Guangdong Ellington Electronics Technology Co (SHSE:603328) Interest Expense : ¥-3 Mil (TTM As of Mar. 2024)

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What is Guangdong Ellington Electronics Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Guangdong Ellington Electronics Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -0 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. Guangdong Ellington Electronics Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 106 Mil. Guangdong Ellington Electronics Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0 Mil. Guangdong Ellington Electronics Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 53,052.50. 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.

Guangdong Ellington Electronics Technology Co Interest Expense Historical Data

The historical data trend for Guangdong Ellington Electronics 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.

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Guangdong Ellington Electronics Technology Co Interest Expense Chart

Guangdong Ellington Electronics Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.65

-0.76

-0.92

-2.74

-4.28

Guangdong Ellington Electronics Technology Co 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															-1.06	-1.93	-0.72	-0.57	-

Guangdong Ellington Electronics 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-3 Mil.

Guangdong Ellington Electronics Technology Co (SHSE:603328) 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.

Guangdong Ellington Electronics Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥106 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0 Mil.

Guangdong Ellington Electronics Technology 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	*	106.105	/	-0.002
	=	53,052.50

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. Guangdong Ellington Electronics Technology Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Guangdong Ellington Electronics Technology Co (SHSE:603328) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangdong Ellington Electronics Technology Co Ltd (SHSE:603328) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

88 Gaoping Industrial Zone, Sanjiao town, Guang dong province, Zhongshan, CHN

Website

http://www.ellingtonpcb.com

Guangdong Ellington Electronics Technology Co Ltd is a Chinese manufacturer and seller of printed circuit board (PCB). It offers high precision and high density double-sided and multi-layered PCBs. The products of the company are used in computers and computer peripherals, consumer electronics, communications product, industrial control, automotive electronics, medical instruction, and others. The company sells its products in China, and also exports it to the other international countries.

Executives

Tang Run Guang	Directors, senior managers
Liu Yu Jing	senior management
Jin Ao	senior management
Lin Hai	senior management

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