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Montnets Cloud Technology Group Co (SZSE:002123) Interest Expense : ¥-54 Mil (TTM As of Mar. 2024)


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What is Montnets Cloud Technology Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Montnets Cloud Technology Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-54 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. Montnets Cloud Technology Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 13 Mil. Montnets Cloud Technology Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -14 Mil. Montnets Cloud Technology Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.98. 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.

Montnets Cloud Technology Group Co Interest Expense Historical Data

The historical data trend for Montnets Cloud 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.

* Premium members only.

Montnets Cloud Technology Group Co Interest Expense Chart

Montnets Cloud Technology Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -33.91 -25.90 -27.14 -50.74 -55.48

Montnets Cloud Technology Group Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -15.49 -12.33 -15.13 -12.53 -13.76

Montnets Cloud 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-54 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.

Montnets Cloud Technology Group Co  (SZSE:002123) 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.

Montnets Cloud Technology Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-14 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥13 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥199 Mil.

Montnets Cloud Technology Group 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*13.445/-13.76
=0.98

* 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.

Montnets Cloud Technology Group Co (SZSE:002123) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Montnets Cloud Technology Group Co Ltd (SZSE:002123) » Definitions » Interest Expense
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SHSE:688232 SHSE:603383 SZSE:002777 SZSE:300379 SZSE:300520 SHSE:688031 SHSE:603636 SZSE:300348 SZSE:002232 SHSE:688507 CRM XTER:SAP INTU NOW UBER CDNS SHOP TSX:CSU WDAY ROP
Traded in Other Exchanges
N/A
Address
High-tech Middle Road, Longtaili Building, No. 30, Nanshan District, Shenzhen, CHN
Website
https://www.montnets.com
Montnets Cloud Technology Group Co Ltd is a cloud communication service provider in China. The company has constructed four-in-one enterprise cloud communication service ecosystem, namely IM cloud, MVaaS, Terminal cloud, IoT cloud to provide comprehensive cloud communication services for enterprises.
Executives
Tian Fei Chong Directors, executives
Yu Wen Sheng Director
Wen Li Executives
Li Ju Chun Executives
Jin Yong Executives
Zhu Wen Wen Directors, executives
Huang Yong Gang Directors, executives
Li Ji Wen Directors, executives
Shi Yong Qi Supervisors
Zuo Qiang Directors, executives
Chen Xin Directors, executives
Zhao Dian Bo Directors, executives
Wang Dai Yan Executives
Ma Cheng Jia Director
Jiao Dong Liang Executives

Montnets Cloud Technology Group Co (SZSE:002123) Headlines

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