Xinjiang Ba Yi Iron & Steel Co (SHSE:600581) Interest Expense : ¥-627 Mil (TTM As of Mar. 2024)

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What is Xinjiang Ba Yi Iron & Steel Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Xinjiang Ba Yi Iron & Steel Co's interest expense for the three months ended in Mar. 2024 was ¥ -166 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-627 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. Xinjiang Ba Yi Iron & Steel Co's Operating Income for the three months ended in Mar. 2024 was ¥ -167 Mil. Xinjiang Ba Yi Iron & Steel Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -166 Mil. Xinjiang Ba Yi Iron & Steel 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.

Xinjiang Ba Yi Iron & Steel Co Interest Expense Historical Data

The historical data trend for Xinjiang Ba Yi Iron & Steel 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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Xinjiang Ba Yi Iron & Steel Co Interest Expense Chart

Xinjiang Ba Yi Iron & Steel Co Annual Data

Trend

Dec14

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-265.64

-270.20

-319.48

-521.50

-609.23

Xinjiang Ba Yi Iron & Steel 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															-147.88	-20.78	-242.27	-198.31	-165.98

Xinjiang Ba Yi Iron & Steel 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 ¥-627 Mil.

Xinjiang Ba Yi Iron & Steel Co (SHSE:600581) 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.

Xinjiang Ba Yi Iron & Steel Co's Interest Expense for the three months ended in Mar. 2024 was ¥-166 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-167 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥2,661 Mil.

Xinjiang Ba Yi Iron & Steel Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Xinjiang Ba Yi Iron & Steel Co did not have earnings to cover the interest expense.

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

Xinjiang Ba Yi Iron & Steel Co (SHSE:600581) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Xinjiang Ba Yi Iron & Steel Co Ltd (SHSE:600581) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Xingang Road, Toutunhe District, Urumqi, Xinjiang, CHN, 830022

Website

http://www.bygt.com.cn

Xinjiang Ba Yi Iron & Steel Co Ltd is a Chinese company operating in the ferrous metal smelting and rolling processing industry. It comprises a set of production processes ranging from mining, mineral separation, sintering and coking to ironmaking, steelmaking, and steel rolling. The company's product folio includes Carbon steel products such as bars, heavy plate, HR steel sheet, wire rod, pipe tubes, Stainless steel products, Special steel products like die steel products, bearing steel, transportation steel, alloys for aviation and aerospace, and other products.

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