Zhibao Technology (Zhibao Technology) Interest Expense : $-0.13 Mil (TTM As of Jun. 2023)

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What is Zhibao Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhibao Technology's interest expense for the six months ended in Jun. 2023 was $ -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-0.13 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. Zhibao Technology's Operating Income for the six months ended in Jun. 2023 was $ -7.13 Mil. Zhibao Technology's Interest Expense for the six months ended in Jun. 2023 was $ -0.05 Mil. Zhibao Technology did not have earnings to cover the interest expense. 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.

Zhibao Technology Interest Expense Historical Data

The historical data trend for Zhibao 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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Zhibao Technology Interest Expense Chart

Zhibao Technology Annual Data

Trend

Jun21

Jun22

Jun23

Interest Expense

-0.16

-0.17

-0.13

Zhibao Technology Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	-	-0.09	-0.09	-0.08	-0.05

Zhibao 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.13 Mil.

Zhibao Technology (NAS:ZBAO) 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.

Zhibao Technology's Interest Expense for the six months ended in Jun. 2023 was $-0.05 Mil. Its Operating Income for the six months ended in Jun. 2023 was $-7.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was $0.32 Mil.

Zhibao Technology's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Zhibao Technology did not have earnings to cover the interest expense.

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

Zhibao Technology (Zhibao Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zhibao Technology Inc (NAS:ZBAO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Floor 3, Building 6, Wuxing Road, Lane 727, Shanghai, CHN, 201204

Website

https://www.zhibao-tech.com

Zhibao Technology Inc is a insurance technology company primarily engaged in providing digital insurance brokerage services in China. 2B2C digital embedded insurance is their innovative business model which they pioneered in China. They provide customized digital insurance solutions for B-side channels (covering a wide range of industries and organizations, including but not limited to Internet platforms, large and medium-sized enterprises, and government agencies, etc.), embedding them into the channel's existing business matrix, and providing the channel with Provide digital insurance brokerage services to C-end customers.

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