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Shanghai Morn Electric Equipment Co (SZSE:002451) Interest Expense : ¥-21 Mil (TTM As of Sep. 2024)


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What is Shanghai Morn Electric Equipment Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Morn Electric Equipment Co's interest expense for the three months ended in Sep. 2024 was ¥ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-21 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 Morn Electric Equipment Co's Operating Income for the three months ended in Sep. 2024 was ¥ 7 Mil. Shanghai Morn Electric Equipment Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -5 Mil. Shanghai Morn Electric Equipment Co's Interest Coverage for the quarter that ended in Sep. 2024 was 1.37. 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 Morn Electric Equipment Co Interest Expense Historical Data

The historical data trend for Shanghai Morn Electric Equipment 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 Morn Electric Equipment Co Interest Expense Chart

Shanghai Morn Electric Equipment 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 -18.53 -13.37 -17.26 -23.72 -23.75

Shanghai Morn Electric Equipment Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -5.50 -5.36 -5.68 -5.48 -4.96

Shanghai Morn Electric Equipment 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 ¥-21 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 Morn Electric Equipment Co  (SZSE:002451) 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 Morn Electric Equipment Co's Interest Expense for the three months ended in Sep. 2024 was ¥-5 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥67 Mil.

Shanghai Morn Electric Equipment 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*6.81/-4.961
=1.37

* 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 Morn Electric Equipment Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Morn Electric Equipment Co Ltd (SZSE:002451) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No.2829 Jiangshan Road, Pudong New Area, Shanghai, CHN, 201306
Website
http://www.mornelectric.com
Shanghai Morn Electric Equipment Co Ltd is engaged in the manufacture, development and sale of wire, cable and related accessories in China. The company also offers technical consulting and services for its products. Its products include Multi URD cable, Single URD cable, DLO cable, SOOW flexible cable, SJOOW flexible cable, SO flexible cable, SJ flexible cable, among others.
Executives
Zhu Jie Supervisors
Wen Ze Xin Directors, executives
Ye Zhen Executives
Zhu Zhi Ying Director
Dai Ren Min Supervisors
Chen Yin Executives
Wang Yong Wei Directors, executives
Wang Qing Director
Wen Ze Hong Directors, executives
Chen De Bin Executives

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