Nanjing Medlander Medical Technology Co (SHSE:688273) Interest Expense : ¥-0.5 Mil (TTM As of Mar. 2024)

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What is Nanjing Medlander Medical Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nanjing Medlander Medical Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-0.5 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. Nanjing Medlander Medical Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 37.7 Mil. Nanjing Medlander Medical Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.2 Mil. Nanjing Medlander Medical Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 205.80. 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.

Nanjing Medlander Medical Technology Co Interest Expense Historical Data

The historical data trend for Nanjing Medlander Medical Technology 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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Nanjing Medlander Medical Technology Co Interest Expense Chart

Nanjing Medlander Medical Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.27

-0.44

-0.15

-0.30

-0.38

Nanjing Medlander Medical Technology Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial												-0.11	-0.11	-0.10	-0.07	-0.18

Nanjing Medlander Medical Technology 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-0.5 Mil.

Nanjing Medlander Medical Technology Co (SHSE:688273) 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.

Nanjing Medlander Medical Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥37.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥2.1 Mil.

Nanjing Medlander Medical Technology Co'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	*	37.661	/	-0.183
	=	205.80

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Nanjing Medlander Medical Technology Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Nanjing Medlander Medical Technology Co (SHSE:688273) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Nanjing Medlander Medical Technology Co Ltd (SHSE:688273) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

No. 2, Gande Road, 2nd Floor, Building 5, Jiangning High-tech Park, Jiangning District, Jiangsu Province, Nanjing City, CHN, 211100

Website

http://www.medlander.com

Nanjing Medlander Medical Technology Co Ltd is engaged in the research and development, production, sales and service of related products in the field of pelvic floor and postpartum rehabilitation.

Executives

Zhu Bi Sheng	senior management
Chen Jiang Ning	senior management
Yang Rui Jia	Directors, senior managers, core technical personn
Shi Zhi Huai	Directors, senior managers, core technical personn
Chen Bin	Directors, senior managers
Tu Hong Lin	Directors, senior managers
Wang Wang	senior management

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