Beijing Originwater Technology Co (SZSE:300070) Interest Expense : ¥-1,113 Mil (TTM As of Mar. 2024)

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What is Beijing Originwater Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Beijing Originwater Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -267 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-1,113 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. Beijing Originwater Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 220 Mil. Beijing Originwater Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -267 Mil. Beijing Originwater Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.82. 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.

Beijing Originwater Technology Co Interest Expense Historical Data

The historical data trend for Beijing Originwater 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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Beijing Originwater Technology Co Interest Expense Chart

Beijing Originwater Technology Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-853.31

-1,177.41

-1,030.45

-1,095.61

-1,098.42

Beijing Originwater 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															-253.10	-288.58	-285.64	-271.10	-267.23

Beijing Originwater 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 ¥-1,113 Mil.

Beijing Originwater Technology Co (SZSE:300070) 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.

Beijing Originwater Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-267 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥220 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥18,392 Mil.

Beijing Originwater 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	*	219.989	/	-267.234
	=	0.82

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Beijing Originwater Technology Co Ltd interest coverage is 1.55, which is low.

Beijing Originwater Technology Co (SZSE:300070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Beijing Originwater Technology Co Ltd (SZSE:300070) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

23-2 BOW Building, Life Science Park Road, Haidian District, Beijing, CHN

Website

http://www.originwater.com

Beijing Originwater Technology Co Ltd is a high-tech environmental protection enterprise integrated with membrane material development, membrane equipment manufacturing and membrane technology. The company is involved in the treatment of wastewater. The product portfolio includes - Microfiltration membrane (MF), Ultrafiltration (UF), Ultra-low pressure and highly selective membrane (DF), and Reverse Osmosis (RO). The company's products are used in seawater desalination, industrial water recycling, brackish water desalination, household drinking water purification, wastewater reclamation projects, and surface water treatment projects.

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