Shanghai Huafon Aluminium (SHSE:601702) Interest Expense : ¥-67 Mil (TTM As of Sep. 2023)

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What is Shanghai Huafon Aluminium Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Huafon Aluminium's interest expense for the three months ended in Sep. 2023 was ¥ -13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ¥-67 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 Huafon Aluminium's Operating Income for the three months ended in Sep. 2023 was ¥ 281 Mil. Shanghai Huafon Aluminium's Interest Expense for the three months ended in Sep. 2023 was ¥ -13 Mil. Shanghai Huafon Aluminium's Interest Coverage for the quarter that ended in Sep. 2023 was 21.33. 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 Huafon Aluminium Interest Expense Historical Data

The historical data trend for Shanghai Huafon Aluminium'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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Shanghai Huafon Aluminium Interest Expense Chart

Shanghai Huafon Aluminium Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-100.73

-108.73

-87.08

-97.28

-86.46

Shanghai Huafon Aluminium Quarterly Data
	Jun18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-15.23	-17.45	-18.44	-18.01	-13.15

Shanghai Huafon Aluminium 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-67 Mil.

Shanghai Huafon Aluminium (SHSE:601702) 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.

Shanghai Huafon Aluminium's Interest Expense for the three months ended in Sep. 2023 was ¥-13 Mil. Its Operating Income for the three months ended in Sep. 2023 was ¥281 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was ¥50 Mil.

Shanghai Huafon Aluminium's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	280.561	/	-13.151
	=	21.33

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

Shanghai Huafon Aluminium (SHSE:601702) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shanghai Huafon Aluminium Corp (SHSE:601702) » Definitions » Interest Expense

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Address

1111 Yuegong Road, Jinshan District, Shanghai, CHN, 201506

Website

http://www.huafonal.com

Shanghai Huafon Aluminium Corp is engaged in production and sales of aluminum sheet, strip and foil. The company's products include brazed heat exchangers material; water tanks, heaters, air coolers; condenser; evaporator, heater, oil cooler; and Other Industrial Products Materials. Its products line covers all kinds of alloyed material and specifications which is widely used in the automobile and construction machinery and equipment cooling systems, power station cooling system, micro-channel cooler and all kinds of both commercial and residential air-conditioners. It also processes all kinds of aluminum products processing 1,3,4,5,7 series, which are widely used in transportation construction, food packaging, electronics information industry and other fields.

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