Baimtec Material Co (SHSE:688563) Interest Expense : ¥-6 Mil (TTM As of Mar. 2024)

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What is Baimtec Material Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Baimtec Material Co's interest expense for the three months ended in Mar. 2024 was ¥ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-6 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. Baimtec Material Co's Operating Income for the three months ended in Mar. 2024 was ¥ 132 Mil. Baimtec Material Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -2 Mil. Baimtec Material Co's Interest Coverage for the quarter that ended in Mar. 2024 was 70.94. 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.

Baimtec Material Co Interest Expense Historical Data

The historical data trend for Baimtec Material 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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Baimtec Material Co Interest Expense Chart

Baimtec Material Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-12.23

-11.82

-11.31

-7.61

-6.01

Baimtec Material Co Quarterly Data
	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial									-1.49	-1.21	-1.57	-1.74	-1.86

Baimtec Material 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 ¥-6 Mil.

Baimtec Material Co (SHSE:688563) 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.

Baimtec Material Co's Interest Expense for the three months ended in Mar. 2024 was ¥-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥132 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥90 Mil.

Baimtec Material 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	*	131.873	/	-1.859
	=	70.94

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. Baimtec Material Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Baimtec Material Co (SHSE:688563) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Baimtec Material Co Ltd (SHSE:688563) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Yongxiang North Road, Yongfeng High-tech Industrial Base, Haidian, Beijing, CHN, 100094

Website

http://www.baimtec.com.cn

Baimtec Material Co Ltd is committed to the research, development, manufacture and sales of a series of high-tech products based on aviation new materials, new processes and new technologies. The company's main products cover titanium alloy precision castings, high-temperature alloy master alloys, aircraft windshields, hatch covers, transparent parts and components of observation windows, aerospace rubber, sealants, adhesives, elastic components, etc. in the aerospace and other fields.

Executives

Wu Song Hua

Core technical personnel

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