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Guanwei Recycling (Guanwei Recycling) Interest Expense : $-0.06 Mil (TTM As of Dec. 2015)


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What is Guanwei Recycling Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Guanwei Recycling's interest expense for the six months ended in Dec. 2015 was $ -0.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2015 was $-0.06 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. Guanwei Recycling's Operating Income for the six months ended in Dec. 2015 was $ -1.58 Mil. Guanwei Recycling's Interest Expense for the six months ended in Dec. 2015 was $ -0.06 Mil. Guanwei Recycling did not have earnings to cover the interest expense. 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.


Guanwei Recycling Interest Expense Historical Data

The historical data trend for Guanwei Recycling'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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Guanwei Recycling Interest Expense Chart

Guanwei Recycling Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Interest Expense
Get a 7-Day Free Trial -0.03 - -0.04 -0.01 -0.06

Guanwei Recycling Semi-Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Interest Expense Get a 7-Day Free Trial -0.03 - -0.04 -0.01 -0.06

Guanwei Recycling Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Dec. 2015 was $-0.06 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.


Guanwei Recycling  (GREY:GPRC) 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.

Guanwei Recycling's Interest Expense for the six months ended in Dec. 2015 was $-0.06 Mil. Its Operating Income for the six months ended in Dec. 2015 was $-1.58 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2015 was $0.00 Mil.

Guanwei Recycling's Interest Coverage for the quarter that ended in Dec. 2015 is calculated as

Guanwei Recycling did not have earnings to cover the interest expense.

* 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.


Guanwei Recycling (Guanwei Recycling) Business Description

Traded in Other Exchanges
N/A
Address
Rong Qiao Economic Zone, Fuqing City, Fujian, CHN, 350301
Guanwei Recycling Corp is a plastic recycling company. It is primarily engaged in the manufacture and distribution of low-density polyethylene and other recycled plastic products using the imported raw material in the form of plastic waste. The plastic polymers include Polyethylene terephthalate, High-density polyethylene, Polyvinyl chloride, Low-density polyethylene, Polypropylene, and Polystyrene. Geographically, the activities of the group are functioned through China.

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