Qingdao Richmat Intelligence Technology (SZSE:301320) Interest Expense : ¥-0.5 Mil (TTM As of Sep. 2024)

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What is Qingdao Richmat Intelligence Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Qingdao Richmat Intelligence Technology's interest expense for the three months ended in Sep. 2024 was ¥ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-0.5 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. Qingdao Richmat Intelligence Technology's Operating Income for the three months ended in Sep. 2024 was ¥ 22.6 Mil. Qingdao Richmat Intelligence Technology's Interest Expense for the three months ended in Sep. 2024 was ¥ -0.1 Mil. Qingdao Richmat Intelligence Technology's Interest Coverage for the quarter that ended in Sep. 2024 was 158.23. 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.

Qingdao Richmat Intelligence Technology Interest Expense Historical Data

The historical data trend for Qingdao Richmat Intelligence 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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Qingdao Richmat Intelligence Technology Interest Expense Chart

Qingdao Richmat Intelligence Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.11

-0.27

-0.98

-0.93

Qingdao Richmat Intelligence Technology Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial												-0.05	-0.01	-0.32	-0.05	-0.14

Qingdao Richmat Intelligence 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-0.5 Mil.

Qingdao Richmat Intelligence Technology (SZSE:301320) 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.

Qingdao Richmat Intelligence Technology's Interest Expense for the three months ended in Sep. 2024 was ¥-0.1 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥22.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥10.4 Mil.

Qingdao Richmat Intelligence Technology'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	*	22.627	/	-0.143
	=	158.23

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. Qingdao Richmat Intelligence Technology Inc has enough cash to cover all of its debt. Its financial situation is stable.

Qingdao Richmat Intelligence Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Richmat Intelligence Technology Inc (SZSE:301320) » Definitions » Interest Expense

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Address

No. 78, Kongquehe 4th Road, Qingdao Garment Industrial Park, Jimo District, Shandong Province, Qingdao, CHN, 266200

Website

https://www.richmat.com.cn

Qingdao Richmat Intelligence Technology Inc is engaged in Research and development, production and sales of intelligent linear drive system products. its products include: Linear actuator Dual actuator, Lifting column, Control box, Handset, and Massage motor.

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