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Liaoning Xinde New Material Technology Co (SZSE:301349) Interest Expense : ¥-1.7 Mil (TTM As of Mar. 2024)


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What is Liaoning Xinde New Material Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Liaoning Xinde New Material Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -1.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-1.7 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. Liaoning Xinde New Material Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ -18.0 Mil. Liaoning Xinde New Material Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -1.0 Mil. Liaoning Xinde New Material Technology 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.

Liaoning Xinde New Material Technology Co Interest Expense Historical Data

The historical data trend for Liaoning Xinde New Material 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.

Liaoning Xinde New Material Technology Co Interest Expense Chart

Liaoning Xinde New Material Technology Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -1.01 -1.09 -2.46 -3.35 -0.83

Liaoning Xinde New Material Technology Co Quarterly Data
Dec17 Dec18 Dec19 Jun20 Dec20 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 -0.15 -0.18 -0.44 -0.07 -1.03

Liaoning Xinde New Material 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 ¥-1.7 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.

Liaoning Xinde New Material Technology Co  (SZSE:301349) 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.

Liaoning Xinde New Material Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-1.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-18.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥168.4 Mil.

Liaoning Xinde New Material Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Liaoning Xinde New Material Technology Co did not have earnings to cover the interest expense.

* 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.

Liaoning Xinde New Material Technology Co (SZSE:301349) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Liaoning Xinde New Material Technology Co Ltd (SZSE:301349) » Definitions » Interest Expense
Comparable Companies
SHSE:603601 SHSE:688550 SHSE:688357 SZSE:002632 SZSE:301190 SZSE:002562 SZSE:300847 SZSE:300522 SHSE:688603 SHSE:688093 LIN XPAR:AI APD SHW ECL XSWX:SIKA SHSE:600309 BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
No. 295 Wensheng Road, 4th Floor, Hongwei District, Liaoning Province, Liaoyang, CHN, 111003
Website
http://www.lnxdhg.com
Liaoning Xinde New Material Technology Co Ltd is engaged in the research and development, production and sales of negative electrode coating material products.

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