Hangzhou Anysoft Information Technology Co (SZSE:300571) Interest Expense : ¥-41 Mil (TTM As of Sep. 2024)

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What is Hangzhou Anysoft Information Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hangzhou Anysoft Information Technology 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 ¥-41 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. Hangzhou Anysoft Information Technology Co's Operating Income for the three months ended in Sep. 2024 was ¥ 11 Mil. Hangzhou Anysoft Information Technology Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -5 Mil. Hangzhou Anysoft Information Technology Co's Interest Coverage for the quarter that ended in Sep. 2024 was 2.21. 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.

Hangzhou Anysoft Information Technology Co Interest Expense Historical Data

The historical data trend for Hangzhou Anysoft Information 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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Hangzhou Anysoft Information Technology Co Interest Expense Chart

Hangzhou Anysoft Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-30.24

-38.18

-52.32

-67.10

-49.86

Hangzhou Anysoft Information Technology 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															-13.89	-11.25	-11.90	-12.44	-5.13

Hangzhou Anysoft Information 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-41 Mil.

Hangzhou Anysoft Information Technology Co (SZSE:300571) 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.

Hangzhou Anysoft Information Technology 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 ¥11 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥405 Mil.

Hangzhou Anysoft Information Technology 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	*	11.306	/	-5.127
	=	2.21

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Hangzhou Anysoft Information Technology Co Ltd interest coverage is 1.88, which is low.

Hangzhou Anysoft Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hangzhou Anysoft Information Technology Co Ltd (SZSE:300571) » Definitions » Interest Expense

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Address

North of 11th Floor, Building 2, Xixi Century Center, Xihu District, Hangzhou, CHN

Website

http://www.anysoft.cn

Hangzhou Anysoft Information Technology Co Ltd is mainly engaged in the design and development of mobile reading platforms. The company is organized into three business divisions: mobile reading service, information business, and other value-added telecommunications services. Its mobile reading service division provides a full range of reading services through its own reading platform, third-party platform and telecom operators' reading platform; information business division provides users with professional magazines and industries through mobile newspapers and self-media push; other value-added telecommunications services mainly includes music, video, games, animation and other content.

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