IT Tech Packaging (IT Tech Packaging) Interest Expense : $-0.99 Mil (TTM As of Dec. 2023)

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What is IT Tech Packaging Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IT Tech Packaging's interest expense for the three months ended in Dec. 2023 was $ -0.22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.99 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. IT Tech Packaging's Operating Income for the three months ended in Dec. 2023 was $ -2.67 Mil. IT Tech Packaging's Interest Expense for the three months ended in Dec. 2023 was $ -0.22 Mil. IT Tech Packaging 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.

IT Tech Packaging Interest Expense Historical Data

The historical data trend for IT Tech Packaging'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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IT Tech Packaging Interest Expense Chart

IT Tech Packaging Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.93

-1.03

-1.13

-1.03

-0.99

IT Tech Packaging Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.24	-0.25	-0.27	-0.25	-0.22

IT Tech Packaging 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.99 Mil.

IT Tech Packaging (AMEX:ITP) 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.

IT Tech Packaging's Interest Expense for the three months ended in Dec. 2023 was $-0.22 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-2.67 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $4.99 Mil.

IT Tech Packaging's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

IT Tech Packaging did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

IT Tech Packaging (IT Tech Packaging) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » IT Tech Packaging Inc (AMEX:ITP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Science Park, Juli Road, Xushui District, Hebei Province, Baoding City, CHN, 072550

Website

https://www.itpackaging.cn

IT Tech Packaging Inc is a holding company engaged in the business of paper manufacturing in China. The company operates as a producer and distributor of paper products. It involves in production and distribution of three categories of paper products: packing paper (corrugating medium paper), offset printing paper, and tissue paper products. It also produces digital photo paper. Its business is structured into two segments Dongfang Paper and Tengsheng Paper which produces offset printing paper and corrugating medium paper, tissue paper and Baoding Shengde which produces face masks and digital photo paper.

Executives

Zhenyong Liu	director, 10 percent owner, officer: Chief Executive Officer	C/O ORIENT PAPER, INC., SCIENCE PARK, JULI ROAD, XIUSHUI COUNTY, BAODING CITY,HEBEI PROVINCE F4 072550
Jing Hao	officer: Chief Financial Officer	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI PROVINCE F4 072550
Hon Wai Ku	director	SUITE 815, 8TH FLOOR, OCEAN CENTRE, HARBOUR CITY, 5 CANTON ROAD, KOWLOON,, HONG KONG F4 0000
Wenbing Wang	director	21ST FLOOR, BUILDING B, JIA MING CENTER, NO. 27 DONG SAN HUAN NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100020
Winston C Yen	officer: Chief Financial Officer	345 S. FIGUEROA STREET, #100, LOS ANGELES CA 90071
Drew Bernstein	director	C/O BERSTEIN & PINCHUK LLP, SEVEN PENN PLAZA SUITE 830, NEW YORK NY 10001
Zhaofang Wang	director	ROOM 401, UNIT 4, 20TH FLOOR FANGYUANLI, CHAOYANG DISTRICT, BEIJING F4 100061
Fuzeng Liu	director	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Xiaodong Liu	director	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Chen Li	director	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Dahong Zhou	officer: Secretary	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Max Time Enterprise Ltd	10 percent owner	PO BOX 031-088, SHENNAN ZHONG ROAD, SHENZHEN CITY F4 518031
Hui Ping Cheng	director, 10 percent owner, officer: President	C/O MY QUOTE ZONE, 6130 ELTON AVENUE, LAS VEGAS NV 89107