Shanghai Challenge Textile Co (SZSE:002486) Interest Expense : ¥-1.9 Mil (TTM As of Mar. 2024)

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What is Shanghai Challenge Textile Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Challenge Textile Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-1.9 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. Shanghai Challenge Textile Co's Operating Income for the three months ended in Mar. 2024 was ¥ -9.9 Mil. Shanghai Challenge Textile Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.3 Mil. Shanghai Challenge Textile 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.

Shanghai Challenge Textile Co Interest Expense Historical Data

The historical data trend for Shanghai Challenge Textile 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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Shanghai Challenge Textile Co Interest Expense Chart

Shanghai Challenge Textile Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.49

-2.84

-3.85

-3.05

-2.24

Shanghai Challenge Textile 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															-0.61	-0.64	-0.47	-0.53	-0.31

Shanghai Challenge Textile 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 ¥-1.9 Mil.

Shanghai Challenge Textile Co (SZSE:002486) 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.

Shanghai Challenge Textile Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-9.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥4.8 Mil.

Shanghai Challenge Textile Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Shanghai Challenge Textile Co did not have earnings to cover the interest expense.

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

Shanghai Challenge Textile Co (SZSE:002486) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shanghai Challenge Textile Co Ltd (SZSE:002486) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No.1918 Tingfeng Highway, Tinglin Town, Jinshan District, Shanghai, CHN, 201504

Website

http://www.challenge-21c.com/en/about.aspx

Shanghai Challenge Textile Co Ltd is a China-based company. It is principally engaged in the design, research, development, and production of outdoor sports functional fabrics. The company's products are mainly used in outdoor sportswear.

Executives

Huang Wei Guo	Director
Yang Qi Dong	Directors, executives
Qiu Qiao Zhu	Director

Shanghai Challenge Textile Co (SZSE:002486) Headlines

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