Piotech (SHSE:688072) Interest Expense : ¥-40 Mil (TTM As of Mar. 2024)

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What is Piotech Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Piotech's interest expense for the three months ended in Mar. 2024 was ¥ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-40 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. Piotech's Operating Income for the three months ended in Mar. 2024 was ¥ 31 Mil. Piotech's Interest Expense for the three months ended in Mar. 2024 was ¥ -14 Mil. Piotech's Interest Coverage for the quarter that ended in Mar. 2024 was 2.17. 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.

Piotech Interest Expense Historical Data

The historical data trend for Piotech'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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Piotech Interest Expense Chart

Piotech Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.61

-0.24

-0.52

-2.01

-31.05

Piotech Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial													-4.92	-7.09	-7.34	-11.70	-14.20

Piotech 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 ¥-40 Mil.

Piotech (SHSE:688072) 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.

Piotech's Interest Expense for the three months ended in Mar. 2024 was ¥-14 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥31 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥2,433 Mil.

Piotech'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	*	30.786	/	-14.201
	=	2.17

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

Piotech (SHSE:688072) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Piotech Inc (SHSE:688072) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 900, Shuijia, Hunnan District, Liaoning Province, Shenyang, CHN, 110168

Website

http://www.sypiotech.cn

Piotech Inc is engaged in the research and development, production, sales and technical services of high-end semiconductor special equipment.

Executives

Yang Xiao Qiang	senior management
Chen Xin Yi	Director
Zhao Xi	senior management
Zhang	senior management
Liu Jing	senior management
Ning Jian Ping	Senior management, core technical personnel
	senior management
Sun Li Jie	senior management

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