Jiangsu Zhongtian Technology Co (SHSE:600522) Interest Expense : ¥-158 Mil (TTM As of Mar. 2024)

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What is Jiangsu Zhongtian Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangsu Zhongtian Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-158 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. Jiangsu Zhongtian Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 714 Mil. Jiangsu Zhongtian Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -31 Mil. Jiangsu Zhongtian Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 22.69. 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.

Jiangsu Zhongtian Technology Co Interest Expense Historical Data

The historical data trend for Jiangsu Zhongtian Technology Co'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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Jiangsu Zhongtian Technology Co Interest Expense Chart

Jiangsu Zhongtian Technology Co Annual Data

Trend

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Dec23

Interest Expense

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-270.04

-270.25

-303.45

-220.00

-177.82

Jiangsu Zhongtian Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-51.65	-47.48	-14.21	-64.47	-31.47

Jiangsu Zhongtian Technology Co 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 ¥-158 Mil.

Jiangsu Zhongtian Technology Co (SHSE:600522) 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.

Jiangsu Zhongtian Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-31 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥714 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥1,222 Mil.

Jiangsu Zhongtian Technology Co'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	*	713.854	/	-31.466
	=	22.69

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

Jiangsu Zhongtian Technology Co (SHSE:600522) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Zhongtian Technology Co Ltd (SHSE:600522) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Nantong Economic and Technology Development Zone, Jiangsu, Nantong, CHN, 226009

Website

http://www.chinaztt.com

Jiangsu Zhongtian Technology Co Ltd is a China-based company engaged in the manufacturing and distribution of fiber-optic-communication and power-transmission products. Its products include power cables, fittings, insulators, arresters; conductors, aluminum-clad steel wires, transformers, and power switch gears; optical fibers, optical fiber cables, coaxial cables, and antennas; and submarine composite and FO cables, submarine cable accessories, and ROV cables. The company also offers marine and offshore cables; lithium-ion batteries, solar cell backsheets, and photovoltaic technology products; alloy materials; an optical fiber and optical cable machines.

Executives

Xue Ru Gen	Supervisors
Jin Ying	Supervisors
Gao Hong Shi	senior management
Qu Zhi	senior management
Xie Shu Hong	senior management
You Wei Ren	Supervisors
Lu Wei	senior management
Ye Zhi Feng	senior management
Yang Dong Yun	senior management
Xue Ji Ping	Director

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