Shanghai Research Institute of Building Sciences Group Co (SHSE:603153) Interest Expense : ¥-3 Mil (TTM As of Mar. 2024)

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What is Shanghai Research Institute of Building Sciences Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Research Institute of Building Sciences Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-3 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 Research Institute of Building Sciences Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 16 Mil. Shanghai Research Institute of Building Sciences Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -1 Mil. Shanghai Research Institute of Building Sciences Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 27.53. 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 Research Institute of Building Sciences Group Co Interest Expense Historical Data

The historical data trend for Shanghai Research Institute of Building Sciences Group 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 Research Institute of Building Sciences Group Co Interest Expense Chart

Shanghai Research Institute of Building Sciences Group Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.26

-0.14

-1.71

-2.93

-3.00

Shanghai Research Institute of Building Sciences Group Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial									-0.74	-0.41	-0.80	-1.05	-0.59

Shanghai Research Institute of Building Sciences Group 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-3 Mil.

Shanghai Research Institute of Building Sciences Group Co (SHSE:603153) 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 Research Institute of Building Sciences Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥16 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥36 Mil.

Shanghai Research Institute of Building Sciences Group Co'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	*	16.103	/	-0.585
	=	27.53

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 Research Institute of Building Sciences Group Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Shanghai Research Institute of Building Sciences Group Co (SHSE:603153) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shanghai Research Institute of Building Sciences Group Co Ltd (SHSE:603153) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 75, Wanping South Road, Xuhui, Shanghai, CHN, 200032

Website

https://www.sribs.com

Shanghai Research Institute of Building Sciences Group Co Ltd is engaged in providing services of engineering consulting, testing and design in building, transportation and the environment. The company is undertaking generic technologies research and development in building, transportation and the environment. SRIBS operates a State Enterprise Research & Development Center, two state engineering test centers, over eight ministry-level R&D platforms, and several standardization committees and service platforms as well. The services of the company include Engineering Consulting, Engineering services, Construction, and Smart manufacturing. The company's Project portfolio includes the Shanghai center tower, the nine-star city, the Pudong football stadium, and others.

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