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Shanghai Beite Technology Co (SHSE:603009) Interest Expense : ¥-39 Mil (TTM As of Sep. 2024)


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What is Shanghai Beite Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Beite Technology Co's interest expense for the three months ended in Sep. 2024 was ¥ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-39 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 Beite Technology Co's Operating Income for the three months ended in Sep. 2024 was ¥ 34 Mil. Shanghai Beite Technology Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -4 Mil. Shanghai Beite Technology Co's Interest Coverage for the quarter that ended in Sep. 2024 was 8.94. 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 Beite Technology Co Interest Expense Historical Data

The historical data trend for Shanghai Beite 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.

Shanghai Beite Technology Co Interest Expense Chart

Shanghai Beite 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 -36.70 -37.33 -39.15 -39.40 -39.55

Shanghai Beite Technology Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -1.37 -19.80 -6.35 -8.66 -3.77

Shanghai Beite 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-39 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.

Shanghai Beite Technology Co  (SHSE:603009) 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.

Shanghai Beite Technology Co's Interest Expense for the three months ended in Sep. 2024 was ¥-4 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥70 Mil.

Shanghai Beite Technology Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*33.681/-3.768
=8.94

* 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.

Shanghai Beite Technology Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Beite Technology Co Ltd (SHSE:603009) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No 2488 Gaoshi Road, Jiading District, Shanghai, IND, 201816
Website
http://sh-beite.com
Shanghai Beite Technology Co Ltd provides metal products for steering and shock absorber piston rod customers primarily in China. Its products include rack blanks, semi-finished racks, finished racks, finished valve sleeves, semi-finished input shafts, semi-finished worm shafts, pinion blanks, semi-finished pinions, piston rod blanks, semi-finished piston rods, and finished piston rods.
Executives
Jin Kun Director
Xu Hong Fei senior management
Cao Qing Supervisors
Cai Xiang Dong senior management
Liu Chun Mei senior management
Cao Xian Bin Supervisors
Tao Wan Yin Director
Jin Xiao Tang Director

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