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Chongqing Millison Technologies (SZSE:301307) Interest Expense : ¥-38 Mil (TTM As of Mar. 2024)


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What is Chongqing Millison Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chongqing Millison Technologies's interest expense for the three months ended in Mar. 2024 was ¥ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-38 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. Chongqing Millison Technologies's Operating Income for the three months ended in Mar. 2024 was ¥ 24 Mil. Chongqing Millison Technologies's Interest Expense for the three months ended in Mar. 2024 was ¥ -9 Mil. Chongqing Millison Technologies's Interest Coverage for the quarter that ended in Mar. 2024 was 2.64. 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.

Chongqing Millison Technologies Interest Expense Historical Data

The historical data trend for Chongqing Millison Technologies'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.

Chongqing Millison Technologies Interest Expense Chart

Chongqing Millison Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -46.27 -47.75 -42.82 -50.13 -43.90

Chongqing Millison Technologies Quarterly Data
Dec18 Dec19 Dec20 Mar21 Jun21 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 -14.70 -12.63 -8.15 -8.42 -8.96

Chongqing Millison Technologies 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 ¥-38 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.

Chongqing Millison Technologies  (SZSE:301307) 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.

Chongqing Millison Technologies's Interest Expense for the three months ended in Mar. 2024 was ¥-9 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥24 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥631 Mil.

Chongqing Millison Technologies'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*23.598/-8.955
=2.64

* 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.

Chongqing Millison Technologies (SZSE:301307) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chongqing Millison Technologies Inc (SZSE:301307) » Definitions » Interest Expense
Comparable Companies
SZSE:301180 SZSE:300709 SZSE:002552 SZSE:002514 SZSE:002965 SZSE:002855 SHSE:688190 SZSE:300953 SHSE:601700 SZSE:300985 ATI MLI XTER:TKA SHSE:688122 ESAB TPE:2474 SZSE:000039 XTER:NDA CRS WOR
Traded in Other Exchanges
N/A
Address
No. 1 and No. 2, No. 1, Tian'an Road, Banan District, Chongqing, CHN, 401320
Website
http://www.millison.com.cn
Chongqing Millison Technologies Inc is engaged in the research and development, production and sales of aluminum alloy precision die-casting parts in the communication field and the automotive field.
Executives
Feng Cheng Long Supervisors

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