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Shanghai Hi-Tech Control System Co (SZSE:002184) Interest Expense : ¥-10 Mil (TTM As of Mar. 2024)


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What is Shanghai Hi-Tech Control System Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Hi-Tech Control System Co's interest expense for the three months ended in Mar. 2024 was ¥ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-10 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. Shanghai Hi-Tech Control System Co's Operating Income for the three months ended in Mar. 2024 was ¥ -4 Mil. Shanghai Hi-Tech Control System Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -3 Mil. Shanghai Hi-Tech Control System Co did not have earnings to cover the interest expense. 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.

Shanghai Hi-Tech Control System Co Interest Expense Historical Data

The historical data trend for Shanghai Hi-Tech Control System 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.

Shanghai Hi-Tech Control System Co Interest Expense Chart

Shanghai Hi-Tech Control System 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 -23.97 -13.98 -7.18 -9.23 -9.68

Shanghai Hi-Tech Control System 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 -2.32 -2.84 -2.04 -2.48 -2.52

Shanghai Hi-Tech Control System 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 ¥-10 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.

Shanghai Hi-Tech Control System Co  (SZSE:002184) 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.

Shanghai Hi-Tech Control System Co's Interest Expense for the three months ended in Mar. 2024 was ¥-3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥80 Mil.

Shanghai Hi-Tech Control System Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Shanghai Hi-Tech Control System Co did not have earnings to cover the interest expense.

* 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.

Shanghai Hi-Tech Control System Co (SZSE:002184) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Shanghai Hi-Tech Control System Co Ltd (SZSE:002184) » Definitions » Interest Expense
Comparable Companies
SZSE:300608 SZSE:300231 SHSE:688244 SZSE:003005 SZSE:002912 SZSE:300287 SHSE:603138 SHSE:688258 SZSE:300513 SZSE:300603 ACN NSE:TCS IBM FI NSE:INFY NSE:HCLTECH FIS XPAR:CAP IT CTSH
Traded in Other Exchanges
N/A
Address
No. 900 Yishan Road, Science and Technology Development Building, Block B, 17F, Shanghai, Shanghai, CHN, 200233
Website
http://www.hite.com.cn
Shanghai Hi-Tech Control System Co Ltd operates in the field of industry informatization and automation. The company provides industry users with informatization and intelligentization control products, electric automation and informatization products. Its products offering include a wind turbine converter, industrial control products and systems, industrial network products, and power electric products.
Executives
Zhao Da Di Director
Guo Meng Rong Directors, executives
Xu Hong Director
Wu Qiu Nong Directors, executives
Lu Wen Jing Supervisors
He Yong Jun Executives
Hu Yu Executives, directors
Shi Chao Zhu Director
Zhang Zhe Zhi Executives
Wang Xiao Bo Supervisors
Wu Huan Qun Supervisors
Fang Jian Director
Sheng Ya Ping Supervisors

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