Beijing Balance Medical Technology Co (SHSE:688198) Interest Expense : ¥-0.5 Mil (TTM As of Mar. 2024)

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What is Beijing Balance Medical Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Beijing Balance Medical Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-0.5 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. Beijing Balance Medical Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ -2.2 Mil. Beijing Balance Medical Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.1 Mil. Beijing Balance Medical Technology Co 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.

Beijing Balance Medical Technology Co Interest Expense Historical Data

The historical data trend for Beijing Balance Medical 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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Beijing Balance Medical Technology Co Interest Expense Chart

Beijing Balance Medical Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.04

-0.12

-0.08

-0.42

Beijing Balance Medical 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															-0.02	-0.11	-0.11	-0.17	-0.12

Beijing Balance Medical 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 ¥-0.5 Mil.

Beijing Balance Medical Technology Co (SHSE:688198) 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.

Beijing Balance Medical Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-2.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥8.1 Mil.

Beijing Balance Medical Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Beijing Balance Medical Technology Co did not have earnings to cover the interest expense.

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. Beijing Balance Medical Technology Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Beijing Balance Medical Technology Co (SHSE:688198) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Beijing Balance Medical Technology Co Ltd (SHSE:688198) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Huachang Road, East District, Science Park, Changping District, Beijing, CHN, 102200

Website

http://www.bairenmedical.com

Beijing Balance Medical Technology Co Ltd is engaged in the research and development and production of animal-derived implantable medical devices. The company's products are used in heart valve replacement and repair, congenital heart disease implant intervention and surgical soft tissue repair.

Executives

Wu Jia	Core technical personnel
Fan Zhi Hao	Core technical personnel
Zhu Li Wu	Core technical personnel
Bo Bin Xu	Core technical personnel
Zheng Xue Qin	Core technical personnel
Jin Lei	Directors, senior managers, core technical personn
Cheng Qi	Director

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