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Jiangsu Huachang Chemical Co (SZSE:002274) Interest Expense : ¥-20 Mil (TTM As of Mar. 2024)


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What is Jiangsu Huachang Chemical Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangsu Huachang Chemical Co's interest expense for the three months ended in Mar. 2024 was ¥ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-20 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 Huachang Chemical Co's Operating Income for the three months ended in Mar. 2024 was ¥ 296 Mil. Jiangsu Huachang Chemical Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -3 Mil. Jiangsu Huachang Chemical Co's Interest Coverage for the quarter that ended in Mar. 2024 was 89.15. 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 Huachang Chemical Co Interest Expense Historical Data

The historical data trend for Jiangsu Huachang Chemical 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 Huachang Chemical Co Interest Expense Chart

Jiangsu Huachang Chemical 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 -105.55 -96.80 -61.56 -26.98 -21.62

Jiangsu Huachang Chemical 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 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 -5.35 -1.99 -5.61 -8.68 -3.33

Jiangsu Huachang Chemical 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 ¥-20 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 Huachang Chemical Co  (SZSE:002274) 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 Huachang Chemical Co's Interest Expense for the three months ended in Mar. 2024 was ¥-3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥296 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0 Mil.

Jiangsu Huachang Chemical Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*296.409/-3.325
=89.15

* 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.

Jiangsu Huachang Chemical Co (SZSE:002274) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Jiangsu Huachang Chemical Co Ltd (SZSE:002274) » Definitions » Interest Expense
Comparable Companies
SZSE:000912 SZSE:002588 SZSE:002215 SZSE:002470 SHSE:603639 SZSE:002556 SHSE:600230 SZSE:002538 SHSE:600389 SZSE:002170 CTVA TSX:NTR SAU:2020 CF SZSE:000792 MOS MIC:PHOR OSL:YAR MIC:AKRN FMC
Traded in Other Exchanges
N/A
Address
No. 1 Nanhai Road, Yangzi River International Chemical Industrial Park, Jingang Town Duty-Free Zone, Jiangsu Province, Zhangjiagang, CHN, 215634
Website
http://www.huachangchem.cn
Jiangsu Huachang Chemical Co Ltd is a China based manufacturer and distributor of chemical fertilizers, pure soda and fine chemical products. Its product portfolio includes agrochemicals like synthetic ammonia, Urea ammonium chloride, mixed fertilizer; basic chemicals like sodium carbonate; and fine chemicals and biochemical products like polypeptide, ethylene imine, refined methanol, sodium borohydride and amino acid series, and other products.

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