GRG Banking Equipment Co (SZSE:002152) Interest Expense : ¥-22 Mil (TTM As of Mar. 2024)

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What is GRG Banking Equipment Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GRG Banking Equipment Co's interest expense for the three months ended in Mar. 2024 was ¥ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-22 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. GRG Banking Equipment Co's Operating Income for the three months ended in Mar. 2024 was ¥ 248 Mil. GRG Banking Equipment Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -6 Mil. GRG Banking Equipment Co's Interest Coverage for the quarter that ended in Mar. 2024 was 42.63. 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.

GRG Banking Equipment Co Interest Expense Historical Data

The historical data trend for GRG Banking Equipment 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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GRG Banking Equipment Co Interest Expense Chart

GRG Banking Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3.75

-10.02

-13.46

-21.29

-19.72

GRG Banking Equipment 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															-3.51	-3.99	-4.09	-8.13	-5.81

GRG Banking Equipment 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 ¥-22 Mil.

GRG Banking Equipment Co (SZSE:002152) 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.

GRG Banking Equipment Co's Interest Expense for the three months ended in Mar. 2024 was ¥-6 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥248 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥344 Mil.

GRG Banking Equipment 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	*	247.633	/	-5.809
	=	42.63

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. GRG Banking Equipment Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

GRG Banking Equipment Co (SZSE:002152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GRG Banking Equipment Co Ltd (SZSE:002152) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 911, Colin Road, Science City, Hi-Tech Industrial Development Zone, Guangdong Province, Guangzhou, CHN, 510663

Website

http://www.grgbanking.com

GRG Banking Equipment Co Ltd is engaged in the development and manufacturing of automated teller machines. Its business covers many more areas, such as smart transportation solution, public security with AI technologies like biometrics identification, image, and video analysis, and big data. Its products and services consist of a financial self-service solution such as retail solution and branch automation, cash sorting machine, OEM module, and terminal equipment.

Executives

Zhong Yong	Secretary Dong
Ye Zi Yu	Directors, executives
Kuang Jian Zhou	Supervisors
Jiang Chun Chen	Executives
Feng Feng Sui	Supervisors
Li Ye Dong	Executives
Chen Zhen Guang	Executives
Zhu Li Xin	Supervisors
Xiao Xun Yong	Director
Chen Jian Liang	Executives
Zhao You Yong	Director
Yang Hai Zhou	Director
Zhou Jian Kang	Supervisors
Ceng Wen	Executives
Wang Jun	Director

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