Hainan Mining Co (SHSE:601969) Interest Expense : ¥-81 Mil (TTM As of Mar. 2024)

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What is Hainan Mining Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hainan Mining Co's interest expense for the three months ended in Mar. 2024 was ¥ -21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-81 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. Hainan Mining Co's Operating Income for the three months ended in Mar. 2024 was ¥ 278 Mil. Hainan Mining Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -21 Mil. Hainan Mining Co's Interest Coverage for the quarter that ended in Mar. 2024 was 13.11. 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.

Hainan Mining Co Interest Expense Historical Data

The historical data trend for Hainan Mining 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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Hainan Mining Co Interest Expense Chart

Hainan Mining Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-80.12

-76.55

-75.41

-83.77

-84.05

Hainan Mining 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															-24.05	-16.97	-12.91	-30.14	-21.21

Hainan Mining 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 ¥-81 Mil.

Hainan Mining Co (SHSE:601969) 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.

Hainan Mining Co's Interest Expense for the three months ended in Mar. 2024 was ¥-21 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥278 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥547 Mil.

Hainan Mining 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	*	278.013	/	-21.21
	=	13.11

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

Hainan Mining Co (SHSE:601969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hainan Mining Co Ltd (SHSE:601969) » Definitions » Interest Expense

Traded in Other Exchanges

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Address

Changjiang Li Autonomous County, Hainan Shilu, CHN

Website

http://www.hnmining.com

Hainan Mining Co Ltd is a China-based company engages in the business of iron ore mining. It offers a range of product that is lump ore, fine ore, and iron fine powder to iron and steel companies. It holds an interest in Shilu, a multi-metal and non-metallic mineral deposit located in China.

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