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Shenzhen Anche Technologies Co (SZSE:300572) Interest Expense : ¥-9.9 Mil (TTM As of Sep. 2024)


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What is Shenzhen Anche Technologies Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shenzhen Anche Technologies Co's interest expense for the three months ended in Sep. 2024 was ¥ -2.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-9.9 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 Anche Technologies Co's Operating Income for the three months ended in Sep. 2024 was ¥ -20.1 Mil. Shenzhen Anche Technologies Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -2.1 Mil. Shenzhen Anche Technologies 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.

Shenzhen Anche Technologies Co Interest Expense Historical Data

The historical data trend for Shenzhen Anche Technologies 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.

Shenzhen Anche Technologies Co Interest Expense Chart

Shenzhen Anche Technologies 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 -0.73 -0.59 -3.76 -5.38 -7.58

Shenzhen Anche Technologies 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 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 -1.65 -3.04 -2.25 -2.53 -2.14

Shenzhen Anche Technologies 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 ¥-9.9 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.

Shenzhen Anche Technologies Co  (SZSE:300572) 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.

Shenzhen Anche Technologies Co's Interest Expense for the three months ended in Sep. 2024 was ¥-2.1 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥-20.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥173.5 Mil.

Shenzhen Anche Technologies Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Shenzhen Anche Technologies 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.

Shenzhen Anche Technologies Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Anche Technologies Co Ltd (SZSE:300572) » Definitions » Interest Expense
Comparable Companies
SZSE:300862 SZSE:300880 SZSE:002980 SZSE:300466 SZSE:002175 SZSE:300445 SZSE:002380 SZSE:300410 SHSE:688282 SZSE:300165 TSE:6861 FTV OSTO:HEXA B KEYS GRMN TDY TRMB TSE:7701 CGNX ST
Traded in Other Exchanges
N/A
Address
No. 63 Xuefu Road, 35th Floor, United Headquarters Building, Nanshan District, Gaoxin District, Shenzhen, CHN, 518052
Website
http://www.anche.cn
Shenzhen Anche Technologies Co Ltd manufactures and develops vehicle safety inspection systems, vehicle performance test systems, emission test systems, and networking solutions for the automobile industry. The company offers a comprehensive range of products which provides end-to-end solutions for vehicle testing systems which also undergoes research and development to provide upgraded technology solutions. Its products include brake testers, control systems, chassis dynamometer, side slip tester, speedometer tester, and steering and suspension testers.
Executives
Dong Hai Guang Directors, executives
Shen Ji Chun Directors, executives
Zhuang Li Director
He Xian Ning Directors, executives
Pan Ming Xiu Supervisors

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