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ORG Technology Co (SZSE:002701) Interest Expense : ¥-255 Mil (TTM As of Mar. 2024)


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What is ORG Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ORG Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -57 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-255 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. ORG Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 431 Mil. ORG Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -57 Mil. ORG Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 7.60. 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.

ORG Technology Co Interest Expense Historical Data

The historical data trend for ORG 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.

ORG Technology Co Interest Expense Chart

ORG 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 -316.28 -375.52 -349.08 -284.99 -268.05

ORG 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 -69.85 -71.99 -67.45 -58.76 -56.69

ORG 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 ¥-255 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.

ORG Technology Co  (SZSE:002701) 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.

ORG Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-57 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥431 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥752 Mil.

ORG 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*431.088/-56.688
=7.60

* 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.

ORG Technology Co (SZSE:002701) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » ORG Technology Co Ltd (SZSE:002701) » Definitions » Interest Expense
Comparable Companies
SZSE:301559 SZSE:002585 SZSE:002243 SZSE:002191 SZSE:002803 SHSE:600210 SHSE:601515 SHSE:601968 SZSE:300057 SZSE:002303 BALL AVY PKG AMCR IP CCK WRK SZSE:002812 DUB:SK3 XSWX:SIGN
Traded in Other Exchanges
N/A
Address
YanQi Industrial Development Zone, Huai Rou District, Beijing, CHN, 101407
Website
https://www.orgtech.cn
ORG Technology Co Ltd is engaged in providing internet information services. The firm engages in offering technology development, technical services, technology testing; product design; economic and trade consultation; automatic identification and identification systems development and application; development and application of visualization and cargo tracking system; development and application of intelligent management system. Geographically it operates through China however it also holds a presence in the international market.
Executives
Zhang Shao Jun Executives
Zhou Yuan Director
Zhang Liang De Executives
Shen Tao Directors, executives
Zhou Yun Jie Director
Jiang Xian Da Supervisors
Huang Zhi Feng Supervisors
Chen Yu Fei Executives
Ma Bin Yun Supervisors
Wang Dong Directors, executives
Wu Duo Quan Executives
Gao Shu Jun Executives, directors
Chen Zhong Ge Supervisors
Zhao Yu Hui Directors, executives

ORG Technology Co (SZSE:002701) Headlines

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