Aofu Environmental Technology Co (SHSE:688021) Interest Expense : ¥-11.3 Mil (TTM As of Mar. 2024)

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What is Aofu Environmental Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aofu Environmental Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -3.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-11.3 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. Aofu Environmental Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ -5.4 Mil. Aofu Environmental Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -3.7 Mil. Aofu Environmental Technology 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.

Aofu Environmental Technology Co Interest Expense Historical Data

The historical data trend for Aofu Environmental Technology 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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Aofu Environmental Technology Co Interest Expense Chart

Aofu Environmental Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-7.85

-2.86

-4.39

-16.54

-10.81

Aofu Environmental Technology 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															-3.17	-1.48	-4.65	-1.51	-3.66

Aofu Environmental Technology 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 ¥-11.3 Mil.

Aofu Environmental Technology Co (SHSE:688021) 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.

Aofu Environmental Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-3.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-5.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥119.8 Mil.

Aofu Environmental Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Aofu Environmental Technology Co did not have earnings to cover the interest expense.

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

Aofu Environmental Technology Co (SHSE:688021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Aofu Environmental Technology Co Ltd (SHSE:688021) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

East side of south of Fumin Road, Economic Development Zone, Linyi County, Shandong Province, Dezhou, CHN, 251500

Website

http://en.sdaofu.com

Aofu Environmental Technology Co Ltd is a China based company engaged in the manufacturing of ceramic products.

Executives

Wang Jian Zhong	Director
Huang Fei Hui	Core technical personnel
Ni Shou Cai	Directors, senior managers, core technical personn
Feng Zhen Hai	senior management
Liu Hong Yue	Director
Zhang Xu Guang	Supervisors

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