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Tianshui Huatian Technology Co (SZSE:002185) Interest Expense : ¥-263 Mil (TTM As of Mar. 2024)


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What is Tianshui Huatian Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tianshui Huatian Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -70 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-263 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. Tianshui Huatian Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 21 Mil. Tianshui Huatian Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -70 Mil. Tianshui Huatian Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.30. 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.


Tianshui Huatian Technology Co Interest Expense Historical Data

The historical data trend for Tianshui Huatian Technology 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.

Tianshui Huatian Technology Co Interest Expense Chart

Tianshui Huatian Technology 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 -158.68 -115.32 -186.00 -204.26 -248.74

Tianshui Huatian Technology 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 -55.80 -62.04 -57.59 -73.31 -70.40

Tianshui Huatian Technology 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 ¥-263 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.


Tianshui Huatian Technology Co  (SZSE:002185) 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.

Tianshui Huatian Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-70 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥21 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥4,888 Mil.

Tianshui Huatian Technology 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*21.237/-70.398
=0.30

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Tianshui Huatian Technology Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.


Tianshui Huatian Technology Co (SZSE:002185) Business Description

Traded in Other Exchanges
N/A
Address
No. 14 Shuangqiao Road, Qinzhou District, Gansu, Tianshui, CHN, 741000
Tianshui Huatian Technology Co Ltd is an integrated circuit (IC) packaging and test enterprises in China. Its main products include plastic integrated circuits, analog integrated circuits, and hybrid integrated circuits.

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