Solareast Holdings Co (SHSE:603366) Interest Expense : ¥-7 Mil (TTM As of Mar. 2024)

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What is Solareast Holdings Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Solareast Holdings 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 ¥-7 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. Solareast Holdings Co's Operating Income for the three months ended in Mar. 2024 was ¥ -72 Mil. Solareast Holdings Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -1 Mil. Solareast Holdings Co did not have earnings to cover the interest expense. 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.

Solareast Holdings Co Interest Expense Historical Data

The historical data trend for Solareast Holdings 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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Solareast Holdings Co Interest Expense Chart

Solareast Holdings Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-27.11

-21.90

-6.19

-2.05

-7.01

Solareast Holdings 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															-0.45	-3.02	-2.81	-0.73	-0.81

Solareast Holdings 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 ¥-7 Mil.

Solareast Holdings Co (SHSE:603366) 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.

Solareast Holdings 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 ¥-72 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0 Mil.

Solareast Holdings Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Solareast Holdings Co did not have earnings to cover the interest expense.

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

Solareast Holdings Co (SHSE:603366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solareast Holdings Co Ltd (SHSE:603366) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Ninghai Industrial Zone, Lianyungang, Jiangsu Province, CHN, 222243

Website

http://en.sunrain.com

Solareast Holdings Co Ltd, formerly Jiangsu Sunrain Solar Energy Co Ltd operates in the solar energy industry. It is specialized in research and application of solar energy. The company's products are exported to more than 100 countries and regions all over the world. It provides solutions for healthy hot water and water purification system. The product range includes heat pipe collector R1, U pipe collector, domestic series heat pump, non-pressure solar water heater, pressurized pre-heated solar water heater and solar charger.

Executives

Xu Zhong	senior management
Zhang Ya Ming	senior management
Jiao Qing Tai	senior management
Wan Xu Chang	Directors, senior managers
Zhang Chao	Director
Liu Wen Ling	senior management
Zhang Liang Liang	Director
Sun Ming Yang	Directors, senior managers
Huang Yin Chuan	Director
Zhu Ya Lin	senior management
Li Jun	senior management
Chen Rong Hua	senior management
Li Li Gan	senior management
Liu Wei	Director
Yang Zhi Quan	Supervisors

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