Zhejiang Lante Optics Co (SHSE:688127) Interest Expense : ¥-6 Mil (TTM As of Sep. 2024)

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What is Zhejiang Lante Optics Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhejiang Lante Optics 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. Zhejiang Lante Optics Co's Operating Income for the three months ended in Sep. 2024 was ¥ 135 Mil. Zhejiang Lante Optics Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -1 Mil. Zhejiang Lante Optics Co's Interest Coverage for the quarter that ended in Sep. 2024 was 163.43. 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.

Zhejiang Lante Optics Co Interest Expense Historical Data

The historical data trend for Zhejiang Lante Optics 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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Zhejiang Lante Optics Co Interest Expense Chart

Zhejiang Lante Optics Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-0.81

-0.26

-0.19

-0.94

-5.87

Zhejiang Lante Optics 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															-1.26	-2.34	-1.97	-1.26	-0.83

Zhejiang Lante Optics 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.

Zhejiang Lante Optics Co (SHSE:688127) 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.

Zhejiang Lante Optics 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 ¥135 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥1 Mil.

Zhejiang Lante Optics 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	*	135.321	/	-0.828
	=	163.43

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

Zhejiang Lante Optics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zhejiang Lante Optics Co Ltd (SHSE:688127) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Honghe Town, Xiuzhou District, Zhejiang Province, Jiaxing, CHN, 314023

Website

https://www.lante.com.cn

Zhejiang Lante Optics Co Ltd is engaged in production and sales of optical components. The company produces prisms, lenses, glass wafers, glass aspheric lenses, coatings and lens assembly, and has been involved in traditional optics, optoelectronic displays, photovoltaics, automobiles, lighting, optical communications, semiconductors, consumer electronics, medical, virtual/augmented reality and other fields. The processing and manufacturing of optical products can be found in the core components of high-tech products such as telescopes, microscopes, mobile phone, AR/VR, digital cameras, security monitors, multimedia projectors, sights, image measuring equipment, and automobile interior and exterior decoration.

Executives

Yao Liang	Directors, senior managers
Li Qing Song	Core technical personnel
Xu Ming Yang	Core technical personnel
Gao Feng	Core technical personnel
Wang Xiao Ming	Director
Hu Jian	Core technical personnel

Zhejiang Lante Optics Co Headlines

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