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Xiamen Changelight Co (SZSE:300102) Interest Expense : ¥-42 Mil (TTM As of Mar. 2024)


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What is Xiamen Changelight Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Xiamen Changelight Co's interest expense for the three months ended in Mar. 2024 was ¥ -15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-42 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. Xiamen Changelight Co's Operating Income for the three months ended in Mar. 2024 was ¥ 32 Mil. Xiamen Changelight Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -15 Mil. Xiamen Changelight Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.11. 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.

Xiamen Changelight Co Interest Expense Historical Data

The historical data trend for Xiamen Changelight 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.

Xiamen Changelight Co Interest Expense Chart

Xiamen Changelight 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 -58.62 -96.77 -74.69 -62.61 -49.99

Xiamen Changelight 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 -22.87 -15.89 -11.26 0.04 -14.97

Xiamen Changelight 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 ¥-42 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.

Xiamen Changelight Co  (SZSE:300102) 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.

Xiamen Changelight Co's Interest Expense for the three months ended in Mar. 2024 was ¥-15 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥32 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥717 Mil.

Xiamen Changelight 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*31.626/-14.966
=2.11

* 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.

Xiamen Changelight Co (SZSE:300102) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Xiamen Changelight Co Ltd (SZSE:300102) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
19 Xiangyue Road, Xiamen Torch Xiang An, Industry Park, Xiamen, CHN
Website
http://www.changelight.com.cn
Xiamen Changelight Co Ltd is engaged in the research, development, production, and sale of semiconductor materials in China. The company mainly produces full-color ultra-bright LED epitaxial wafers and chips, high-performance gallium arsenide solar cells, LED lighting products and provides energy-saving lighting application solutions. The product distribution network covers all parts of the country and Southeast Asia.
Executives
Liu Zhao Executives
Li Min Hua Director
Jin Zhang Yu Director
Cai Hai Fang Executives
Zheng Yuan Xin Executives
Niu Xing Sheng Executives
Liu Wen Hui Directors, executives
Zhang Xian Cheng Executives
Peng Xing Hua Executives
Cai Yu Mei Supervisors
Wang Wei Yong Director
Zhang Shuang Xiang Executives
Wang Jian Hong Supervisors
Deng Dian Ming Director
Wang Xiang Wu Directors, executives

Xiamen Changelight Co (SZSE:300102) Headlines

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