Anji Microelectronics Technology (Shanghai) Co (SHSE:688019) Interest Expense : ¥-7 Mil (TTM As of Mar. 2024)

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What is Anji Microelectronics Technology (Shanghai) Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Anji Microelectronics Technology (Shanghai) Co's interest expense for the three months ended in Mar. 2024 was ¥ -3 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. Anji Microelectronics Technology (Shanghai) Co's Operating Income for the three months ended in Mar. 2024 was ¥ 128 Mil. Anji Microelectronics Technology (Shanghai) Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -3 Mil. Anji Microelectronics Technology (Shanghai) Co's Interest Coverage for the quarter that ended in Mar. 2024 was 43.97. 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.

Anji Microelectronics Technology (Shanghai) Co Interest Expense Historical Data

The historical data trend for Anji Microelectronics Technology (Shanghai) 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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Anji Microelectronics Technology (Shanghai) Co Interest Expense Chart

Anji Microelectronics Technology (Shanghai) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.19

-0.13

-3.77

-6.73

-7.96

Anji Microelectronics Technology (Shanghai) 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															-3.69	-0.29	-3.81	-0.17	-2.90

Anji Microelectronics Technology (Shanghai) 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.

Anji Microelectronics Technology (Shanghai) Co (SHSE:688019) 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.

Anji Microelectronics Technology (Shanghai) Co's Interest Expense for the three months ended in Mar. 2024 was ¥-3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥128 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥177 Mil.

Anji Microelectronics Technology (Shanghai) 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	*	127.501	/	-2.9
	=	43.97

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. Anji Microelectronics Technology (Shanghai) Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Anji Microelectronics Technology (Shanghai) Co (SHSE:688019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Anji Microelectronics Technology (Shanghai) Co Ltd (SHSE:688019) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 5001 Huadong Road, Bottom floor of T6-9 Building, Jinqiao Export Processing Zone (South District), Pudong New Area, Shanghai, CHN, 201201

Website

http://www.anjimicro.com

Anji Microelectronics Technology (Shanghai) Co Ltd is primarily involved in the research and development and industrialization of key semiconductor materials.

Executives

	Directors, senior managers
	Core technical personnel
Peng Hong Xiu	Core technical personnel
Yang Xun	senior management
Jing Jian Fen	Core technical personnel
Wang Xu Cheng	Core technical personnel
	Senior management, core technical personnel

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