IEIT Systems Co (SZSE:000977) Interest Expense : ¥-96 Mil (TTM As of Mar. 2024)

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What is IEIT Systems Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IEIT Systems Co's interest expense for the three months ended in Mar. 2024 was ¥ -91 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-96 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. IEIT Systems Co's Operating Income for the three months ended in Mar. 2024 was ¥ 486 Mil. IEIT Systems Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -91 Mil. IEIT Systems Co's Interest Coverage for the quarter that ended in Mar. 2024 was 5.34. 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.

IEIT Systems Co Interest Expense Historical Data

The historical data trend for IEIT Systems 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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IEIT Systems Co Interest Expense Chart

IEIT Systems Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-179.62

-156.35

-239.06

-359.73

-83.36

IEIT Systems 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															-78.59	106.09	-123.07	12.21	-90.97

IEIT Systems 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 ¥-96 Mil.

IEIT Systems Co (SZSE:000977) 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.

IEIT Systems Co's Interest Expense for the three months ended in Mar. 2024 was ¥-91 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥486 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥7,807 Mil.

IEIT Systems 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	*	485.875	/	-90.971
	=	5.34

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

IEIT Systems Co (SZSE:000977) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » IEIT Systems Co Ltd (SZSE:000977) » Definitions » Interest Expense

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Address

1036 Langchao Road, Shandong Province, Jinan, CHN, 250101

Website

http://www.inspur.com

IEIT Systems Co Ltd formerly Inspur Electronic Information Industry Co Ltd is a China-based cloud computing, big data service provider. It is engaged in providing cloud computing solutions and services at IaaS, PaaS and SaaS levels. Its products include rack servers, blade systems, mission-critical systems, storage devices, mainframe security products and others. The company assists customers to build platforms underpinned by cloud computing infrastructure and based on its information software for governments, enterprises, and industries, terminal products, and solutions, the company support governments, enterprises, and industries in cloud construction. The company ships its IT products and services internationally.

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