Ningbo PIA Automation Holding (SHSE:688306) Interest Expense : ¥-67 Mil (TTM As of Mar. 2024)

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What is Ningbo PIA Automation Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ningbo PIA Automation Holding's interest expense for the three months ended in Mar. 2024 was ¥ -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-67 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. Ningbo PIA Automation Holding's Operating Income for the three months ended in Mar. 2024 was ¥ -32 Mil. Ningbo PIA Automation Holding's Interest Expense for the three months ended in Mar. 2024 was ¥ -17 Mil. Ningbo PIA Automation Holding did not have earnings to cover the interest expense. 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.

Ningbo PIA Automation Holding Interest Expense Historical Data

The historical data trend for Ningbo PIA Automation Holding'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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Ningbo PIA Automation Holding Interest Expense Chart

Ningbo PIA Automation Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-35.65

-37.04

-49.29

-50.78

-63.26

Ningbo PIA Automation Holding Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial														-14.16	-17.26	-41.48	9.63	-17.49

Ningbo PIA Automation Holding 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 ¥-67 Mil.

Ningbo PIA Automation Holding (SHSE:688306) 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.

Ningbo PIA Automation Holding's Interest Expense for the three months ended in Mar. 2024 was ¥-17 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-32 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥799 Mil.

Ningbo PIA Automation Holding's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Ningbo PIA Automation Holding did not have earnings to cover the interest expense.

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

Ningbo PIA Automation Holding (SHSE:688306) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo PIA Automation Holding Corp (SHSE:688306) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 99, Qingyi Road, Building 4, High-tech Zone, Zhejiang Province, Ningbo, CHN, 315040

Website

http://www.piagroup.com.cn

Ningbo PIA Automation Holding Corp is engaged in the research and development, production, sales and service of complete sets of customized assembly and inspection intelligent manufacturing equipment and digital software.

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