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Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) Interest Expense : ¥-12 Mil (TTM As of Sep. 2023)


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What is Jiangsu King's Luck Brewery Joint-Stock Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangsu King's Luck Brewery Joint-Stock Co's interest expense for the three months ended in Sep. 2023 was ¥ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ¥-12 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. Jiangsu King's Luck Brewery Joint-Stock Co's Operating Income for the three months ended in Sep. 2023 was ¥ 756 Mil. Jiangsu King's Luck Brewery Joint-Stock Co's Interest Expense for the three months ended in Sep. 2023 was ¥ -1 Mil. Jiangsu King's Luck Brewery Joint-Stock Co's Interest Coverage for the quarter that ended in Sep. 2023 was 1,348.16. 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.


Jiangsu King's Luck Brewery Joint-Stock Co Interest Expense Historical Data

The historical data trend for Jiangsu King's Luck Brewery Joint-Stock 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.

Jiangsu King's Luck Brewery Joint-Stock Co Interest Expense Chart

Jiangsu King's Luck Brewery Joint-Stock Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.24 -0.65 -6.54 -1.02 -8.42

Jiangsu King's Luck Brewery Joint-Stock Co Quarterly Data
Dec18 Mar19 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 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 - -3.26 -3.11 -4.97 -0.56

Jiangsu King's Luck Brewery Joint-Stock 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-12 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.


Jiangsu King's Luck Brewery Joint-Stock Co  (SHSE:603369) 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.

Jiangsu King's Luck Brewery Joint-Stock Co's Interest Expense for the three months ended in Sep. 2023 was ¥-1 Mil. Its Operating Income for the three months ended in Sep. 2023 was ¥756 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was ¥0 Mil.

Jiangsu King's Luck Brewery Joint-Stock Co'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*756.316/-0.561
=1,348.16

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Jiangsu King's Luck Brewery Joint-Stock Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.


Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) Business Description

Traded in Other Exchanges
N/A
Address
Zhen present margin Avenue, Lianshui high, Jiangsu Province, Huaian, CHN
Jiangsu King's Luck Brewery Joint-Stock Co Ltd is a China-based company engages in the manufacturing and distribution of liquor. It is engaged in the manufacture and sale of Distilled spirit wine. It also offers pre-packaged food. The company conducts its businesses mainly within Jiangsu province.

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