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Sinochem Equipment Technology (Qingdao) Co (SHSE:600579) Interest Expense : ¥-266 Mil (TTM As of Mar. 2025)


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What is Sinochem Equipment Technology (Qingdao) Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sinochem Equipment Technology (Qingdao) Co's interest expense for the three months ended in Mar. 2025 was ¥ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2025 was ¥-266 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. Sinochem Equipment Technology (Qingdao) Co's Operating Income for the three months ended in Mar. 2025 was ¥ -32 Mil. Sinochem Equipment Technology (Qingdao) Co's Interest Expense for the three months ended in Mar. 2025 was ¥ -3 Mil. Sinochem Equipment Technology (Qingdao) 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.

Sinochem Equipment Technology (Qingdao) Co Interest Expense Historical Data

The historical data trend for Sinochem Equipment Technology (Qingdao) 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.

Sinochem Equipment Technology (Qingdao) Co Interest Expense Chart

Sinochem Equipment Technology (Qingdao) Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -188.36 -176.82 -206.98 -370.34 -351.04

Sinochem Equipment Technology (Qingdao) Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 -88.37 -84.47 -87.86 -90.33 -3.47

Sinochem Equipment Technology (Qingdao) 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. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-266 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.

Sinochem Equipment Technology (Qingdao) Co  (SHSE:600579) 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.

Sinochem Equipment Technology (Qingdao) Co's Interest Expense for the three months ended in Mar. 2025 was ¥-3 Mil. Its Operating Income for the three months ended in Mar. 2025 was ¥-32 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2025 was ¥100 Mil.

Sinochem Equipment Technology (Qingdao) Co's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Sinochem Equipment Technology (Qingdao) 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.

Sinochem Equipment Technology (Qingdao) Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sinochem Equipment Technology (Qingdao) Co Ltd (SHSE:600579) » Definitions » Interest Expense
Comparable Companies
SZSE:301568 SZSE:001332 SZSE:301070 BJSE:836720 SHSE:603956 SZSE:300105 SHSE:601956 SZSE:000530 SZSE:300004 SZSE:001223 XTER:SIE XPAR:SU GEV ETN PH XTER:ENR TSE:7011 OSTO:ATCO A EMR ITW
Traded in Other Exchanges
N/A
Address
No. 9 Beitucheng West Road, China National Bluestar Headquarters Building, Chaoyang District, Beijing, CHN, 100029
Website
http://www.kraussmaffei.ltd
Sinochem Equipment Technology (Qingdao) Co Ltd is engaged in the Chemical equipment business and rubber machinery business.

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