE:01501) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai INT Medical Instruments Co Ltd (HKSE:01501) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 925 Jin Yuan Yi Road, Block 2, Jiading District, Shanghai, CHN, 201803

Website

https://www.kdl-int.com

Shanghai INT Medical Instruments Co Ltd formerly Shanghai Kindly Medical Instruments Co Ltd is a manufacturer of cardiovascular interventional devices, which are mainly used in cardiovascular surgeries, and in particular, PCI procedures in China. It is engaged in the sales, manufacture, research, and development of cardiovascular interventional medical devices as well as related accessories and molds. It is also engaged in the research and development of other interventional and implantable medical devices, such as neurological interventional medical devices and endocardia implantable medical devices, among others. Geographically, it has operations in Mainland China, Europe, the United States, and Other countries.

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