Shareate Tools (SHSE:688257) Interest Expense : ¥-11 Mil (TTM As of Sep. 2024)

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What is Shareate Tools Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shareate Tools's interest expense for the three months ended in Sep. 2024 was ¥ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-11 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. Shareate Tools's Operating Income for the three months ended in Sep. 2024 was ¥ 57 Mil. Shareate Tools's Interest Expense for the three months ended in Sep. 2024 was ¥ -4 Mil. Shareate Tools's Interest Coverage for the quarter that ended in Sep. 2024 was 14.24. 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.

Shareate Tools Interest Expense Historical Data

The historical data trend for Shareate Tools'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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Shareate Tools Interest Expense Chart

Shareate Tools Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-5.29

-2.90

-2.71

-4.33

-8.53

Shareate Tools 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															-2.81	-0.92	-2.66	-3.60	-4.04

Shareate Tools 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 ¥-11 Mil.

Shareate Tools (SHSE:688257) 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.

Shareate Tools's Interest Expense for the three months ended in Sep. 2024 was ¥-4 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥57 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥61 Mil.

Shareate Tools'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	*	57.457	/	-4.036
	=	14.24

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

Shareate Tools Business Description

Industry

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Traded in Other Exchanges

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Address

133 Shuangma Street, Weiting Town, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 215121

Website

http://www.shareate.com

Shareate Tools Ltd is a national high-tech enterprise, engaged in cemented carbide products and rock drilling tools. Its main products are Rotary Tricone Bit, DTH Hammer & Bit for mining, water well, and oil-field drilling applications, oil drilling, and mining cemented carbide, carbide substrates for PDC bits, petroleum drill bit nozzle, ultra-fine cemented carbide rod, fine grain cutting tools, stamping die plate, cold heading dies, powder metallurgy dies, tungsten carbide tubular welding, wear parts, non-standard parts. It exports to South America, Africa, Australia, Russia, South Korea, the USA, Canada and other countries.

Executives

Yang Han Min	Core technical personnel
Li Ning	Core technical personnel
	senior management
Lu Qing Zhong	Core technical personnel
Liu Yong	senior management
Zhang Yong Qiang	Supervisors
Rao Xiang	senior management
Wu He Hong	Directors, senior managers
Xue You Gang	Supervisors
Yuan Ai	Directors, senior managers
Liu Guo Zhu	Directors, senior managers

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