Shandong Molong Petroleum Machinery Co (HKSE:00568) Interest Expense : HK$-123.1 Mil (TTM As of Dec. 2023)

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What is Shandong Molong Petroleum Machinery Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shandong Molong Petroleum Machinery Co's interest expense for the three months ended in Dec. 2023 was HK$ -44.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-123.1 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. Shandong Molong Petroleum Machinery Co's Operating Income for the three months ended in Dec. 2023 was HK$ -36.2 Mil. Shandong Molong Petroleum Machinery Co's Interest Expense for the three months ended in Dec. 2023 was HK$ -44.7 Mil. Shandong Molong Petroleum Machinery Co 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.

Shandong Molong Petroleum Machinery Co Interest Expense Historical Data

The historical data trend for Shandong Molong Petroleum Machinery 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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Shandong Molong Petroleum Machinery Co Interest Expense Chart

Shandong Molong Petroleum Machinery Co Annual Data

Trend

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Dec23

Interest Expense

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-177.09

-162.85

-139.96

-131.64

-129.85

Shandong Molong Petroleum Machinery Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-30.19	-22.89	-32.67	-44.66	-22.84

Shandong Molong Petroleum Machinery 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-123.1 Mil.

Shandong Molong Petroleum Machinery Co (HKSE:00568) 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.

Shandong Molong Petroleum Machinery Co's Interest Expense for the three months ended in Dec. 2023 was HK$-44.7 Mil. Its Operating Income for the three months ended in Dec. 2023 was HK$-36.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was HK$16.0 Mil.

Shandong Molong Petroleum Machinery Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Shandong Molong Petroleum Machinery Co did not have earnings to cover the interest expense.

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

Shandong Molong Petroleum Machinery Co (HKSE:00568) Business Description

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SHANY:USA SHANF:USA 002490:China

Address

No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700

Website

http://www.molonggroup.com

Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.

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