Wuhan Dameng Database Co (SHSE:688692) Interest Expense : ¥-0.5 Mil (TTM As of Sep. 2024)

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What is Wuhan Dameng Database Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wuhan Dameng Database Co's interest expense for the three months ended in Sep. 2024 was ¥ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-0.5 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 Dameng Database Co's Operating Income for the three months ended in Sep. 2024 was ¥ 71.8 Mil. Wuhan Dameng Database Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -0.1 Mil. Wuhan Dameng Database Co's Interest Coverage for the quarter that ended in Sep. 2024 was 556.41. 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 Dameng Database Co Interest Expense Historical Data

The historical data trend for Wuhan Dameng Database 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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Wuhan Dameng Database Co Interest Expense Chart

Wuhan Dameng Database Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-2.23

-0.20

0.34

-0.69

-0.64

Wuhan Dameng Database Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial									-0.17	-0.14	-0.14	-0.13	-0.13

Wuhan Dameng Database 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-0.5 Mil.

Wuhan Dameng Database Co (SHSE:688692) 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 Dameng Database Co's Interest Expense for the three months ended in Sep. 2024 was ¥-0.1 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥71.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥9.3 Mil.

Wuhan Dameng Database Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	71.777	/	-0.129
	=	556.41

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. Wuhan Dameng Database Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Wuhan Dameng Database Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wuhan Dameng Database Co Ltd (SHSE:688692) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 999 Gaoxin Avenue, Floors 16-19, Building C3, Future Technology Building, East Lake New Technology Development Zone, Hubei Province, Wuhan, CHN, 430000

Website

Wuhan Dameng Database Co Ltd is engaged in providing a series of database products and related technical services such as various database software and cluster software, cloud computing and big data products, and database all-in-one machines. Its products include DM8 & Cluster Software, DMRWC, DMDataWatch etc. Its products are used in industries including finance, energy, aviation and communications.

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