Shandong Gold Mining Co (HKSE:01787) Interest Expense : HK$-1,721 Mil (TTM As of Dec. 2023)

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What is Shandong Gold Mining Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shandong Gold Mining Co's interest expense for the three months ended in Dec. 2023 was HK$ -475 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-1,721 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. Shandong Gold Mining Co's Operating Income for the three months ended in Dec. 2023 was HK$ 2,459 Mil. Shandong Gold Mining Co's Interest Expense for the three months ended in Dec. 2023 was HK$ -475 Mil. Shandong Gold Mining Co's Interest Coverage for the quarter that ended in Dec. 2023 was 5.17. 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.

Shandong Gold Mining Co Interest Expense Historical Data

The historical data trend for Shandong Gold Mining 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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Shandong Gold Mining Co Interest Expense Chart

Shandong Gold Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-938.84

-942.77

-896.04

-1,173.67

-1,715.35

Shandong Gold Mining Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-326.96	-379.47	-403.78	-462.89	-475.18

Shandong Gold Mining 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-1,721 Mil.

Shandong Gold Mining Co (HKSE:01787) 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.

Shandong Gold Mining Co's Interest Expense for the three months ended in Dec. 2023 was HK$-475 Mil. Its Operating Income for the three months ended in Dec. 2023 was HK$2,459 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was HK$25,507 Mil.

Shandong Gold Mining Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	2458.695	/	-475.183
	=	5.17

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Shandong Gold Mining Co Ltd interest coverage is 3.56, which is low.

Shandong Gold Mining Co (HKSE:01787) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shandong Gold Mining Co Ltd (HKSE:01787) » Definitions » Interest Expense

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188H:Germany 600547:China

Address

No. 2503 Jingshi Road, Licheng District, Shandong Province, Jinan, CHN, 250107

Website

http://www.sdhjgf.com.cn

Shandong Gold Mining Co Ltd is a China-based company engaged in the exploration, mining, and smelting of gold mines. It is also engaged in the purification, processing, manufacturing, and distribution of precious metal, nonferrous metal products, and gold jewelry. The operating segments of the company are Gold Mining, Gold Refining, and Investment Management. It derives key revenue from the Gold Refining segment which involves the production and sales of gold. The group operates in the PRC and Outside PRC, of which most of the revenue is from the PRC.

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