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Huagong Tech Co (SZSE:000988) Interest Expense : ¥-90 Mil (TTM As of Mar. 2024)


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What is Huagong Tech Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Huagong Tech Co's interest expense for the three months ended in Mar. 2024 was ¥ -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-90 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. Huagong Tech Co's Operating Income for the three months ended in Mar. 2024 was ¥ 281 Mil. Huagong Tech Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -17 Mil. Huagong Tech Co's Interest Coverage for the quarter that ended in Mar. 2024 was 16.74. 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.

Huagong Tech Co Interest Expense Historical Data

The historical data trend for Huagong Tech 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.

* Premium members only.

Huagong Tech Co Interest Expense Chart

Huagong Tech Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -23.92 -25.53 -35.00 -74.33 -93.12

Huagong Tech 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -20.16 -25.22 -25.22 -22.52 -16.76

Huagong Tech 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 ¥-90 Mil.

* 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.

Huagong Tech Co  (SZSE:000988) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Huagong Tech Co's Interest Expense for the three months ended in Mar. 2024 was ¥-17 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥281 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥2,774 Mil.

Huagong Tech 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*280.694/-16.764
=16.74

* 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.

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

Huagong Tech Co (SZSE:000988) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Huagong Tech Co Ltd (SZSE:000988) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Huazhong University of Science and Technology University, Huagong Technology Headquarters Building, Wuhan East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN, 430223
Website
http://www.hgtech.com.cn
Huagong Tech Co Ltd is a China-based company principally engaged in the business of laser equipment manufacturing, optical communications and laser holographic anti-counterfeiting of sensitive products and components. The company's products are widely used in machinery manufacturing, aerospace, automobile industry, and iron and steel metallurgy and other industries. In addition, the company also offers solutions such as energy industry laser processing solutions, aerospace applications solutions, 3C industry laser processing solutions, automotive industry application solutions, certification industry anti-counterfeiting solutions, intelligent manufacturing service platform and cloud computing centre.
Executives
Xiong Wen Directors, executives
Zhang Qin Executives
Liu Han Shu Directors, Directors, and Executives
Ma Xin Qiang Directors, executives
Chen Sen Hua Supervisors
An Xin Securities Affairs Representative
Min Da Yong Directors, executives
Nie Bo Executives
Yang Xiao Executives
Yang Xing Guo Executives
Deng Jia Ke Executives
Cai Xue En Independent director
Zhu Song Qing Director
Lv Wei Ping Independent director
Wang Xiao Bei Supervisors

Huagong Tech Co (SZSE:000988) Headlines

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