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Hiconics Eco-energy Technology Co (SZSE:300048) Interest Expense : ¥-3 Mil (TTM As of Dec. 2024)


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What is Hiconics Eco-energy Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hiconics Eco-energy Technology Co's interest expense for the three months ended in Dec. 2024 was ¥ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ¥-3 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. Hiconics Eco-energy Technology Co's Operating Income for the three months ended in Dec. 2024 was ¥ 30 Mil. Hiconics Eco-energy Technology Co's Interest Expense for the three months ended in Dec. 2024 was ¥ -2 Mil. Hiconics Eco-energy Technology Co's Interest Coverage for the quarter that ended in Dec. 2024 was 16.21. 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.

Hiconics Eco-energy Technology Co Interest Expense Historical Data

The historical data trend for Hiconics Eco-energy 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.

Hiconics Eco-energy Technology Co Interest Expense Chart

Hiconics Eco-energy Technology Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -21.54 -9.30 -6.18 -5.47 -4.92

Hiconics Eco-energy Technology Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -3.81 - - -0.67 -1.85

Hiconics Eco-energy 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-3 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.

Hiconics Eco-energy Technology Co  (SZSE:300048) 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.

Hiconics Eco-energy Technology Co's Interest Expense for the three months ended in Dec. 2024 was ¥-2 Mil. Its Operating Income for the three months ended in Dec. 2024 was ¥30 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ¥36 Mil.

Hiconics Eco-energy Technology Co's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*29.984/-1.85
=16.21

* 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.

Hiconics Eco-energy Technology Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hiconics Eco-energy Technology Co Ltd (SZSE:300048) » Definitions » Interest Expense
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SZSE:301303 SZSE:300843 SHSE:605196 SHSE:603303 SZSE:300545 SZSE:002137 SHSE:688275 SHSE:605277 SHSE:603070 SZSE:300120 SZSE:300750 XSWX:ABBN XKRX:373220 HAM:OSR BSP:WEGE3 VRT TSE:6503 XPAR:LR BKK:DELTA SZSE:300124
Traded in Other Exchanges
N/A
Address
No. 3, Boxing 2nd Road, 1st Floor, Building 2, Beijing Economic and Technological Development Zone, Beijing, CHN, 100076
Website
http://www.hiconics.com
Hiconics Eco-energy Technology Co Ltd is a China-based high-tech enterprise specializing in industrial automation control and new energy equipment. It manufactures high-voltage inverters and transducers in China. The business scope of the company covers industrial automation, new energy vehicles, energy conservation and environmental protection. The product portfolio of the company includes new energy vehicle powertrain, motor controller, auxiliary power system, core components and electrical solutions for inverters, elevator servo systems and control systems and others. Its products have application in electric power, metallurgy, mining, cement, petroleum, municipal, elevator, machine tools, plastics, new energy vehicles, rail transportation, photovoltaic and other industries.
Executives
Shao Chi Supervisors, securities affairs representatives
Fang Mao Cheng Executives
Ye Jin Wu Directors, executives
Ye Lun Director
Liu Jin Cheng Director
He Tian Tao Director
Ye Bin Wu Director
Du Xin Lin Directors, executives
Wang Zhen Ming Supervisors
Zhang Tao Directors, executives
Hao Hua Executives
Liu Rui Xia Executives
Liu Hua Securities Affairs Representative
Wang Dong Executives
Chen Qiu Quan Supervisors

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