Wens Foodstuff Group Co (SZSE:300498) Interest Expense : ¥-1,364 Mil (TTM As of Sep. 2023)

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What is Wens Foodstuff Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wens Foodstuff Group Co's interest expense for the three months ended in Sep. 2023 was ¥ -320 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ¥-1,364 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. Wens Foodstuff Group Co's Operating Income for the three months ended in Sep. 2023 was ¥ 552 Mil. Wens Foodstuff Group Co's Interest Expense for the three months ended in Sep. 2023 was ¥ -320 Mil. Wens Foodstuff Group Co's Interest Coverage for the quarter that ended in Sep. 2023 was 1.72. 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.

Wens Foodstuff Group Co Interest Expense Historical Data

The historical data trend for Wens Foodstuff Group 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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Wens Foodstuff Group Co Interest Expense Chart

Wens Foodstuff Group Co Annual Data

Trend

Dec13

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Dec22

Interest Expense

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-296.13

-361.45

-411.40

-1,373.38

-1,629.83

Wens Foodstuff Group 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															-409.61	-352.60	-335.12	-355.70	-320.26

Wens Foodstuff Group 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 ¥-1,364 Mil.

Wens Foodstuff Group Co (SZSE:300498) 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.

Wens Foodstuff Group Co's Interest Expense for the three months ended in Sep. 2023 was ¥-320 Mil. Its Operating Income for the three months ended in Sep. 2023 was ¥552 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was ¥24,133 Mil.

Wens Foodstuff Group 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	*	552.186	/	-320.256
	=	1.72

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. Wens Foodstuff Group Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Wens Foodstuff Group Co (SZSE:300498) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wens Foodstuff Group Co Ltd (SZSE:300498) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, Dongdi North Road, Xincheng Town, Xinxing County, Guangdong Province, Yunfu, CHN, 527400

Website

https://www.wens.com.cn

Wens Foodstuff Group Co Ltd operates as a livestock and poultry farming company in China. The company offers fresh meat products and processed products, including chicken, pig, duck, milk, egg, cooked chicken, deep-sea fish, sheep, pigeons, and other products. It also provides raw milk; and finished milk, such as pasteurized milk, fermented milk, sterilized milk, milk-containing beverages, and other various categories of products.

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