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Ningbo Ronbay New Energy Technology Co (SHSE:688005) Interest Expense : ¥-179 Mil (TTM As of Sep. 2024)


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What is Ningbo Ronbay New Energy Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ningbo Ronbay New Energy Technology Co's interest expense for the three months ended in Sep. 2024 was ¥ -47 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-179 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. Ningbo Ronbay New Energy Technology Co's Operating Income for the three months ended in Sep. 2024 was ¥ 218 Mil. Ningbo Ronbay New Energy Technology Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -47 Mil. Ningbo Ronbay New Energy Technology Co's Interest Coverage for the quarter that ended in Sep. 2024 was 4.60. 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.

Ningbo Ronbay New Energy Technology Co Interest Expense Historical Data

The historical data trend for Ningbo Ronbay New Energy 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.

Ningbo Ronbay New Energy Technology Co Interest Expense Chart

Ningbo Ronbay New Energy Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -15.62 -4.05 -10.77 -85.95 -148.68

Ningbo Ronbay New Energy Technology 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 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 -37.16 -40.63 -42.44 -48.46 -47.41

Ningbo Ronbay New Energy 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-179 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.

Ningbo Ronbay New Energy Technology Co  (SHSE:688005) 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.

Ningbo Ronbay New Energy Technology Co's Interest Expense for the three months ended in Sep. 2024 was ¥-47 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥218 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥5,371 Mil.

Ningbo Ronbay New Energy Technology 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*218.29/-47.405
=4.60

* 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.

Ningbo Ronbay New Energy Technology Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ningbo Ronbay New Energy Technology Co Ltd (SHSE:688005) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
39 Tanjialing East Road, Zhejiang Province, Yuyao, CHN, 315400
Website
http://www.ronbaymat.com
Ningbo Ronbay New Energy Technology Co Ltd is engaged in developing, producing and selling lithium battery cathode materials and their precursors.
Executives
Liu De Xian senior management
Yuan Xu Jun Core technical personnel
Bai Hou Shan Director
Zhang Hui Qing Director
Zhang Yuan Director
Chen Ming Feng Core technical personnel
Liu Xiang Lie Director
Tian Qian Li senior management
Yu Ji Yun senior management
Ge Xin senior management
Li Cong Xi Core technical personnel

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