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Shanghai New Centurion Network Information Technology Co (SHSE:605398) Interest Expense : ¥-0.5 Mil (TTM As of Jun. 2024)


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What is Shanghai New Centurion Network Information Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai New Centurion Network Information Technology Co's interest expense for the three months ended in Jun. 2024 was ¥ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ¥-0.5 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 New Centurion Network Information Technology Co's Operating Income for the three months ended in Jun. 2024 was ¥ 7.0 Mil. Shanghai New Centurion Network Information Technology Co's Interest Expense for the three months ended in Jun. 2024 was ¥ -0.2 Mil. Shanghai New Centurion Network Information Technology Co's Interest Coverage for the quarter that ended in Jun. 2024 was 41.38. 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 New Centurion Network Information Technology Co Interest Expense Historical Data

The historical data trend for Shanghai New Centurion Network Information 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.

* Premium members only.

Shanghai New Centurion Network Information Technology Co Interest Expense Chart

Shanghai New Centurion Network Information Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -2.71 -2.27 -1.88 -1.66 -0.39

Shanghai New Centurion Network Information Technology Co Quarterly Data
Jun19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.08 -0.07 -0.16 -0.15 -0.17

Shanghai New Centurion Network Information 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-0.5 Mil.

* 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.


Shanghai New Centurion Network Information Technology Co  (SHSE:605398) Interest Expense Explanation

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. The higher, the better.

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 New Centurion Network Information Technology Co's Interest Expense for the three months ended in Jun. 2024 was ¥-0.2 Mil. Its Operating Income for the three months ended in Jun. 2024 was ¥7.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ¥4.7 Mil.

Shanghai New Centurion Network Information Technology Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*6.952/-0.168
=41.38

* 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.

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 New Centurion Network Information Technology Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.


Shanghai New Centurion Network Information Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 588, Lane 7548, Waiqingsong Road, Room 113, Area R, 1st Floor, Building 1, Qingpu District, Shanghai, CHN, 201701
Shanghai New Centurion Network Information Technology Co Ltd is a information technology system software service provider. It focuses on third-party operation and maintenance services and operation and maintenance products for IT data centers.
Executives
Sun Zheng Yang Director
Sun Zheng Han Director
Shi Hui Director
Li Hao Jiang Director
Cheng Yong Xin Director
Sun Xing Yan Director

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