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Offcn Education Technology Co (SZSE:002607) Interest Expense : ¥-90 Mil (TTM As of Mar. 2024)


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What is Offcn Education Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Offcn Education Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-90 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. Offcn Education Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 138 Mil. Offcn Education Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -27 Mil. Offcn Education Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 5.09. 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.

Offcn Education Technology Co Interest Expense Historical Data

The historical data trend for Offcn Education Technology 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.

Offcn Education Technology Co Interest Expense Chart

Offcn Education Technology 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 -107.85 -172.12 -274.73 -82.90 -38.23

Offcn Education Technology 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 -25.14 -43.22 0.55 -19.78 -27.17

Offcn Education Technology 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 ¥-90 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.

Offcn Education Technology Co  (SZSE:002607) 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.

Offcn Education Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-27 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥138 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥1,217 Mil.

Offcn Education Technology 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*138.403/-27.171
=5.09

* 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. Offcn Education Technology Co Ltd interest coverage is 2.97, which is low.

Offcn Education Technology Co (SZSE:002607) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Offcn Education Technology Co Ltd (SZSE:002607) » Definitions » Interest Expense
Comparable Companies
SZSE:300559 SZSE:003032 SZSE:000526 SHSE:605098 SZSE:300654 SHSE:603377 SZSE:300359 SZSE:300864 SHSE:600730 SHSE:600661 AIU EDU TAL HKSE:01797 ASX:IEL LOPE GHC COUR LRN LAUR
Traded in Other Exchanges
N/A
Address
No.23 Xueqing Road, Block B, Hanhua Century Building, Haidian District, Beijing, CHN, 100089
Website
https://www.offcn.com
Offcn Education Technology Co Ltd is China's multi-category vocational education institution and civil servant entrance examination training company. The company serves the younger demographic including college students and university graduates throughout mainland China.
Executives
Wang Zhen Dong Directors, executives
Yu Hong Wei Supervisors
He You Li Executives
Yang Qing Mei Director
Zhou Xia Yun Director
Cao Ying Hong Supervisors
Xiao Mei Rong Directors, executives
Wang Jie Ning Director
Ye Zheng Gui Supervisors
Zou Ze Qing Executives
Li Lin Secretary Dong
Fang Cheng Executives
Wang Hai Feng Securities Affairs Representative

Offcn Education Technology Co (SZSE:002607) Headlines

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