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Advanced Technology & Materials Co (SZSE:000969) Interest Expense : ¥-22 Mil (TTM As of Mar. 2024)


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What is Advanced Technology & Materials Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Advanced Technology & Materials Co's interest expense for the three months ended in Mar. 2024 was ¥ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-22 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. Advanced Technology & Materials Co's Operating Income for the three months ended in Mar. 2024 was ¥ 116 Mil. Advanced Technology & Materials Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -5 Mil. Advanced Technology & Materials Co's Interest Coverage for the quarter that ended in Mar. 2024 was 23.78. 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.

Advanced Technology & Materials Co Interest Expense Historical Data

The historical data trend for Advanced Technology & Materials 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.

Advanced Technology & Materials Co Interest Expense Chart

Advanced Technology & Materials 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 -68.22 -55.74 -32.37 -27.03 -23.34

Advanced Technology & Materials 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 -6.20 -6.16 -5.65 -5.32 -4.86

Advanced Technology & Materials 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 ¥-22 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.

Advanced Technology & Materials Co  (SZSE:000969) 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.

Advanced Technology & Materials Co's Interest Expense for the three months ended in Mar. 2024 was ¥-5 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥116 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥715 Mil.

Advanced Technology & Materials 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*115.558/-4.86
=23.78

* 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.

Advanced Technology & Materials Co (SZSE:000969) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Advanced Technology & Materials Co Ltd (SZSE:000969) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 76 Xueyuan South Road, Haidian District, Beijing, Beijing, CHN, 100081
Website
http://www.atmcn.com
Advanced Technology & Materials Co Ltd is a Chinese high-tech company that focuses on the research and development and manufacture of new metallic materials and products. Its products include amorphous and nano-crystalline materials and products; refractory materials and products; powder materials and products; magnetic materials and products; welding materials and products; filtration materials and environmental protection engineering products; and high-speed steel and diamond tools. These products are used in various fields which include aerospace, energy, transportation, consumer electronics, construction and building materials, petrochemical, saving and environmental protection industries. Geographically the activities are carried out through China.
Executives
Gao Ai Sheng Supervisors
Su Guo Ping Directors, executives
Wang Tie Jun Executives
Li Jun Feng Director
Wang She Jiao Director
Yang Wen Yi Executives
Yang Chun Jie Securities Affairs Representative
Zhang Jin Hua Executives
Jiang Jin Feng Supervisors
Zhao Shi Qian Directors, executives
Tian Zhi Ling Director
Zhou Shao Xiong Executives
Jin Ming Chang Supervisors
Wang Huai Supervisors
Zhao Pei Directors, executives

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