Guangzhou Risong Intelligent Technology Holding Co (SHSE:688090) Interest Expense : ¥-6 Mil (TTM As of Sep. 2024)

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What is Guangzhou Risong Intelligent Technology Holding Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Guangzhou Risong Intelligent Technology Holding Co's interest expense for the three months ended in Sep. 2024 was ¥ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-6 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. Guangzhou Risong Intelligent Technology Holding Co's Operating Income for the three months ended in Sep. 2024 was ¥ 3 Mil. Guangzhou Risong Intelligent Technology Holding Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -1 Mil. Guangzhou Risong Intelligent Technology Holding Co's Interest Coverage for the quarter that ended in Sep. 2024 was 3.25. 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.

Guangzhou Risong Intelligent Technology Holding Co Interest Expense Historical Data

The historical data trend for Guangzhou Risong Intelligent Technology Holding 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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Guangzhou Risong Intelligent Technology Holding Co Interest Expense Chart

Guangzhou Risong Intelligent Technology Holding Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-6.11

-4.85

-4.20

-4.01

-6.65

Guangzhou Risong Intelligent Technology Holding 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															-0.97	-2.74	-0.95	-0.92	-1.00

Guangzhou Risong Intelligent Technology Holding 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 ¥-6 Mil.

Guangzhou Risong Intelligent Technology Holding Co (SHSE:688090) 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.

Guangzhou Risong Intelligent Technology Holding Co's Interest Expense for the three months ended in Sep. 2024 was ¥-1 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥36 Mil.

Guangzhou Risong Intelligent Technology Holding 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	*	3.239	/	-0.996
	=	3.25

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

Guangzhou Risong Intelligent Technology Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangzhou Risong Intelligent Technology Holding Co Ltd (SHSE:688090) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.188 Ruixiang Road, Huangpu District, Guangdong Province, Guangzhou, CHN, 510535

Website

http://www.risongtc.com

Guangzhou Risong Intelligent Technology Holding Co Ltd is engaged in research and development, manufacturing, application, sales and service in the field of robotics and intelligent manufacturing. The company manufactures industrial robots; industrial automatic control system devices; special equipment for the electronics industry; special equipment for environmental protection; special equipment for electrical machinery; metal structures; metal cutting and welding equipment.

Executives

Tang Guo Bao	Core technical personnel
He Yan Bing	Core technical personnel
Chen Ya Yi	senior management
Liu Yi	Core technical personnel
Luo Yuan	Supervisors
Zheng De Lun	senior management
Yan Xue Tao	Director
Liu Er Bin	Directors, senior managers

Guangzhou Risong Intelligent Technology Holding Co Headlines

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