Nine Dragons Paper (Holdings) (FRA:N3Y) Interest Expense : €-154 Mil (TTM As of Dec. 2023)

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What is Nine Dragons Paper (Holdings) Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nine Dragons Paper (Holdings)'s interest expense for the six months ended in Dec. 2023 was € -83 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-154 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. Nine Dragons Paper (Holdings)'s Operating Income for the six months ended in Dec. 2023 was € 168 Mil. Nine Dragons Paper (Holdings)'s Interest Expense for the six months ended in Dec. 2023 was € -83 Mil. Nine Dragons Paper (Holdings)'s Interest Coverage for the quarter that ended in Dec. 2023 was 2.02. 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.

Nine Dragons Paper (Holdings) Interest Expense Historical Data

The historical data trend for Nine Dragons Paper (Holdings)'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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Nine Dragons Paper (Holdings) Interest Expense Chart

Nine Dragons Paper (Holdings) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-115.00

-87.24

-79.82

-108.54

-143.93

Nine Dragons Paper (Holdings) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-50.35	-57.35	-77.02	-70.62	-82.92

Nine Dragons Paper (Holdings) 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 semi-annually data reported by the company within the most recent 12 months, which was €-154 Mil.

Nine Dragons Paper (Holdings) (FRA:N3Y) 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.

Nine Dragons Paper (Holdings)'s Interest Expense for the six months ended in Dec. 2023 was €-83 Mil. Its Operating Income for the six months ended in Dec. 2023 was €168 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €6,275 Mil.

Nine Dragons Paper (Holdings)'s Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	167.514	/	-82.923
	=	2.02

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

Nine Dragons Paper (Holdings) (FRA:N3Y) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Nine Dragons Paper (Holdings) Ltd (FRA:N3Y) » Definitions » Interest Expense

Traded in Other Exchanges

NDGPY:USA NDGPF:USA 02689:Hong Kong

Address

No.12, Xincheng Road, Songshan Lake High-Tech Industrial Development Zone, Guangdong Province, Dongguan, CHN

Website

http://www.ndpaper.com

Nine Dragons Paper (Holdings) Ltd operates as a paper products manufacturer. The company predominantly produces liner board, corrugating medium, and coated duplex boards. In addition to packaging paperboard, the Group is also engaged in the production of printing and writing a paper in Dongguan and Taicang and the development of packaging paperboard and specialty paper production in Leshan, Sichuan Province. Substantial part of the company's revenues are generated from the sale of packaging paper and the rest from sales of printing and writing paper, high-value specialty paper products, and Pulp.

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