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Ruitai Materials Technology Co (SZSE:002066) Interest Expense : ¥-51 Mil (TTM As of Mar. 2024)


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What is Ruitai Materials Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ruitai Materials Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-51 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. Ruitai Materials Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 58 Mil. Ruitai Materials Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -10 Mil. Ruitai Materials Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 5.65. 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.

Ruitai Materials Technology Co Interest Expense Historical Data

The historical data trend for Ruitai Materials 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.

* Premium members only.

Ruitai Materials Technology Co Interest Expense Chart

Ruitai Materials Technology 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 -92.82 -74.57 -64.95 -56.04 -53.41

Ruitai Materials 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 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 -12.22 -12.57 -13.46 -15.16 -10.29

Ruitai Materials 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 ¥-51 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.

Ruitai Materials Technology Co  (SZSE:002066) 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.

Ruitai Materials Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-10 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥58 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥595 Mil.

Ruitai Materials Technology 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*58.181/-10.289
=5.65

* 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.

Ruitai Materials Technology Co (SZSE:002066) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ruitai Materials Technology Co Ltd (SZSE:002066) » Definitions » Interest Expense
Comparable Companies
SZSE:002596 SHSE:605122 SHSE:600678 SZSE:002377 BJSE:835438 SHSE:600883 SHSE:600802 SZSE:300135 SZSE:002398 SZSE:001212 CRH XSWX:HOLN MLM NSE:ULTRACEMCO VMC NSE:GRASIM XTER:HEI BOM:500425 SHSE:600585 XKRX:003670
Traded in Other Exchanges
N/A
Address
No.1, Wuliqiao 1st Street, Building 27, Chaoyang District, Beijing, CHN, 100024
Website
http://www.bjruitai.com
Ruitai Materials Technology Co Ltd is a China-based company engaged in the development and production of shaped and amorphous refractory materials and various types of wear-resistant materials. The company provides a fused cast, basic, alumina-silica, silica, and unshaped refractories, as well as polybasic alloyed casting balls and bars, and low chromium alloyed castings and capsules. It also provides installation and transportation services for high-temperature furnaces. It caters to the glass, cement, nonferrous, electrical and petrochemical industry.
Executives
Ma Zhen Zhu Director
Dai Zhang You Executives
Sun Xiang Yun Director
Ceng Da Fan Director
Hu Jie Supervisors
Cheng Jie Supervisors
Gu Su Qin Director
Hu Jian Kun Director

Ruitai Materials Technology Co (SZSE:002066) Headlines

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