Nanjing Canatal Data-Centre Environmental Tech Co (SHSE:603912) Interest Expense : ¥-12.2 Mil (TTM As of Mar. 2024)

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What is Nanjing Canatal Data-Centre Environmental Tech Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nanjing Canatal Data-Centre Environmental Tech Co's interest expense for the three months ended in Mar. 2024 was ¥ -3.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-12.2 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. Nanjing Canatal Data-Centre Environmental Tech Co's Operating Income for the three months ended in Mar. 2024 was ¥ 3.2 Mil. Nanjing Canatal Data-Centre Environmental Tech Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -3.1 Mil. Nanjing Canatal Data-Centre Environmental Tech Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.04. 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.

Nanjing Canatal Data-Centre Environmental Tech Co Interest Expense Historical Data

The historical data trend for Nanjing Canatal Data-Centre Environmental Tech 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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Nanjing Canatal Data-Centre Environmental Tech Co Interest Expense Chart

Nanjing Canatal Data-Centre Environmental Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.07

-8.11

-18.13

-11.89

-11.94

Nanjing Canatal Data-Centre Environmental Tech 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															-2.86	-2.64	-3.53	-2.91	-3.10

Nanjing Canatal Data-Centre Environmental Tech 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 ¥-12.2 Mil.

Nanjing Canatal Data-Centre Environmental Tech Co (SHSE:603912) 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.

Nanjing Canatal Data-Centre Environmental Tech Co's Interest Expense for the three months ended in Mar. 2024 was ¥-3.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥3.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥282.2 Mil.

Nanjing Canatal Data-Centre Environmental Tech 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	*	3.237	/	-3.102
	=	1.04

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

Nanjing Canatal Data-Centre Environmental Tech Co (SHSE:603912) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nanjing Canatal Data-Centre Environmental Tech Co Ltd (SHSE:603912) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Road No. 88 Suyuan, Jiangning Economic and Technological Development Zone, Nanjing, CHN, 211111

Website

http://www.canatal.com.cn

Nanjing Canatal Data-Centre Environmental Tech Co Ltd develops and manufactures temperature control equipment. The company also provides integrated solutions and related energy-saving technical services for the precision control of data room and other fields. The company serves a diverse set of customers including government departments and communications, finance, internet, medical, rail transportation, aviation, energy and many other industries.

Executives

Wang Ling Yun	Directors, senior managers
Ye Li Li	senior management
Yuan Yi	senior management
Li Lin Da	Directors, senior managers
Du Ming Wei	Directors, senior managers

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