HitGen (SHSE:688222) Interest Expense : ¥-13.1 Mil (TTM As of Sep. 2024)

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What is HitGen Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. HitGen's interest expense for the three months ended in Sep. 2024 was ¥ -3.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-13.1 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. HitGen's Operating Income for the three months ended in Sep. 2024 was ¥ 15.4 Mil. HitGen's Interest Expense for the three months ended in Sep. 2024 was ¥ -3.3 Mil. HitGen's Interest Coverage for the quarter that ended in Sep. 2024 was 4.60. 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.

HitGen Interest Expense Historical Data

The historical data trend for HitGen'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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HitGen Interest Expense Chart

HitGen Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.57

-0.84

-6.56

-9.83

-13.04

HitGen 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															-3.36	-3.13	-3.32	-3.32	-3.34

HitGen 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 ¥-13.1 Mil.

HitGen (SHSE:688222) 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.

HitGen's Interest Expense for the three months ended in Sep. 2024 was ¥-3.3 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥15.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥211.3 Mil.

HitGen'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	*	15.374	/	-3.344
	=	4.60

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

HitGen Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » HitGen Inc (SHSE:688222) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

No. 18, Section 2, Biocity Middle Road, Chengdu Tianfu International Biological City, Shuangliu District, Sichuan Province, Chengdu, CHN, 610093

Website

https://www.hitgen.com

HitGen Inc is engaged in drug research and development and provision of technical consultation, technology transfer, and technical services. The company uses DEL technology to provide research and development services for early drug discovery and transfer of new drug R&D projects.

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