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Gotion High-tech Co (SZSE:002074) Interest Expense : ¥-1,262 Mil (TTM As of Mar. 2024)


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What is Gotion High-tech Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gotion High-tech Co's interest expense for the three months ended in Mar. 2024 was ¥ -352 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-1,262 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. Gotion High-tech Co's Operating Income for the three months ended in Mar. 2024 was ¥ 425 Mil. Gotion High-tech Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -352 Mil. Gotion High-tech Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.21. 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.

Gotion High-tech Co Interest Expense Historical Data

The historical data trend for Gotion High-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.

Gotion High-tech Co Interest Expense Chart

Gotion High-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 -373.27 -352.62 -389.65 -711.03 -1,157.60

Gotion High-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 -247.67 -249.57 -275.08 -385.28 -351.88

Gotion High-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 ¥-1,262 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.

Gotion High-tech Co  (SZSE:002074) 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.

Gotion High-tech Co's Interest Expense for the three months ended in Mar. 2024 was ¥-352 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥425 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥21,006 Mil.

Gotion High-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*425.136/-351.879
=1.21

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Gotion High-tech Co Ltd interest coverage is 1.56, which is low.

Gotion High-tech Co (SZSE:002074) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gotion High-tech Co Ltd (SZSE:002074) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 599 Daihe Road, Xinzhan District, Hefei, CHN, 230012
Website
http://www.gotion.com.cn
Established in 2006 in Hefei, Anhui province, Gotion High-tech, is one of the first enterprises engaged in research, production, and sales of rechargeable lithium-ion batteries for NEVs in China. Its main products include lithium iron phosphate materials and batteries, ternary batteries, battery packs, and energy storage batteries. The products are widely used in new energy passenger vehicles, commercial vehicles, energy storage power plants, communication base stations, and so on. Gotion ranked eighth among global EV battery companies with 3% market share in 2022 in terms of installed capacity, and fourth in China with 5% market share. The company is 25%-owned by Volkswagen Group with Chairman Li Zhen holding around 7%.
Executives
An Dong Liang Executives
Director
Wu Yong Gang Executives
Hou Fei Executives
Peng Ming Supervisors
Huang Zhang Xi Executives
Director
Song Jin Bao Executives
Yang Xu Lai Director
Li Zhen Directors, executives
Shen Qiang Sheng Securities Affairs Representative
Fang Xin Yu Executives
Ma Gui Fu Directors, executives
Hu Jiang Lin Directors, executives
Qiu Wei Dong Directors, executives

Gotion High-tech Co (SZSE:002074) Headlines

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