HSAI (Hesai Group) Interest Expense : $-1.4 Mil (TTM As of Sep. 2024)

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What is Hesai Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hesai Group's interest expense for the three months ended in Sep. 2024 was $ -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-1.4 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. Hesai Group's Operating Income for the three months ended in Sep. 2024 was $ -10.9 Mil. Hesai Group's Interest Expense for the three months ended in Sep. 2024 was $ -0.5 Mil. Hesai Group did not have earnings to cover the interest expense. 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.

Hesai Group Interest Expense Historical Data

The historical data trend for Hesai Group'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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Hesai Group Interest Expense Chart

Hesai Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.43

Hesai Group Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial										-0.16	-0.12	-0.32	-0.46	-0.50

Hesai Group 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 $-1.4 Mil.

Hesai Group (NAS:HSAI) 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.

Hesai Group's Interest Expense for the three months ended in Sep. 2024 was $-0.5 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-10.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $56.9 Mil.

Hesai Group's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Hesai Group did not have earnings to cover the interest expense.

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

Hesai Group Business Description

Industry

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Traded in Other Exchanges

ZN80:Germany

Address

1588 Zhuguang Road, 9th Floor, Building L2-B, Qingpu District, Shanghai, CHN, 201702

Website

https://www.hesaitech.com

Hesai Group is engaged in the development, manufacture, and sales of three dimensional light detection and ranging solutions, or LiDAR. Its LiDAR products enable a broad spectrum of applications across passenger or commercial vehicles with advanced driver assistance systems, or ADAS, autonomous vehicle fleets providing passenger and freight mobility services, or Autonomous Mobility, and other applications such as last-mile delivery robots, street sweeping robots, and logistics robots in restricted areas, or Robotics. The Group organized its operations into two segments: the LiDAR segment and the gas detection segment, out of which LiDAR segments derives maximum revenue. Geographically, the company operates into North America, Mainland China, Europe and Other regions.