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Sungrow Power Supply Co (SZSE:300274) Interest Expense : ¥-340 Mil (TTM As of Mar. 2024)


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What is Sungrow Power Supply Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sungrow Power Supply Co's interest expense for the three months ended in Mar. 2024 was ¥ -84 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-340 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. Sungrow Power Supply Co's Operating Income for the three months ended in Mar. 2024 was ¥ 2,626 Mil. Sungrow Power Supply Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -84 Mil. Sungrow Power Supply Co's Interest Coverage for the quarter that ended in Mar. 2024 was 31.29. 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.

Sungrow Power Supply Co Interest Expense Historical Data

The historical data trend for Sungrow Power Supply 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.

Sungrow Power Supply Co Interest Expense Chart

Sungrow Power Supply 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 -110.10 -97.63 -124.11 -209.09 -318.94

Sungrow Power Supply 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 -62.62 -64.01 -98.10 -94.21 -83.92

Sungrow Power Supply 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 ¥-340 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.

Sungrow Power Supply Co  (SZSE:300274) 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.

Sungrow Power Supply Co's Interest Expense for the three months ended in Mar. 2024 was ¥-84 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥2,626 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥4,900 Mil.

Sungrow Power Supply 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*2626.092/-83.92
=31.29

* 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.

Sungrow Power Supply Co (SZSE:300274) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sungrow Power Supply Co Ltd (SZSE:300274) » Definitions » Interest Expense
Comparable Companies
SZSE:300014 SHSE:603195 SZSE:300124 SHSE:600089 SHSE:600522 SHSE:601877 SZSE:002074 SZSE:002028 SHSE:688777 SHSE:600885 SZSE:300750 XSWX:ABBN BKK:DELTA TSE:6503 XPAR:LR XKRX:247540 HUBB VRT MIL:PRY BOM:517354
Traded in Other Exchanges
N/A
Address
No.1699 Xiyou Raod, High-tech Industry Development Zone, Anhui Province, Hefei, CHN, 230088
Website
http://www.sungrowpower.com
China-based Sungrow manufactures and sells power supply equipment for the new energy industry. It offers a wide range of products, including solar inverters, energy storage systems, wind power converters, electric vehicle drives, among others. It is one of the largest suppliers of solar inverters and energy storage systems globally. It is also one of the largest new energy project developers in the world. Solar inverters, energy storage systems, and new energy investment and development each accounted for 39%, 25%, and 29% of revenue in 2022, respectively.

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