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Hangzhou Hik-Vision Digital Technology Co (SZSE:002415) Interest Expense : ¥-509 Mil (TTM As of Mar. 2024)


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What is Hangzhou Hik-Vision Digital Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hangzhou Hik-Vision Digital Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -136 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-509 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. Hangzhou Hik-Vision Digital Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 2,721 Mil. Hangzhou Hik-Vision Digital Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -136 Mil. Hangzhou Hik-Vision Digital Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 19.99. 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.

Hangzhou Hik-Vision Digital Technology Co Interest Expense Historical Data

The historical data trend for Hangzhou Hik-Vision Digital 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.

* Premium members only.

Hangzhou Hik-Vision Digital Technology Co Interest Expense Chart

Hangzhou Hik-Vision Digital Technology 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 -263.96 -223.39 -249.40 -317.31 -463.96

Hangzhou Hik-Vision Digital 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 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 -90.79 -108.14 -128.94 -136.10 -136.12

Hangzhou Hik-Vision Digital 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 ¥-509 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.

Hangzhou Hik-Vision Digital Technology Co  (SZSE:002415) 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.

Hangzhou Hik-Vision Digital Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-136 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥2,721 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥6,311 Mil.

Hangzhou Hik-Vision Digital 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*2720.711/-136.118
=19.99

* 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.

Hangzhou Hik-Vision Digital Technology Co (SZSE:002415) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hangzhou Hik-Vision Digital Technology Co Ltd (SZSE:002415) » Definitions » Interest Expense
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SHSE:688041 SHSE:603019 SZSE:000977 SZSE:301308 SZSE:300223 SZSE:000066 SZSE:002180 SHSE:600100 SZSE:000021 SHSE:600601 ANET DELL HPQ TPE:2382 TSE:7751 HKSE:00992 NTAP STX WDC SMCI
Traded in Other Exchanges
N/A
Address
No.555 Qianmo Road, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310051
Website
http://www.hikvision.com
Hangzhou Hikvision Digital Technology is the world's largest manufacturer of video surveillance equipment. Since then, the company has been growing its software and analytics offerings, as customers are increasingly seeking customized total solutions. Hikvision is also developing its Innovative businesses, which accounted for 18% of overall 2022 revenue. The smart-home business is powered by the EZVIZ consumer brand. Innovative business includes the development of industrial robotics, automotive electronics, X-ray sensors, infrared sensors, memory products and medical systems. Hikvision employs more than 58,000 people.

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