Inner Mongolia Chevalese Dairy Group Co (BJSE:832786) Interest Expense : ¥-49 Mil (TTM As of Mar. 2024)

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What is Inner Mongolia Chevalese Dairy Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Inner Mongolia Chevalese Dairy Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-49 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. Inner Mongolia Chevalese Dairy Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 52 Mil. Inner Mongolia Chevalese Dairy Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -11 Mil. Inner Mongolia Chevalese Dairy Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 4.58. 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.

Inner Mongolia Chevalese Dairy Group Co Interest Expense Historical Data

The historical data trend for Inner Mongolia Chevalese Dairy Group 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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Inner Mongolia Chevalese Dairy Group Co Interest Expense Chart

Inner Mongolia Chevalese Dairy Group Co Annual Data

Trend

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Dec23

Interest Expense

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-17.80

-24.60

-49.90

-44.53

-48.94

Inner Mongolia Chevalese Dairy Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-10.98	-11.47	-5.85	-20.64	-11.35

Inner Mongolia Chevalese Dairy Group 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 ¥-49 Mil.

Inner Mongolia Chevalese Dairy Group Co (BJSE:832786) 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.

Inner Mongolia Chevalese Dairy Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-11 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 ¥228 Mil.

Inner Mongolia Chevalese Dairy Group 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	*	52.002	/	-11.352
	=	4.58

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

Inner Mongolia Chevalese Dairy Group Co (BJSE:832786) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Inner Mongolia Chevalese Dairy Group Co Ltd (BJSE:832786) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 1 Jianhua South Road, Floor 22, Building B, Building 2, Tianfu Plaza, Jiuyuan, Inner Mongolia Autonomous Region, Baotou, CHN, 014060

Website

http://www.qishiruye.com

Inner Mongolia Chevalese Dairy Group Co Ltd is engaged in corn and sugar beet cultivation, intensive dairy farming and organic raw milk supply and marketing, production and sales of dairy products and milk-containing beverages, and production and sales of white sugar and its by-products.

Inner Mongolia Chevalese Dairy Group Co (BJSE:832786) Headlines

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