SAIC Motor (SHSE:600104) Interest Expense : ¥-3,087 Mil (TTM As of Mar. 2024)

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What is SAIC Motor Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SAIC Motor's interest expense for the three months ended in Mar. 2024 was ¥ -949 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-3,087 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. SAIC Motor's Operating Income for the three months ended in Mar. 2024 was ¥ 1,476 Mil. SAIC Motor's Interest Expense for the three months ended in Mar. 2024 was ¥ -949 Mil. SAIC Motor's Interest Coverage for the quarter that ended in Mar. 2024 was 1.56. 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.

SAIC Motor Interest Expense Historical Data

The historical data trend for SAIC Motor'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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SAIC Motor Interest Expense Chart

SAIC Motor Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-2,025.93

-2,179.75

-2,106.13

-2,778.91

-2,985.95

SAIC Motor Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-847.24	-768.31	-796.31	-574.10	-948.65

SAIC Motor 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 ¥-3,087 Mil.

SAIC Motor (SHSE:600104) 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.

SAIC Motor's Interest Expense for the three months ended in Mar. 2024 was ¥-949 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥1,476 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥73,456 Mil.

SAIC Motor'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	*	1476.336	/	-948.654
	=	1.56

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

SAIC Motor (SHSE:600104) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SAIC Motor Corp Ltd (SHSE:600104) » Definitions » Interest Expense

Traded in Other Exchanges

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Address

489 Weihai Road, Shanghai, CHN, 200041

Website

http://www.saicmotor.com

SAIC Motor Corp Ltd builds and sells passenger cars and commercial vehicles. It is exploring intelligent driving technology research and industrialization of exploration. It is engaged in the research, production, and sales of parts for motor drive systems, chassis systems, batteries, electric drives, power electronics, and other new energy vehicles. Further, it is also involved in auto-related services such as logistics, e-commerce, travel, energy saving, and charging services; auto-related finance, insurance, and investment services; and the layout of industries of big data and artificial intelligence.

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