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Sinoma International Engineering Co (SHSE:600970) Interest Expense : ¥-293 Mil (TTM As of Mar. 2024)


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What is Sinoma International Engineering Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sinoma International Engineering Co's interest expense for the three months ended in Mar. 2024 was ¥ -62 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-293 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. Sinoma International Engineering Co's Operating Income for the three months ended in Mar. 2024 was ¥ 1,060 Mil. Sinoma International Engineering Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -62 Mil. Sinoma International Engineering Co's Interest Coverage for the quarter that ended in Mar. 2024 was 17.22. 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.

Sinoma International Engineering Co Interest Expense Historical Data

The historical data trend for Sinoma International Engineering 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.

* Premium members only.

Sinoma International Engineering Co Interest Expense Chart

Sinoma International Engineering Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -277.10 -176.57 -284.75 -237.83 -295.15

Sinoma International Engineering 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -63.40 -47.79 -89.42 -94.54 -61.58

Sinoma International Engineering 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 ¥-293 Mil.

* 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.

Sinoma International Engineering Co  (SHSE:600970) Interest Expense 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.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Sinoma International Engineering Co's Interest Expense for the three months ended in Mar. 2024 was ¥-62 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥1,060 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥3,122 Mil.

Sinoma International Engineering 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*1060.255/-61.582
=17.22

* 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.

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

Sinoma International Engineering Co (SHSE:600970) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sinoma International Engineering Co Ltd (SHSE:600970) » Definitions » Interest Expense
Comparable Companies
SHSE:601611 SHSE:600170 SHSE:600820 SHSE:601117 SHSE:600528 SZSE:000628 SZSE:002060 SHSE:600248 SZSE:300492 SHSE:601512 XPAR:DG NSE:LT PWR SHSE:601668 SHSE:601390 TSX:WSP J XKRX:028260 HKSE:01800 EME
Traded in Other Exchanges
N/A
Address
No. 16 Wangjing North Road, Chaoyang District, Beijing, CHN, 100102
Website
http://www.sinoma.com.cn
Sinoma International Engineering Co Ltd is a supplier of complete industry chain for cement engineering, offers full-line general contracting service, from engineering design, technology and equipment research & development, equipment manufacture and supply, civil construction, equipment installation and plant commissioning to operation & maintenance. The company's main business covers cement technology & equipment and engineering, integrating premium resources of technology, talent, management, and platform.

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