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Shanghai Baosight Software Co (SHSE:600845) Interest Expense : ¥-31 Mil (TTM As of Mar. 2024)


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What is Shanghai Baosight Software Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Baosight Software Co's interest expense for the three months ended in Mar. 2024 was ¥ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-31 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. Shanghai Baosight Software Co's Operating Income for the three months ended in Mar. 2024 was ¥ 640 Mil. Shanghai Baosight Software Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -8 Mil. Shanghai Baosight Software Co's Interest Coverage for the quarter that ended in Mar. 2024 was 79.31. 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.

Shanghai Baosight Software Co Interest Expense Historical Data

The historical data trend for Shanghai Baosight Software 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.

Shanghai Baosight Software Co Interest Expense Chart

Shanghai Baosight Software 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 -5.12 -1.35 -12.01 -17.72 -27.15

Shanghai Baosight Software 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 -4.07 -6.97 -8.19 -7.93 -8.07

Shanghai Baosight Software 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 ¥-31 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.

Shanghai Baosight Software Co  (SHSE:600845) 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.

Shanghai Baosight Software Co's Interest Expense for the three months ended in Mar. 2024 was ¥-8 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥640 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥817 Mil.

Shanghai Baosight Software 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*640.167/-8.072
=79.31

* 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.

Good Sign:

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

Shanghai Baosight Software Co (SHSE:600845) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Shanghai Baosight Software Co Ltd (SHSE:600845) » Definitions » Interest Expense
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SZSE:002230 SZSE:300033 SZSE:301269 SHSE:600570 SHSE:600588 SHSE:688111 SHSE:603160 SHSE:600536 SZSE:300496 SZSE:002410 CRM XTER:SAP INTU NOW UBER CDNS SHOP TSX:CSU WDAY ROP
Traded in Other Exchanges
900926:China
Address
No. 515 Guoshoujing Road, Zhangjiang New and High-Technology Park, Pudong, Shanghai, CHN, 201203
Website
http://www.baosight.com
Shanghai Baosight Software Co Ltd is the IT software business unit of Baosteel. It offers products and services in sectors such as the iron and steel, transportation, service outsourcing, mining and extracting, nonferrous, and petrochemical industries. its product includes Metallurgical Industry Information System Architecture Integrating Intelligent, Robots, unmanned and other intelligent equipment, highly automated control software and systems, and agile, flexible, intelligent MOM solution.
Executives
Song Jian Hai senior management
Xia Xue Song Director
Chen Jian senior management
Liang Yue Yong senior management
Wang Jian Hu Directors, senior managers
Song Shi Wei senior management
Lv Zi Nan senior management
Zhou Jian Ping senior management
Hu Guo Fen senior management
Zhu Xiang Kai Director
Huang Min Qin Director
Feng Wei Min Supervisors
Zhang Shuo Gong Director
Chen Jian Dong Mi senior management
Chen Jian Fu Zong senior management

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