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Shanghai Jinqiao Export Processing Zone Development Co (SHSE:600639) Interest Expense : ¥-693 Mil (TTM As of Dec. 2023)


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What is Shanghai Jinqiao Export Processing Zone Development Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Jinqiao Export Processing Zone Development Co's interest expense for the three months ended in Dec. 2023 was ¥ -247 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ¥-693 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. Shanghai Jinqiao Export Processing Zone Development Co's Operating Income for the three months ended in Dec. 2023 was ¥ 387 Mil. Shanghai Jinqiao Export Processing Zone Development Co's Interest Expense for the three months ended in Dec. 2023 was ¥ -247 Mil. Shanghai Jinqiao Export Processing Zone Development Co's Interest Coverage for the quarter that ended in Dec. 2023 was 1.57. 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.


Shanghai Jinqiao Export Processing Zone Development Co Interest Expense Historical Data

The historical data trend for Shanghai Jinqiao Export Processing Zone Development 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.

Shanghai Jinqiao Export Processing Zone Development Co Interest Expense Chart

Shanghai Jinqiao Export Processing Zone Development 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 -100.80 -170.66 -326.33 -332.69 -430.75

Shanghai Jinqiao Export Processing Zone Development 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 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 -94.05 -81.76 -101.97 -262.43 -247.01

Shanghai Jinqiao Export Processing Zone Development 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 ¥-693 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.


Shanghai Jinqiao Export Processing Zone Development Co  (SHSE:600639) 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.

Shanghai Jinqiao Export Processing Zone Development Co's Interest Expense for the three months ended in Dec. 2023 was ¥-247 Mil. Its Operating Income for the three months ended in Dec. 2023 was ¥387 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ¥10,778 Mil.

Shanghai Jinqiao Export Processing Zone Development 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*387.363/-247.012
=1.57

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Shanghai Jinqiao Export Processing Zone Development Co Ltd interest coverage is 4, which is low.


Shanghai Jinqiao Export Processing Zone Development Co (SHSE:600639) Business Description

Traded in Other Exchanges
Address
No. 28 Jinqiao Road, Shanghai) Free Trade Experimental Zone, Shanghai, CHN, 201206
Shanghai Jinqiao Export Processing Zone Development Co Ltd is a real estate development company. It primarily focuses on industrial real estate and traditional real estate industry development. The company's operations predominantly consist of real estate leasing, real estate sales and serviced apartment leasing.

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