Sunny Optical Technology (Group) Co (Sunny Optical Technology (Group) Co) Interest Expense : $-63 Mil (TTM As of Dec. 2023)

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What is Sunny Optical Technology (Group) Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sunny Optical Technology (Group) Co's interest expense for the six months ended in Dec. 2023 was $ -31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-63 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. Sunny Optical Technology (Group) Co's Operating Income for the six months ended in Dec. 2023 was $ 67 Mil. Sunny Optical Technology (Group) Co's Interest Expense for the six months ended in Dec. 2023 was $ -31 Mil. Sunny Optical Technology (Group) Co's Interest Coverage for the quarter that ended in Dec. 2023 was 2.18. 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.

Sunny Optical Technology (Group) Co Interest Expense Historical Data

The historical data trend for Sunny Optical Technology (Group) 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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Sunny Optical Technology (Group) Co Interest Expense Chart

Sunny Optical Technology (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-35.71

-35.74

-36.15

-42.02

-62.90

Sunny Optical Technology (Group) Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-17.87	-17.16	-25.54	-32.25	-30.56

Sunny Optical Technology (Group) 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-63 Mil.

Sunny Optical Technology (Group) Co (OTCPK:SNPTF) 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.

Sunny Optical Technology (Group) Co's Interest Expense for the six months ended in Dec. 2023 was $-31 Mil. Its Operating Income for the six months ended in Dec. 2023 was $67 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $707 Mil.

Sunny Optical Technology (Group) Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	66.611	/	-30.556
	=	2.18

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

Sunny Optical Technology (Group) Co (Sunny Optical Technology (Group) Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sunny Optical Technology (Group) Co Ltd (OTCPK:SNPTF) » Definitions » Interest Expense

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SOTGY:USA 02382:Hong Kong SXC:Germany

Address

No. 66-68, Fengle Road, Zhejiang Province, Yuyao, CHN, 315400

Website

https://www.sunnyoptical.com

Headquartered in Yuyao, China, Sunny Optical is China's biggest handset camera modules maker and the world's largest handset lens sets manufacturer. Higher-margin lens sets are used on smartphones, vehicles, and augmented/virtual reality. Sunny Optical is a key beneficiary of the secular growth of mobile and vehicle camera demand, as smartphone manufacturers seek differentiated camera features and advanced driver-assistance systems witness rising adoption among automakers. The firm also manufactures optical instruments, such as high-end microscopes and optical measuring instruments. The company employed over 26,610 people as of December 2022.

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