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Meisheng Cultural and Creative (SZSE:002699) Interest Expense : ¥-12.9 Mil (TTM As of Mar. 2024)


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What is Meisheng Cultural and Creative Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Meisheng Cultural and Creative's interest expense for the three months ended in Mar. 2024 was ¥ -3.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-12.9 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. Meisheng Cultural and Creative's Operating Income for the three months ended in Mar. 2024 was ¥ -16.6 Mil. Meisheng Cultural and Creative's Interest Expense for the three months ended in Mar. 2024 was ¥ -3.3 Mil. Meisheng Cultural and Creative did not have earnings to cover the interest expense. 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.

Meisheng Cultural and Creative Interest Expense Historical Data

The historical data trend for Meisheng Cultural and Creative'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.

Meisheng Cultural and Creative Interest Expense Chart

Meisheng Cultural and Creative 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 -24.94 -15.46 -12.97 -14.97 -12.15

Meisheng Cultural and Creative 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 -2.52 -4.94 0.12 -4.81 -3.25

Meisheng Cultural and Creative 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 ¥-12.9 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.

Meisheng Cultural and Creative  (SZSE:002699) 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.

Meisheng Cultural and Creative's Interest Expense for the three months ended in Mar. 2024 was ¥-3.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-16.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥29.8 Mil.

Meisheng Cultural and Creative's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Meisheng Cultural and Creative did not have earnings to cover the interest expense.

* 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.

Meisheng Cultural and Creative (SZSE:002699) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Meisheng Cultural and Creative Corp Ltd (SZSE:002699) » Definitions » Interest Expense
Comparable Companies
SZSE:000691 SHSE:600250 SHSE:600082 SZSE:000571 SHSE:600321 SZSE:000677 SZSE:000620 SHSE:600805 SZSE:000551 SHSE:600624 ADX:IHC HON TSE:8058 TSE:6501 TSE:8031 TSE:8001 MMM ADX:ALPHADHABI HKSE:00267 TSE:8002
Traded in Other Exchanges
N/A
Address
Xinchang Provincial High-tech Park, Zhejiang Province, Shaoxing, CHN, 312500
Website
http://www.chinarising.com.cn
Meisheng Cultural and Creative Corp Ltd is a China-based company principally engaged in culture industry related businesses. The company's products mainly include Intellectual Property (IP) derivatives, traditional derivatives, animation, games, films and television and other cultural industry products.
Executives
Zhang Yan Executives
Pan Jing Executives
Shu Min Independent director
Zhu Lin Fang Executives
Xiong Xu Feng Executives
Yuan Xian Miao Directors, executives
Chen Wen Independent director

Meisheng Cultural and Creative (SZSE:002699) Headlines

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