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Suzhou Agioe Technologies Co (SHSE:688450) Interest Expense : ¥-2.9 Mil (TTM As of Mar. 2024)


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What is Suzhou Agioe Technologies Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Suzhou Agioe Technologies Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-2.9 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. Suzhou Agioe Technologies Co's Operating Income for the three months ended in Mar. 2024 was ¥ -23.9 Mil. Suzhou Agioe Technologies Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.7 Mil. Suzhou Agioe Technologies Co 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.

Suzhou Agioe Technologies Co Interest Expense Historical Data

The historical data trend for Suzhou Agioe Technologies 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.

* Premium members only.

Suzhou Agioe Technologies Co Interest Expense Chart

Suzhou Agioe Technologies Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
-0.83 -1.08 -0.84 -1.68 -2.95

Suzhou Agioe Technologies Co Quarterly Data
Dec19 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.75 -0.71 -0.88 -0.61 -0.71

Suzhou Agioe Technologies 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 ¥-2.9 Mil.

* 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.

Suzhou Agioe Technologies Co  (SHSE:688450) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Suzhou Agioe Technologies Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-23.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0.4 Mil.

Suzhou Agioe Technologies Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Suzhou Agioe Technologies Co did not have earnings to cover the interest expense.

* 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.

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

Suzhou Agioe Technologies Co (SHSE:688450) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Agioe Technologies Co Ltd (SHSE:688450) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 270 Dongping Street, 3C, 3D, Aoyang Shunchang Building, Suzhou Industrial Park, Jiangsu, Suzhou, CHN, 215123
Website
http://www.agioe.com
Suzhou Agioe Technologies Co Ltd is a high-tech enterprise focusing on the research, development, production and sales of a new generation of optical fiber sensing network and asset digital operation and maintenance management system. The company has formed a series of products such as power facility asset monitoring operation and maintenance management system, submarine cable asset monitoring operation and maintenance management system, and integrated pipeline asset monitoring operation and maintenance management system, which are widely used in power grids, offshore wind power, integrated pipelines, petroleum and petrochemical and other important areas of the national economy.

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