Shanghai Ruking Technologies Co (SZSE:301525) Interest Expense : ¥-3 Mil (TTM As of Mar. 2024)

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What is Shanghai Ruking Technologies Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Ruking Technologies Co's interest expense for the three months ended in Mar. 2024 was ¥ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-3 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. Shanghai Ruking Technologies Co's Operating Income for the three months ended in Mar. 2024 was ¥ 35 Mil. Shanghai Ruking Technologies Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0 Mil. Shanghai Ruking Technologies Co's Interest Coverage for the quarter that ended in Mar. 2024 was 83.33. 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.

Shanghai Ruking Technologies Co Interest Expense Historical Data

The historical data trend for Shanghai Ruking Technologies 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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Shanghai Ruking Technologies Co Interest Expense Chart

Shanghai Ruking Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.48

-1.13

-22.04

-8.83

-3.69

Shanghai Ruking Technologies Co Quarterly Data
	Dec18	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial								-1.17	-1.10	-1.04	-0.38	-0.42

Shanghai Ruking Technologies 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 ¥-3 Mil.

Shanghai Ruking Technologies Co (SZSE:301525) 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.

Shanghai Ruking Technologies Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥35 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥21 Mil.

Shanghai Ruking Technologies 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	*	35	/	-0.42
	=	83.33

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. Shanghai Ruking Technologies Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Shanghai Ruking Technologies Co (SZSE:301525) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Ruking Technologies Co Ltd (SZSE:301525) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Lane 1688, Guoquan North Road, Room 1204A, No. 75, Yangpu, Shanghai, CHN, 200438

Website

http://www.ruking.com

Shanghai Ruking Technologies Co Ltd is engaged in research & development, production and sales of comprehensive products in the field of power electronics and motor control. The main products include heating, ventilation, air conditioning and refrigeration equipment (HVAC/R) Variable frequency drives and system controllers, variable frequency drives and controllers in the field of thermal management systems for new energy vehicles, servo drives and servo motors in the field of industrial servo drives and control systems.

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