Edifier Technology Co (SZSE:002351) Interest Expense : ¥-1 Mil (TTM As of Mar. 2024)

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What is Edifier Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Edifier 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 ¥-1 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. Edifier Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 131 Mil. Edifier Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0 Mil. Edifier Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1,276.27. 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.

Edifier Technology Co Interest Expense Historical Data

The historical data trend for Edifier 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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Edifier Technology Co Interest Expense Chart

Edifier Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.12

-0.42

-0.44

-0.61

Edifier 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															-0.18	-0.16	-0.17	-0.10	-0.10

Edifier 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 ¥-1 Mil.

Edifier Technology Co (SZSE:002351) 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.

Edifier 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 ¥131 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥9 Mil.

Edifier 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	*	131.456	/	-0.103
	=	1,276.27

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

Edifier Technology Co (SZSE:002351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Edifier Technology Co Ltd (SZSE:002351) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No.9998 Shennan Road, Unit 9, 22nd Floor, Wanlida Technology Building, Science and Technology Park, Nanshan District, Guangdong, Shenzhen, CHN, 518057

Website

http://www.edifier.com

Edifier Technology Co Ltd, a Chinese company, is principally engaged in the research and development of audio technology and its product applications. The company's core business products are professional multimedia audio and home audio equipment. It offers headphones, bookshelf speakers, computer speakers, TV and Home theater, sound bar, and other products. It sells its products in China and other countries.

Executives

Xiao Min	Directors, executives
Zhang Wen Dong	Directors, executives
Zhang Wen Sheng	Directors, executives
Wang Xiao Hong	Director
Wang Hong Rong	Executives
Wen Yu	Executives
Deng Long Mu	Executives
Wang Jiu Jun	Supervisors
Fan Gang Juan	Supervisors
	Director
Kong Yu Quan	Independent director
Xu Bin	Director
Wang Jiu Kui	Supervisors

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