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Shandong Luscious Pet Food (BJSE:832419) Interest Expense : ¥-1.6 Mil (TTM As of Sep. 2024)


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What is Shandong Luscious Pet Food Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shandong Luscious Pet Food's interest expense for the three months ended in Sep. 2024 was ¥ -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-1.6 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. Shandong Luscious Pet Food's Operating Income for the three months ended in Sep. 2024 was ¥ 29.5 Mil. Shandong Luscious Pet Food's Interest Expense for the three months ended in Sep. 2024 was ¥ -0.3 Mil. Shandong Luscious Pet Food's Interest Coverage for the quarter that ended in Sep. 2024 was 96.84. 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.


Shandong Luscious Pet Food Interest Expense Historical Data

The historical data trend for Shandong Luscious Pet Food'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.

Shandong Luscious Pet Food Interest Expense Chart

Shandong Luscious Pet Food 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 -0.09 -0.12 -0.18 -0.26 -0.79

Shandong Luscious Pet Food Quarterly Data
Jun19 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -0.06 -0.44 -0.54 -0.29 -0.31

Shandong Luscious Pet Food 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-1.6 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.


Shandong Luscious Pet Food  (BJSE:832419) 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.

Shandong Luscious Pet Food's Interest Expense for the three months ended in Sep. 2024 was ¥-0.3 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥29.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥0.0 Mil.

Shandong Luscious Pet Food's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*29.537/-0.305
=96.84

* 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. Shandong Luscious Pet Food Inc has enough cash to cover all of its debt. Its financial situation is stable.


Shandong Luscious Pet Food Business Description

Traded in Other Exchanges
N/A
Address
South of Zhongxin Road, East of Chuanchuan Road, Yangkou Advanced Manufacturing Park, Shandong Province, Shouguang City, CHN, 262700
Shandong Luscious Pet Food Inc is a pet food professional company. It engages in research and development, production, and sales of pet food and pet supplies. Its products comprise dog food, cat staple food, cat snacks, dog snacks, dog chew, can, and Maintenance products.

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