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Shanghai W-Ibeda High Tech Group Co (SHSE:688071) Interest Expense : ¥-35.9 Mil (TTM As of Mar. 2024)


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What is Shanghai W-Ibeda High Tech Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai W-Ibeda High Tech Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -9.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-35.9 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 W-Ibeda High Tech Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ -2.5 Mil. Shanghai W-Ibeda High Tech Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -9.7 Mil. Shanghai W-Ibeda High Tech Group 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.

Shanghai W-Ibeda High Tech Group Co Interest Expense Historical Data

The historical data trend for Shanghai W-Ibeda High Tech Group 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 W-Ibeda High Tech Group Co Interest Expense Chart

Shanghai W-Ibeda High Tech Group Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -16.67 -12.52 -16.34 -24.81 -34.15

Shanghai W-Ibeda High Tech Group Co Quarterly Data
Dec17 Dec18 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 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 -8.00 -8.86 -8.27 -9.03 -9.70

Shanghai W-Ibeda High Tech Group 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 ¥-35.9 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 W-Ibeda High Tech Group Co  (SHSE:688071) 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 W-Ibeda High Tech Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-9.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-2.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥358.8 Mil.

Shanghai W-Ibeda High Tech Group Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Shanghai W-Ibeda High Tech Group Co did not have earnings to cover the interest expense.

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Shanghai W-Ibeda High Tech Group Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Shanghai W-Ibeda High Tech Group Co (SHSE:688071) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai W-Ibeda High Tech Group Co Ltd (SHSE:688071) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 400 Fangchun Road, Room 301-206, 3rd Floor, Building 1, Pilot Free Trade Zone, Shanghai, CHN, 201202
Website
http://www.w-ibeda.com
Shanghai W-Ibeda High Tech Group Co Ltd is engaged in the research and development, design, manufacturing, sales and provision of related testing services for intelligent test equipment for automotive powertrains.
Executives
Wang Yu Core technical personnel
Pan Min Director
Zhang Jie Ping Core technical personnel
Core technical personnel

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