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Rastar Environmental Protection Materials Co (SZSE:300834) Interest Expense : ¥-2 Mil (TTM As of Mar. 2024)


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What is Rastar Environmental Protection Materials Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rastar Environmental Protection Materials Co's interest expense for the three months ended in Mar. 2024 was ¥ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-2 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. Rastar Environmental Protection Materials Co's Operating Income for the three months ended in Mar. 2024 was ¥ 8 Mil. Rastar Environmental Protection Materials Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0 Mil. Rastar Environmental Protection Materials Co's Interest Coverage for the quarter that ended in Mar. 2024 was 279.07. 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.

Rastar Environmental Protection Materials Co Interest Expense Historical Data

The historical data trend for Rastar Environmental Protection 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.

Rastar Environmental Protection Materials Co Interest Expense Chart

Rastar Environmental Protection Materials Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -9.95 -5.45 -0.40 -0.96 -2.08

Rastar Environmental Protection Materials Co Quarterly Data
Dec17 Dec18 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 -0.06 -0.05 -0.88 -1.09 -0.03

Rastar Environmental Protection 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 ¥-2 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.

Rastar Environmental Protection Materials Co  (SZSE:300834) 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.

Rastar Environmental Protection Materials Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥1 Mil.

Rastar Environmental Protection 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*7.535/-0.027
=279.07

* 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.

Rastar Environmental Protection Materials Co (SZSE:300834) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rastar Environmental Protection Materials Co Ltd (SZSE:300834) » Definitions » Interest Expense
Comparable Companies
SZSE:002256 SZSE:002297 SHSE:605399 SHSE:603217 SHSE:600636 SZSE:002246 SZSE:301292 SZSE:000973 SZSE:300706 SHSE:600078 SAU:2010 TSE:4063 XTER:BAS DOW XKRX:051910 SZSE:002493 SHSE:600989 CE XKLS:5183 XKRX:086520
Traded in Other Exchanges
N/A
Address
No. 37, Tongyang Road, Free Trade Zone, Guangdong Province, Shantou, CHN, 515078
Website
http://www.rastarchem.cn
Rastar Environmental Materials Co Ltd is engaged in the research and development, production and sales of polymer synthetic material polystyrene.

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