Shenzhen Transsion Holdings Co (SHSE:688036) Interest Expense : ¥-81 Mil (TTM As of Mar. 2024)

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What is Shenzhen Transsion Holdings Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shenzhen Transsion Holdings Co's interest expense for the three months ended in Mar. 2024 was ¥ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-81 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. Shenzhen Transsion Holdings Co's Operating Income for the three months ended in Mar. 2024 was ¥ 1,790 Mil. Shenzhen Transsion Holdings Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -18 Mil. Shenzhen Transsion Holdings Co's Interest Coverage for the quarter that ended in Mar. 2024 was 98.67. 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.

Shenzhen Transsion Holdings Co Interest Expense Historical Data

The historical data trend for Shenzhen Transsion Holdings 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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Shenzhen Transsion Holdings Co Interest Expense Chart

Shenzhen Transsion Holdings Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.05

-8.37

-36.87

-66.85

-79.27

Shenzhen Transsion Holdings 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															-16.31	-19.02	-20.61	-23.34	-18.15

Shenzhen Transsion Holdings 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 ¥-81 Mil.

Shenzhen Transsion Holdings Co (SHSE:688036) 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.

Shenzhen Transsion Holdings Co's Interest Expense for the three months ended in Mar. 2024 was ¥-18 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥1,790 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥413 Mil.

Shenzhen Transsion Holdings 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	*	1790.355	/	-18.145
	=	98.67

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. Shenzhen Transsion Holdings Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Shenzhen Transsion Holdings Co (SHSE:688036) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Transsion Holdings Co Ltd (SHSE:688036) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

No. 9789 Shennan Road, 17th Floor, Desay Building, Hi-Tech Park, Nanshan District, Shenzhen, CHN, 518057

Website

http://www.transsion.com

Shenzhen Transsion Holdings Co Ltd is a smart device and mobile internet service provider. It offers smart devices with mobile phones as the core products, and mobile internet service based on self-developed intelligent terminal operating system and massive mobile phone users. The company's brand portfolio comprises mobile phone brands including TECNO, itel and Infinix, Carlcare for after-sales services, oraimo for smart accessories, and Syinix for home appliances.

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