Ningbo Ligong Environment and Energy Technology Co (SZSE:002322) Interest Expense : ¥-0 Mil (TTM As of Mar. 2024)

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What is Ningbo Ligong Environment and Energy Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ningbo Ligong Environment and Energy Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-0 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. Ningbo Ligong Environment and Energy Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 39 Mil. Ningbo Ligong Environment and Energy Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0 Mil. Ningbo Ligong Environment and Energy Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 392.42. 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.

Ningbo Ligong Environment and Energy Technology Co Interest Expense Historical Data

The historical data trend for Ningbo Ligong Environment and Energy 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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Ningbo Ligong Environment and Energy Technology Co Interest Expense Chart

Ningbo Ligong Environment and Energy Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-14.81

-8.87

-2.65

-0.25

-0.31

Ningbo Ligong Environment and Energy 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															-0.16	0.01	-0.44	0.28	-0.10

Ningbo Ligong Environment and Energy 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 Mil.

Ningbo Ligong Environment and Energy Technology Co (SZSE:002322) 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.

Ningbo Ligong Environment and Energy Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥5 Mil.

Ningbo Ligong Environment and Energy 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	*	39.242	/	-0.1
	=	392.42

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. Ningbo Ligong Environment and Energy Technology Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Ningbo Ligong Environment and Energy Technology Co (SZSE:002322) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Ligong Environment and Energy Technology Co Ltd (SZSE:002322) » Definitions » Interest Expense

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Address

No. 22, Caofeijiang Road, Bonded Area, Zhejiang, Ningbo, CHN, 315806

Website

http://www.lgom.com.cn

Ningbo Ligong Environment and Energy Technology Co Ltd develops and supplies online monitoring products and service for electric power industry in China. Its products and solutions include smart grid online monitoring, environmental monitoring, environmental protection and power information and environmental governance.

Executives

Li Xue Hui	Secretary Dong
Zhu Lin Sheng	Director
Ou Yang Qiang	Executives
Yu Xue	Director
Wang Bi Kao	Executives
Chen Kui	Independent director
Yu Ling Jia	Securities Affairs Representative
Zhou Fang Jie	Directors, executives
Wu Wei Guo	Executives
Zhao Shu Qiu	Executives
Wang Hui Fen	Executives
Zhao Yong	Directors, executives
Xu Qing Song	Directors, executives
Yang Liu Feng	Directors, executives
Zhang Peng Xiang	Directors, executives

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