Zhangjiagang Guangda Special Material Co (SHSE:688186) Interest Expense : ¥-103 Mil (TTM As of Mar. 2024)

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What is Zhangjiagang Guangda Special Material Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhangjiagang Guangda Special Material Co's interest expense for the three months ended in Mar. 2024 was ¥ -32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-103 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. Zhangjiagang Guangda Special Material Co's Operating Income for the three months ended in Mar. 2024 was ¥ 37 Mil. Zhangjiagang Guangda Special Material Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -32 Mil. Zhangjiagang Guangda Special Material Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.14. 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.

Zhangjiagang Guangda Special Material Co Interest Expense Historical Data

The historical data trend for Zhangjiagang Guangda Special Material 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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Zhangjiagang Guangda Special Material Co Interest Expense Chart

Zhangjiagang Guangda Special Material Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-40.71

-43.36

-67.90

-80.70

-97.78

Zhangjiagang Guangda Special Material 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															-26.84	-25.06	-29.01	-16.86	-32.45

Zhangjiagang Guangda Special Material 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 ¥-103 Mil.

Zhangjiagang Guangda Special Material Co (SHSE:688186) 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.

Zhangjiagang Guangda Special Material Co's Interest Expense for the three months ended in Mar. 2024 was ¥-32 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥37 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥3,399 Mil.

Zhangjiagang Guangda Special Material 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	*	36.982	/	-32.45
	=	1.14

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Zhangjiagang Guangda Special Material Co Ltd interest coverage is 1.6, which is low.

Zhangjiagang Guangda Special Material Co (SHSE:688186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zhangjiagang Guangda Special Material Co Ltd (SHSE:688186) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Fenghuang Town, Langanqiao Development Zone, Jiangsu Province, Anqing Village, Zhangjiagang, CHN, 215614

Website

http://www.zjggdtc.com

Zhangjiagang Guangda Special Material Co Ltd is engaged in production and sale of special steel materials. The company's products include various types of castings and forgings and machine accessories: such as forged round bar, die and tool steel, wind power spindle, heavy load gear motor shaft, high pressure boiler pipe, roller, oil mechanical driller, tube-shaped forging, die block, ring forging, disk-shaped forging and all kinds of abnormal forgings. Its products are used in various industries such as wind power, chemical engineering, machinery, automobile, vessel, power station, metallurgy, mining and petrochemical.

Executives

Gu Jin Cai	senior management
Zhou Qing Chun	Core technical personnel

Zhangjiagang Guangda Special Material Co (SHSE:688186) Headlines

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