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Jinan Acetate Chemical Co (TPE:4763) Interest Expense : NT$-11 Mil (TTM As of Mar. 2024)


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What is Jinan Acetate Chemical Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jinan Acetate Chemical Co's interest expense for the three months ended in Mar. 2024 was NT$ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-11 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. Jinan Acetate Chemical Co's Operating Income for the three months ended in Mar. 2024 was NT$ 2,228 Mil. Jinan Acetate Chemical Co's Interest Expense for the three months ended in Mar. 2024 was NT$ 0 Mil. Jinan Acetate Chemical Co has no long-term debt (1). 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Jinan Acetate Chemical Co Interest Expense Historical Data

The historical data trend for Jinan Acetate Chemical 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.

Jinan Acetate Chemical Co Interest Expense Chart

Jinan Acetate Chemical 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 -23.35 -25.86 -35.07 -34.21 -18.20

Jinan Acetate Chemical 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 -7.68 -6.45 -4.00 -0.07 -

Jinan Acetate Chemical 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 NT$-11 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.

Jinan Acetate Chemical Co  (TPE:4763) 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.

Jinan Acetate Chemical Co's Interest Expense for the three months ended in Mar. 2024 was NT$0 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$2,228 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$0 Mil.

Jinan Acetate Chemical Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Jinan Acetate Chemical Co had no long-term debt (1).

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Jinan Acetate Chemical Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Jinan Acetate Chemical Co (TPE:4763) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jinan Acetate Chemical Co Ltd (TPE:4763) » Definitions » Interest Expense
Comparable Companies
TPE:1773 TPE:1723 TPE:1313 TPE:1710 TPE:1312 TPE:1718 TPE:1709 TPE:1714 TPE:1310 TPE:1708 SAU:2010 TSE:4063 XTER:BAS DOW XKRX:051910 SZSE:002493 SHSE:600989 XKRX:086520 CE XKLS:5183
Traded in Other Exchanges
N/A
Address
No.7 of Taixing East Street, Jiyang County, Shandong Province, Jinan, CHN
Website
http://www.acetek.com.cn
Jinan Acetate Chemical Co Ltd is a chemical company based in China. The company is engaged in the manufacturing and sales of cellulose acetate products. It derives a majority of its revenue from Cellulose acetate tow products. Geographically, it generates maximum revenue from Asia and also has a presence in America, Africa, and Other Countries.

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