Shenzhen S.C New Energy Technology (SZSE:300724) Interest Expense : ¥-10 Mil (TTM As of Mar. 2024)

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What is Shenzhen S.C New Energy Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shenzhen S.C New Energy Technology's interest expense for the three months ended in Mar. 2024 was ¥ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-10 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 S.C New Energy Technology's Operating Income for the three months ended in Mar. 2024 was ¥ 660 Mil. Shenzhen S.C New Energy Technology's Interest Expense for the three months ended in Mar. 2024 was ¥ -2 Mil. Shenzhen S.C New Energy Technology's Interest Coverage for the quarter that ended in Mar. 2024 was 284.01. 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 S.C New Energy Technology Interest Expense Historical Data

The historical data trend for Shenzhen S.C New Energy 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.

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Shenzhen S.C New Energy Technology Interest Expense Chart

Shenzhen S.C New Energy Technology Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-2.95

-26.05

-18.36

-7.26

-10.58

Shenzhen S.C New Energy Technology 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															-2.64	-2.75	-2.52	-2.68	-2.33

Shenzhen S.C New Energy 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-10 Mil.

Shenzhen S.C New Energy Technology (SZSE:300724) 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 S.C New Energy Technology's Interest Expense for the three months ended in Mar. 2024 was ¥-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥660 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥89 Mil.

Shenzhen S.C New Energy Technology'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	*	660.317	/	-2.325
	=	284.01

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Shenzhen S.C New Energy Technology Corp has enough cash to cover all of its debt. Its financial situation is stable.

Shenzhen S.C New Energy Technology (SZSE:300724) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen S.C New Energy Technology Corp (SZSE:300724) » Definitions » Interest Expense

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Address

No 89 Hengping Road, Henggang Street, Buildding D, E (Yongxin Industrial Park) Digital Silicon Valley, Longgang District, Guangdong Province, Shenzhen, CHN, 518115

Website

http://www.chinasc.com.cn

Shenzhen S.C New Energy Technology Corp is a Chinese photo-voltaic and green energy equipment manufacturer. The company offerings are categorized into five categories from mono/multi-Crystalline texturing equipment, diffusion furnace, PSG removal and edge isolation equipment, PECVD to intelligent automation equipment. Its products include Automatic Mono-Crystalline Texturing Equipment, DOA Equipment, Integrated Mono-crystalline/ MCCE Texturing Equipment, Automatic Ultrasonic Wafer Cleaning Equipment, Drying oven, LED devices, and also offers Crystalline Solar Cell Production Line Turnkey Solution.

Executives

Liang Mei Zhen	Director
Li Shi Jun	Directors, executives
Zuo Guo Jun	Directors, executives
Wu Bo	Directors, executives
Zhang Yong	Supervisors

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