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Sineng Electric Co (SZSE:300827) Interest Expense : ¥-27 Mil (TTM As of Mar. 2024)


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What is Sineng Electric Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sineng Electric Co's interest expense for the three months ended in Mar. 2024 was ¥ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-27 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. Sineng Electric Co's Operating Income for the three months ended in Mar. 2024 was ¥ 53 Mil. Sineng Electric Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -5 Mil. Sineng Electric Co's Interest Coverage for the quarter that ended in Mar. 2024 was 9.76. 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.

Sineng Electric Co Interest Expense Historical Data

The historical data trend for Sineng Electric 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.

Sineng Electric Co Interest Expense Chart

Sineng Electric 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 -8.18 -12.10 -8.13 -22.61 -28.04

Sineng Electric 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 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 -6.93 -5.34 -8.37 -7.41 -5.48

Sineng Electric 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 ¥-27 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.

Sineng Electric Co  (SZSE:300827) 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.

Sineng Electric Co's Interest Expense for the three months ended in Mar. 2024 was ¥-5 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥53 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥152 Mil.

Sineng Electric 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*53.491/-5.482
=9.76

* 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.

Sineng Electric Co (SZSE:300827) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sineng Electric Co Ltd (SZSE:300827) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 6 Hehui Road, Huishan District, Jiangsu Province, Wuxi, CHN, 214174
Website
http://www.si-neng.com
Sineng Electric Co Ltd is engaged in production and sales of power electronic equipment. The company is deeply involved in the field of power electronics energy conversion and control, providing users with products and solutions such as photovoltaic grid-connected inversion, photovoltaic power station operation and maintenance, photovoltaic power station development, power quality control, and energy storage bidirectional conversion. Its business covers the entire power generation, supply and distribution, and electricity consumption systems, and it is a leading equipment manufacturer and solution provider in related industries.
Executives
Chen Gan Feng Directors, executives
Duan Yu He Directors, executives
Li Jian Fei Directors, executives
Zhao Long Supervisors

Sineng Electric Co (SZSE:300827) Headlines

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