GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Longsys Electronics Co Ltd (SZSE:301308) » Definitions » Interest Expense

Shenzhen Longsys Electronics Co (SZSE:301308) Interest Expense : ¥-127 Mil (TTM As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Shenzhen Longsys Electronics Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shenzhen Longsys Electronics Co's interest expense for the three months ended in Mar. 2024 was ¥ -54 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-127 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 Longsys Electronics Co's Operating Income for the three months ended in Mar. 2024 was ¥ 573 Mil. Shenzhen Longsys Electronics Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -54 Mil. Shenzhen Longsys Electronics Co's Interest Coverage for the quarter that ended in Mar. 2024 was 10.55. 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 Longsys Electronics Co Interest Expense Historical Data

The historical data trend for Shenzhen Longsys Electronics 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.

Shenzhen Longsys Electronics Co Interest Expense Chart

Shenzhen Longsys Electronics Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -81.10 -60.96 -23.94 -30.36 -82.15

Shenzhen Longsys Electronics Co Quarterly Data
Dec18 Dec19 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 -9.05 -15.65 -21.06 -36.39 -54.28

Shenzhen Longsys Electronics 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 ¥-127 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.

Shenzhen Longsys Electronics Co  (SZSE:301308) 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.

Shenzhen Longsys Electronics Co's Interest Expense for the three months ended in Mar. 2024 was ¥-54 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥573 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥2,211 Mil.

Shenzhen Longsys Electronics 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*572.678/-54.284
=10.55

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Shenzhen Longsys Electronics Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Shenzhen Longsys Electronics Co (SZSE:301308) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Longsys Electronics Co Ltd (SZSE:301308) » Definitions » Interest Expense
Comparable Companies
SZSE:000977 SZSE:300223 SZSE:002180 SZSE:000066 SHSE:603019 SHSE:600100 SZSE:000021 SHSE:600601 SZSE:002635 SHSE:600734 ANET DELL SZSE:002415 HPQ TSE:7751 TPE:2382 SHSE:688041 NTAP STX HKSE:00992
Traded in Other Exchanges
N/A
Address
No.8 Kefa Road, A, B, C, D, E, F1, 8th Floor, Building 1, Financial Services Technology Innovation Base, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057
Website
https://www.longsys.com
Shenzhen Longsys Electronics Co Ltd is a technology-based storage product manufacturer dedicated to memory chip architecture and application. The company has five product lines: embedded storage, industrial storage, mobile storage, SSD storage, and memory module. It provides systematic solutions for personal data and industrial software and hardware storage products.
Executives
Cai Hua Bo Directors, executives
Wang Jing Yang Directors, executives
Zhu Yu Directors, executives

Shenzhen Longsys Electronics Co (SZSE:301308) Headlines

No Headlines