WIMI (WiMi Hologram Cloud) Interest Expense : $-0.16 Mil (TTM As of Dec. 2024)

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What is WiMi Hologram Cloud Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. WiMi Hologram Cloud's interest expense for the six months ended in Dec. 2024 was $ -0.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-0.16 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. WiMi Hologram Cloud's Operating Income for the six months ended in Dec. 2024 was $ 1.41 Mil. WiMi Hologram Cloud's Interest Expense for the six months ended in Dec. 2024 was $ -0.08 Mil. WiMi Hologram Cloud's Interest Coverage for the quarter that ended in Dec. 2024 was 16.96. 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.

WiMi Hologram Cloud Interest Expense Historical Data

The historical data trend for WiMi Hologram Cloud'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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WiMi Hologram Cloud Interest Expense Chart

WiMi Hologram Cloud Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-0.58

-1.11

-0.32

-0.15

-0.16

WiMi Hologram Cloud Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial										-0.06	-0.14	-0.01	-0.07	-0.08

WiMi Hologram Cloud 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 Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.16 Mil.

WiMi Hologram Cloud (NAS:WIMI) 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.

WiMi Hologram Cloud's Interest Expense for the six months ended in Dec. 2024 was $-0.08 Mil. Its Operating Income for the six months ended in Dec. 2024 was $1.41 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was $0.10 Mil.

WiMi Hologram Cloud's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	1.408	/	-0.083
	=	16.96

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

WiMi Hologram Cloud Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » WiMi Hologram Cloud Inc (NAS:WIMI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1st West Dawang Road, Room No.2002, Building A, Wentley Center, Chaoyang, Beijing, CHN, 100020

Website

http://ir.wimiar.com

WiMi Hologram Cloud Inc and its subsidiaries offer augmented reality (AR) based holographic services and products to cater to its customers. Its AR service and product offerings primarily consist of holographic AR advertising services and holographic AR entertainment products. It is also into the semiconductor business, in which the company provides central processing algorithm services and computer chip products to enterprise customers and the sales of comprehensive solutions for central processing algorithms and related services with software and hardware integration. The company reports in three segments: AR advertising, AR entertainment, and Semiconductor. Its geographical segments are Mainland China, Hong Kong, and International.