Hunan Sund Technological (SZSE:301548) Interest Expense : ¥-0.6 Mil (TTM As of Mar. 2024)

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What is Hunan Sund Technological Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hunan Sund Technological's interest expense for the three months ended in Mar. 2024 was ¥ -0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-0.6 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. Hunan Sund Technological's Operating Income for the three months ended in Mar. 2024 was ¥ 28.9 Mil. Hunan Sund Technological's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.0 Mil. Hunan Sund Technological's Interest Coverage for the quarter that ended in Mar. 2024 was 14,432.00. 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.

Hunan Sund Technological Interest Expense Historical Data

The historical data trend for Hunan Sund Technological'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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Hunan Sund Technological Interest Expense Chart

Hunan Sund Technological Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.69

-3.81

-2.86

-2.45

-1.19

Hunan Sund Technological Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial									-0.57	-0.42	-0.19	-0.01	-

Hunan Sund Technological 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 ¥-0.6 Mil.

Hunan Sund Technological (SZSE:301548) 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.

Hunan Sund Technological's Interest Expense for the three months ended in Mar. 2024 was ¥-0.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥28.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0.0 Mil.

Hunan Sund Technological'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	*	28.864	/	-0.002
	=	14,432.00

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. Hunan Sund Technological Corp has enough cash to cover all of its debt. Its financial situation is stable.

Hunan Sund Technological (SZSE:301548) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hunan Sund Technological Corp (SZSE:301548) » Definitions » Interest Expense

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Address

No. 9, Chayuan Road, High-tech Zone, Hunan, Xiangtan, CHN, 411102

Website

http://www.hnsund.com

Hunan Sund Technological Corp is engaged in research & development, design, production and sales of dynamic pressure oil film sliding bearings, sales of rolling bearings and related products, etc. It is a leading bearing supplier of bearing products and integral solutions for transmission systems.

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