Wuhan Yifi Laser (SHSE:688646) Interest Expense : ¥-3.3 Mil (TTM As of Jun. 2024)

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What is Wuhan Yifi Laser Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wuhan Yifi Laser's interest expense for the three months ended in Jun. 2024 was ¥ -2.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ¥-3.3 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. Wuhan Yifi Laser's Operating Income for the three months ended in Jun. 2024 was ¥ 26.5 Mil. Wuhan Yifi Laser's Interest Expense for the three months ended in Jun. 2024 was ¥ -2.1 Mil. Wuhan Yifi Laser's Interest Coverage for the quarter that ended in Jun. 2024 was 12.56. 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.

Wuhan Yifi Laser Interest Expense Historical Data

The historical data trend for Wuhan Yifi Laser'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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Wuhan Yifi Laser Interest Expense Chart

Wuhan Yifi Laser Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-2.85

-0.61

-3.59

-1.23

-2.84

Wuhan Yifi Laser Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial									-1.12	-0.77	-0.01	-0.40	-2.11

Wuhan Yifi Laser 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-3.3 Mil.

Wuhan Yifi Laser (SHSE:688646) 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.

Wuhan Yifi Laser's Interest Expense for the three months ended in Jun. 2024 was ¥-2.1 Mil. Its Operating Income for the three months ended in Jun. 2024 was ¥26.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ¥0.1 Mil.

Wuhan Yifi Laser's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	26.491	/	-2.109
	=	12.56

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

Wuhan Yifi Laser Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuhan Yifi Laser Corp Ltd (SHSE:688646) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

No. 999 Gaoxin Avenue, Room 1101, Building C1, Phase I, Longshan Innovation Park, Wuhan Future Science and Technology City, East Lake High-tech Development Zone, Hubei, Wuhan, CHN, 430000

Website

http://www.yifilaser.com

Wuhan Yifi Laser Corp Ltd is engaged in Research and development, design, production and sales of precision laser processing intelligent equipment.

Executives

Zhao Lai Gen

Director

Wuhan Yifi Laser Headlines

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