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Lingyi Itech (Guangdong) Co (SZSE:002600) Interest Expense : ¥-328 Mil (TTM As of Mar. 2024)


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What is Lingyi Itech (Guangdong) Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lingyi Itech (Guangdong) Co's interest expense for the three months ended in Mar. 2024 was ¥ -80 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-328 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. Lingyi Itech (Guangdong) Co's Operating Income for the three months ended in Mar. 2024 was ¥ 693 Mil. Lingyi Itech (Guangdong) Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -80 Mil. Lingyi Itech (Guangdong) Co's Interest Coverage for the quarter that ended in Mar. 2024 was 8.61. 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.

Lingyi Itech (Guangdong) Co Interest Expense Historical Data

The historical data trend for Lingyi Itech (Guangdong) 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.

Lingyi Itech (Guangdong) Co Interest Expense Chart

Lingyi Itech (Guangdong) 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 -295.37 -253.70 -253.00 -356.99 -348.49

Lingyi Itech (Guangdong) 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 -100.66 -104.26 -72.84 -70.74 -80.49

Lingyi Itech (Guangdong) 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 ¥-328 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.

Lingyi Itech (Guangdong) Co  (SZSE:002600) 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.

Lingyi Itech (Guangdong) Co's Interest Expense for the three months ended in Mar. 2024 was ¥-80 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥693 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥6,102 Mil.

Lingyi Itech (Guangdong) 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*693.174/-80.49
=8.61

* 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.

Lingyi Itech (Guangdong) Co (SZSE:002600) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lingyi Itech (Guangdong) Co Ltd (SZSE:002600) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 8, Longwan Road, GuangDong Province, Jiangmen, CHN, 529000
Website
http://www.lingyiitech.com
Lingyi Itech (Guangdong) Co Ltd is a Chinese company that manufactures magnetic materials, precision components and modules, precision structural parts, liquid crystal display modules, capacitive touch screens, wire and cable, motors, trade logistics, and supply chain finance. Its products are used in consumer electronics, automotive control, smart security, smart wear, smart home, new materials, new energy vehicles and other fields.
Executives
Liu Jian Feng Supervisors
Fan Wei Supervisors
Tan Jun Director
Li Xue Hua Supervisors
Li Xiao Qing Executives
Cheng Xin Independent director
Chen Guo Shi Director
Cao Yun Director
Liu Ji Wen Supervisors
Li Zhong Xuan Independent director
Wang Yan Executives
Wang Nan Dong Directors, executives
Zhou Zhan Feng Directors, Directors, and Executives
Liu Gang Directors, executives
Wu Jie Directors, executives

Lingyi Itech (Guangdong) Co (SZSE:002600) Headlines

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