Rubber Leaf (Rubber Leaf) Interest Expense : $-0.32 Mil (TTM As of Mar. 2024)

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What is Rubber Leaf Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rubber Leaf's interest expense for the three months ended in Mar. 2024 was $ -0.12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.32 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. Rubber Leaf's Operating Income for the three months ended in Mar. 2024 was $ -0.60 Mil. Rubber Leaf's Interest Expense for the three months ended in Mar. 2024 was $ -0.12 Mil. Rubber Leaf 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.

Rubber Leaf Interest Expense Historical Data

The historical data trend for Rubber Leaf'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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Rubber Leaf Interest Expense Chart

Rubber Leaf Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.18

-0.19

-0.24

Rubber Leaf Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial						-0.04	-0.07	-0.06	-0.08	-0.12

Rubber Leaf 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 $-0.32 Mil.

Rubber Leaf (OTCPK:RLEA) 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.

Rubber Leaf's Interest Expense for the three months ended in Mar. 2024 was $-0.12 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-0.60 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.00 Mil.

Rubber Leaf's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Rubber Leaf did not have earnings to cover the interest expense.

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

Rubber Leaf (Rubber Leaf) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rubber Leaf Inc (OTCPK:RLEA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qixing Road, Weng’ao Industrial Zone, Chunhu Subdistrict, Fenghua District Ningbo, Zhejiang, CHN

Website

http://www.rubberleaf.com.cn

Rubber Leaf Inc engages in the production and sales of synthetic rubber, rubber compound, car window seals, and auto parts. It derives revenue primarily through the sale of synthetic rubber, rubber compound, car window seals, and auto parts with two sales channels. The company managed and reviewed its business as two operating segments: direct supply and indirect supply models.

Executives

Hua Wang	director, officer: CFO	318 N. CARSON STREET, STE. 208, CARSON CITY NV 89701
Xingxiu Hua	director, 10 percent owner, officer: President	318 N. CARSON STREET, STE. 208, CARSON CITY NV 89701
Yongjun Hua	director	318 N. CARSON STREET, STE. 208, CARSON CITY NV 89701

Rubber Leaf (Rubber Leaf) Headlines

From GuruFocus

Insider Sell: President, 10% Owner Xingxiu Hua Sells 22,741 Shares of Rubber Leaf Inc (RLEA)

By GuruFocus Research • 09-09-2023