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Hefei Meyer Optoelectronic Technology (SZSE:002690) Interest Expense : ¥-122 Mil (TTM As of Jun. 2024)


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What is Hefei Meyer Optoelectronic Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hefei Meyer Optoelectronic Technology's interest expense for the three months ended in Jun. 2024 was ¥ -37 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ¥-122 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. Hefei Meyer Optoelectronic Technology's Operating Income for the three months ended in Jun. 2024 was ¥ 184 Mil. Hefei Meyer Optoelectronic Technology's Interest Expense for the three months ended in Jun. 2024 was ¥ -37 Mil. Hefei Meyer Optoelectronic Technology's Interest Coverage for the quarter that ended in Jun. 2024 was 4.97. 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.

Hefei Meyer Optoelectronic Technology Interest Expense Historical Data

The historical data trend for Hefei Meyer Optoelectronic Technology'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.

Hefei Meyer Optoelectronic Technology Interest Expense Chart

Hefei Meyer Optoelectronic Technology 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 -0.08 -1.41 -1.80 -1.12 -1.27

Hefei Meyer Optoelectronic Technology Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -9.00 - -85.20 - -37.11

Hefei Meyer Optoelectronic Technology 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-122 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.

Hefei Meyer Optoelectronic Technology  (SZSE:002690) 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.

Hefei Meyer Optoelectronic Technology's Interest Expense for the three months ended in Jun. 2024 was ¥-37 Mil. Its Operating Income for the three months ended in Jun. 2024 was ¥184 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ¥0 Mil.

Hefei Meyer Optoelectronic Technology's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*184.463/-37.109
=4.97

* 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.

Hefei Meyer Optoelectronic Technology Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hefei Meyer Optoelectronic Technology Inc (SZSE:002690) » Definitions » Interest Expense
Comparable Companies
SHSE:688333 SZSE:300024 SHSE:600481 SHSE:600435 SZSE:300776 SZSE:002747 SZSE:301200 SHSE:603033 SHSE:601608 SHSE:688556 GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
N/A
Address
No. 668 Wangjiang Road, Hefei Hi-tech Industrial Development Zone, Anhui Province, Hefei, CHN, 230088
Website
http://www.chinameyer.com
Hefei Meyer Optoelectronic Technology Inc develops, manufactures and sells photoelectric detection and classification equipment. Its products include Color Sorter, X-ray inspection and others.
Executives
Hao Xian Jin Director
Tian Ming Director
Jiang Dong Executives
Zhang Jian Jun Executives
Ni Ying Jiu Executives
Xu Peng Directors, executives
Lin Mao Xian Directors, executives
Xiang Cheng Executives
Zhao Hui Fang Independent director
Han Li Ming Supervisors
Yu Neng Hong Director

Hefei Meyer Optoelectronic Technology Headlines

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