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Jiangsu Boamax Technologies Group Co (SZSE:002514) Interest Expense : ¥-3.2 Mil (TTM As of Mar. 2024)


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What is Jiangsu Boamax Technologies Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangsu Boamax Technologies Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -9.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-3.2 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. Jiangsu Boamax Technologies Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ -18.2 Mil. Jiangsu Boamax Technologies Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -9.9 Mil. Jiangsu Boamax Technologies Group 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.

Jiangsu Boamax Technologies Group Co Interest Expense Historical Data

The historical data trend for Jiangsu Boamax Technologies 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.

Jiangsu Boamax Technologies Group Co Interest Expense Chart

Jiangsu Boamax Technologies 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 -1.65 -1.34 -0.89 -1.99 -0.23

Jiangsu Boamax Technologies 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 -6.90 -8.12 -9.28 24.06 -9.85

Jiangsu Boamax Technologies 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 ¥-3.2 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.

Jiangsu Boamax Technologies Group Co  (SZSE:002514) 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.

Jiangsu Boamax Technologies Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-9.9 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-18.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥41.5 Mil.

Jiangsu Boamax Technologies Group Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Jiangsu Boamax Technologies Group 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.

Jiangsu Boamax Technologies Group Co (SZSE:002514) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Boamax Technologies Group Co Ltd (SZSE:002514) » Definitions » Interest Expense
Comparable Companies
SZSE:002552 SZSE:301180 SZSE:300953 SZSE:301307 SZSE:300709 SHSE:601700 SHSE:603112 SZSE:300985 SZSE:002965 SHSE:688190 ATI MLI XTER:TKA SHSE:688122 TPE:2474 ESAB SZSE:000039 XTER:NDA CRS WOR
Traded in Other Exchanges
N/A
Address
No. 35, Gongxinghebei Road, Jingjiang Economic and Technological Development Zone, Jiangsu Province, Taizhou, CHN, 215151
Website
http://www.boamax.com
Jiangsu Boamax Technologies Group Co Ltd researches develop, designs manufactures and sells industrial grade structural CNC sheet metal products. It offers flue gas flow monitoring equipment used in the field of environmental protection, such as on-line monitoring about gas velocity, as well as pulverized coal flow rate and online monitoring of wind speed.
Executives
Zhu Yong Fu Directors, executives
Chen Dong Director
Yan Zhong Hua Director
Jiang Yu Feng Supervisors

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