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GKHT Medical Technology Co (SZSE:301370) Interest Expense : ¥-78 Mil (TTM As of Mar. 2024)


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What is GKHT Medical Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GKHT Medical Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-78 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. GKHT Medical Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 52 Mil. GKHT Medical Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -18 Mil. GKHT Medical Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.92. 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.

GKHT Medical Technology Co Interest Expense Historical Data

The historical data trend for GKHT Medical 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.

GKHT Medical Technology Co Interest Expense Chart

GKHT Medical 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 -93.87 -119.14 -128.96 -119.32 -88.18

GKHT Medical Technology Co Quarterly Data
Dec17 Dec18 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 -28.09 -25.17 -20.17 -14.74 -17.89

GKHT Medical 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 ¥-78 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.

GKHT Medical Technology Co  (SZSE:301370) 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.

GKHT Medical Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-18 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥52 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥155 Mil.

GKHT Medical 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*52.314/-17.892
=2.92

* 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.

GKHT Medical Technology Co (SZSE:301370) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » GKHT Medical Technology Co Ltd (SZSE:301370) » Definitions » Interest Expense
Comparable Companies
SHSE:688626 SZSE:301087 SHSE:601089 SZSE:300869 SHSE:688298 SHSE:688212 SHSE:688389 SHSE:688581 SZSE:300143 SZSE:300206 ABT SYK MDT BSX SZSE:300760 EW DXCM ZBH STE XAMS:PHIA
Traded in Other Exchanges
N/A
Address
No. 25, Jinghai 4th Road, Room 501C, 5th Floor, Building 6, Economic and Technological Development Zone, Beijing, CHN, 100176
Website
http://www.gkht.com
GKHT Medical Technology Co Ltd is engaged in the distribution and direct sales of medical devices, providing professional services such as warehousing logistics distribution, distribution channel management, distribution process information management, and hospital SPD operation management.

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