Goneo Group Co (SHSE:603195) Interest Expense : ¥-23 Mil (TTM As of Sep. 2024)

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What is Goneo Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Goneo Group 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 ¥-23 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. Goneo Group Co's Operating Income for the three months ended in Sep. 2024 was ¥ 1,104 Mil. Goneo Group Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -4 Mil. Goneo Group Co's Interest Coverage for the quarter that ended in Sep. 2024 was 256.76. 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.

Goneo Group Co Interest Expense Historical Data

The historical data trend for Goneo 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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Goneo Group Co Interest Expense Chart

Goneo Group Co Annual Data

Trend

Dec15

Dec16

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Dec19

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Dec21

Dec22

Dec23

Interest Expense

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-9.72

-39.76

-35.93

-28.28

Goneo Group 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															-4.24	-7.90	-6.34	-4.20	-4.30

Goneo 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-23 Mil.

Goneo Group Co (SHSE:603195) 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.

Goneo Group 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 ¥1,104 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥0 Mil.

Goneo Group 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	*	1104.068	/	-4.3
	=	256.76

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. Goneo Group Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Goneo Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Goneo Group Co Ltd (SHSE:603195) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 3888 Yingang East Road, Building A7, Qingpu District, Shanghai, CHN, 201703

Website

http://www.gongniu.cn

Goneo Group Co Ltd is engaged in the research, development, manufacture, and sale of civil electrical products such as extended line sockets, wall switches, LED lighting, and digital accessories. The company's products include Power Strips, High-end Power Strip, USB Power Strip, Digital Accessories, Decorative Switch Socket, and Eye-care LED Light.

Executives

Liu Sheng Song	Directors, senior managers
Wei Ling Peng	Supervisors
Zhou Zheng Hua	Director
Ruan Xue Ping	Director
Cai Ying Feng	Directors, senior managers
Li Guo Qiang	senior management

Goneo Group Co Headlines

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