State Power Rixin Technology Co (SZSE:301162) Interest Expense : ¥-1.3 Mil (TTM As of Mar. 2024)

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What is State Power Rixin Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. State Power Rixin Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-1.3 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. State Power Rixin Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 10.2 Mil. State Power Rixin Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.4 Mil. State Power Rixin Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 26.79. 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.

State Power Rixin Technology Co Interest Expense Historical Data

The historical data trend for State Power Rixin 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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State Power Rixin Technology Co Interest Expense Chart

State Power Rixin Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.16

0.23

-0.43

-0.33

-1.02

State Power Rixin Technology Co Quarterly Data
	Dec17	Dec18	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															-0.06	-0.13	-0.36	-0.47	-0.38

State Power Rixin 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 ¥-1.3 Mil.

State Power Rixin Technology Co (SZSE:301162) 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.

State Power Rixin Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥10.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥26.1 Mil.

State Power Rixin 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	*	10.152	/	-0.379
	=	26.79

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. State Power Rixin Technology Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

State Power Rixin Technology Co (SZSE:301162) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » State Power Rixin Technology Co Ltd (SZSE:301162) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 227, 2nd Floor, Building 1, Xisanqi Building Materials, Haidian District, Beijing, CHN, 100096

Website

https://www.sprixin.com

State Power Rixin Technology Co Ltd manufactures and distributes electrical power equipment. The Company produces power generation forecast products, new energy grid connected intelligent control systems, new energy power station intelligent operation systems, power grid new energy management systems, and others. State Power Rixin Technology also operates import and export businesses.

Executives

Ding Jiang Wei	Director
Yong Zheng	Directors, executives
Zhao Nan	Secretary Dong
Xiang Jie	Director
Wang Cai Yun	Directors, executives
Zhou Yong	Directors, executives
Qi Yan Qiao	Supervisors

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