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Shanghai Laimu Electronics Co (SHSE:603633) Interest Expense : ¥-27 Mil (TTM As of Mar. 2024)


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What is Shanghai Laimu Electronics Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Laimu Electronics Co's interest expense for the three months ended in Mar. 2024 was ¥ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-27 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 Laimu Electronics Co's Operating Income for the three months ended in Mar. 2024 was ¥ 34 Mil. Shanghai Laimu Electronics Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -7 Mil. Shanghai Laimu Electronics Co's Interest Coverage for the quarter that ended in Mar. 2024 was 4.96. 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 Laimu Electronics Co Interest Expense Historical Data

The historical data trend for Shanghai Laimu 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.

Shanghai Laimu Electronics Co Interest Expense Chart

Shanghai Laimu Electronics 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 -2.25 -22.91 -3.42 -26.67 -29.66

Shanghai Laimu Electronics 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 -6.38 -5.32 -8.33 -6.15 -6.79

Shanghai Laimu 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 ¥-27 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 Laimu Electronics Co  (SHSE:603633) 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 Laimu Electronics Co's Interest Expense for the three months ended in Mar. 2024 was ¥-7 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥277 Mil.

Shanghai Laimu 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*33.667/-6.788
=4.96

* 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.

Shanghai Laimu Electronics Co (SHSE:603633) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanghai Laimu Electronics Co Ltd (SHSE:603633) » Definitions » Interest Expense
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SHSE:603068 SZSE:001298 SZSE:300249 SHSE:688661 SZSE:300403 SZSE:300739 SZSE:301362 SZSE:003028 SHSE:688079 SZSE:301099 APH TPE:2317 TEL SZSE:002475 TSE:6981 TPE:2308 GLW XKRX:006400 SZSE:000725 JBL
Traded in Other Exchanges
N/A
Address
No.7319 Spring Road, Minhang District, Shanghai, CHN
Website
http://en.laimu.com.cn
Shanghai Laimu Electronics Co Ltd is specialized in the development, production and sales of precision electronic components based on connectors and shields. Its products include automotive electronics, including injection and stamping parts, connectors, injection inserts, and wire harnesses; and mobile electronics, such as T-cards, battery holders, and camera modules, as well as components for SIMs and USBs. Its products are mainly applied to the fields of automobile and mobile phone.
Executives
Zhu Xin Ai Directors, senior managers
Fang Pei Xi Directors, senior managers
Yang Xiao Kang Director
Zhu Xiao Hai Directors, senior managers
Liu Jing Directors, senior managers
Shen Jian Qiang Supervisors
Fang Pei Jiao Director

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