Beijing Piesat Information Technology Co (SHSE:688066) Interest Expense : ¥-109 Mil (TTM As of Mar. 2024)

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What is Beijing Piesat Information Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Beijing Piesat Information Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-109 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. Beijing Piesat Information Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ -133 Mil. Beijing Piesat Information Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -31 Mil. Beijing Piesat Information Technology 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.

Beijing Piesat Information Technology Co Interest Expense Historical Data

The historical data trend for Beijing Piesat 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.

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Beijing Piesat Information Technology Co Interest Expense Chart

Beijing Piesat Information Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3.93

-13.10

-42.69

-101.01

Beijing Piesat Information Technology 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															-22.85	-24.41	-24.67	-29.08	-30.68

Beijing Piesat 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-109 Mil.

Beijing Piesat Information Technology Co (SHSE:688066) 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.

Beijing Piesat Information Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-31 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-133 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥1,171 Mil.

Beijing Piesat Information Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Beijing Piesat Information Technology Co did not have earnings to cover the interest expense.

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

Beijing Piesat Information Technology Co (SHSE:688066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Piesat Information Technology Co Ltd (SHSE:688066) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Xingshikou Road, Room 301, 3rd Floor, Building 5, 4th District, Haidian District, Beijing, CHN, 100195

Website

http://www.piesat.com.cn

Beijing Piesat Information Technology Co Ltd is a satellite application service provider in China. It is one of the first platform companies in china to engage in satellite applications and spatiotemporal big data empowerment industries. Its business model of digitization and information services, which is a domestic and internationally advanced smart earth spatio-temporal big data service provider. The company provides a full range of products and services which is based on multi-source remote sensing big data that is developed based on the independent intellectual property PIE-Engine remote sensing cloud service platform.

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