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Sutor Technology Group Ltd (NAS:SUTR)
Interest Expense
\$-11.2 Mil (TTM As of Dec. 2014)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sutor Technology Group Ltd's interest expense for the three months ended in Dec. 2014 was \$-2.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2014 was \$-11.2 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. Sutor Technology Group Ltd's Operating Income for the three months ended in Dec. 2014 was \$2.6 Mil. Sutor Technology Group Ltd's Interest Expense for the three months ended in Dec. 2014 was \$-2.4 Mil. Sutor Technology Group Ltd's interest coverage for the quarter that ended in Dec. 2014 was 1.08. The higher the ratio, the stronger the companys financial strength is.

Definition

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Sutor Technology Group Ltd Interest Expense for the trailing twelve months (TTM) ended in Dec. 2014 was -1.999 (Mar. 2014 ) + -3.737 (Jun. 2014 ) + -2.978 (Sep. 2014 ) + -2.438 (Dec. 2014 ) = \$-11.2 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

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.

Sutor Technology Group Ltd's interest expense for the three months ended in Dec. 2014 was \$-2.4 Mil. Its operating income for the three months ended in Dec. 2014 was \$2.6 Mil. And its Long-Term Debt for the three months ended in Dec. 2014 was \$11.0 Mil.

Sutor Technology Group Ltd's Interest Coverage for the quarter that ended in Dec. 2014 is calculated as

 Interest Coverage = -1 * Operating Income (Q: Dec. 2014 ) / Interest Expense (Q: Dec. 2014 ) = -1 * 2.628 / -2.438 = 1.08

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

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

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Sutor Technology Group Ltd Annual Data

 Dec05 Dec06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Interest Expense 0.0 0.0 -2.3 -6.3 -6.1 -5.8 -8.0 -13.3 -10.2 -10.1

Sutor Technology Group Ltd Quarterly Data

 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Interest Expense -3.5 -2.3 -2.6 -1.8 -1.8 -2.6 -2.0 -3.7 -3.0 -2.4
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