Shenzhen Inovance Technology Co (SZSE:300124) Interest Expense : ¥-173 Mil (TTM As of Mar. 2024)

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What is Shenzhen Inovance Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shenzhen Inovance Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -34 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-173 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. Shenzhen Inovance Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 818 Mil. Shenzhen Inovance Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -34 Mil. Shenzhen Inovance Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 23.99. 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.

Shenzhen Inovance Technology Co Interest Expense Historical Data

The historical data trend for Shenzhen Inovance 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.

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Shenzhen Inovance Technology Co Interest Expense Chart

Shenzhen Inovance Technology Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-62.87

-78.92

-69.88

-153.07

-178.39

Shenzhen Inovance 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															-39.92	-49.08	-44.40	-44.99	-34.11

Shenzhen Inovance 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 ¥-173 Mil.

Shenzhen Inovance Technology Co (SZSE:300124) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Shenzhen Inovance Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-34 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥818 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥2,621 Mil.

Shenzhen Inovance 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	*	818.362	/	-34.107
	=	23.99

The higher the ratio, the stronger the company's financial strength is.

Shenzhen Inovance Technology Co (SZSE:300124) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Inovance Technology Co Ltd (SZSE:300124) » Definitions » Interest Expense

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Address

Liuxian Road No. 70, Building E, Hongwei Industrial Park, Baocheng District, Shenzhen, CHN, 518101

Website

http://www.inovance.cn

Founded in 2003 by a group of ex-engineers from Huawei and Emerson, Shenzhen Inovance Technology develops and manufactures components used in elevators, automation equipment, robots, new energy vehicles, and railways. A partial list of products includes variable frequency drives--also known as inverters--servo systems, sensors, interfaces and motor controllers. Inovance employs about 20,000 staff, including over 4,700 research and development engineers. About 95% of Inovance's sales are made in China. Its headquarters are in Shenzhen with a large regional office in Suzhou, and these major offices are supported by over 10 branches across China.

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