Shanghai MicroPort EP Medtech Co (SHSE:688351) Interest Expense : ¥-1.2 Mil (TTM As of Mar. 2024)

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What is Shanghai MicroPort EP Medtech Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai MicroPort EP Medtech Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-1.2 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. Shanghai MicroPort EP Medtech Co's Operating Income for the three months ended in Mar. 2024 was ¥ 0.0 Mil. Shanghai MicroPort EP Medtech Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.3 Mil. Shanghai MicroPort EP Medtech Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.09. 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.

Shanghai MicroPort EP Medtech Co Interest Expense Historical Data

The historical data trend for Shanghai MicroPort EP Medtech 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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Shanghai MicroPort EP Medtech Co Interest Expense Chart

Shanghai MicroPort EP Medtech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.50

-0.10

-0.46

-0.72

-1.27

Shanghai MicroPort EP Medtech Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial										-0.35	-0.33	-0.35	-0.24	-0.26

Shanghai MicroPort EP Medtech 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 ¥-1.2 Mil.

Shanghai MicroPort EP Medtech Co (SHSE:688351) 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.

Shanghai MicroPort EP Medtech Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥14.7 Mil.

Shanghai MicroPort EP Medtech 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	*	0.024	/	-0.262
	=	0.09

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

Shanghai MicroPort EP Medtech Co (SHSE:688351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai MicroPort EP Medtech Co Ltd (SHSE:688351) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

No. 1-28, Lane 588, Tianxiong Road, Building 28, Zhoupu Town, Pudong New Area, Shanghai, CHN, 201318

Website

https://www.everpace.com

Shanghai MicroPort EP Medtech Co Ltd is engaged in the research and development, production and sales of various medical devices and equipment related to cardiac electrophysiology interventional diagnosis and treatment.

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