Shenzhen Senior Technology Material Co (SZSE:300568) Interest Expense : ¥-104 Mil (TTM As of Mar. 2024)

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What is Shenzhen Senior Technology Material Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shenzhen Senior Technology Material Co's interest expense for the three months ended in Mar. 2024 was ¥ -22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-104 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. Shenzhen Senior Technology Material Co's Operating Income for the three months ended in Mar. 2024 was ¥ 134 Mil. Shenzhen Senior Technology Material Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -22 Mil. Shenzhen Senior Technology Material Co's Interest Coverage for the quarter that ended in Mar. 2024 was 6.14. 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.

Shenzhen Senior Technology Material Co Interest Expense Historical Data

The historical data trend for Shenzhen Senior Technology Material 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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Shenzhen Senior Technology Material Co Interest Expense Chart

Shenzhen Senior Technology Material Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-33.27

-28.75

-85.62

-66.37

-96.61

Shenzhen Senior Technology Material 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															-13.98	-29.20	-5.65	-47.78	-21.79

Shenzhen Senior Technology Material 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 ¥-104 Mil.

Shenzhen Senior Technology Material Co (SZSE:300568) 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.

Shenzhen Senior Technology Material Co's Interest Expense for the three months ended in Mar. 2024 was ¥-22 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥134 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥3,881 Mil.

Shenzhen Senior Technology Material 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	*	133.835	/	-21.79
	=	6.14

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

Shenzhen Senior Technology Material Co (SZSE:300568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen Senior Technology Material Co Ltd (SZSE:300568) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

North of the Garden Road, Gongming Office, Guangming New District, Guangdong Province, Shenzhen, CHN, 518078

Website

http://www.senior798.com

Shenzhen Senior Technology Material Co Ltd is operating in the lithium battery separator industry. The company is mainly focused on the research, development, production, sales and service of lithium battery separators. The company's product portfolio includes SQ's high strength dry process, SW's wet process, SH's ceramic coating Products and SJ's polymer coating. Its products are widely used in new energy vehicles, digital products, energy storage power stations, aerospace, electric tools and other fields.

Executives

Chen Xiu Feng	Directors, executives
Wang Chang Hong	Directors, executives
Chen Liang	Directors, executives
Han Xue Song	Director
Zhang Sheng	Executives

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