Changmao Biochemical Engineering Co (HKSE:00954) Interest Expense : HK$-8.3 Mil (TTM As of Jun. 2023)

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What is Changmao Biochemical Engineering Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Changmao Biochemical Engineering Co's interest expense for the six months ended in Jun. 2023 was HK$ -3.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was HK$-8.3 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. Changmao Biochemical Engineering Co's Operating Income for the six months ended in Jun. 2023 was HK$ 8.0 Mil. Changmao Biochemical Engineering Co's Interest Expense for the six months ended in Jun. 2023 was HK$ -3.5 Mil. Changmao Biochemical Engineering Co's Interest Coverage for the quarter that ended in Jun. 2023 was 2.28. 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.

Changmao Biochemical Engineering Co Interest Expense Historical Data

The historical data trend for Changmao Biochemical Engineering 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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Changmao Biochemical Engineering Co Interest Expense Chart

Changmao Biochemical Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.58

-0.07

-2.39

-2.98

-8.29

Changmao Biochemical Engineering Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.70	-1.85	-1.22	-3.51	-4.78

Changmao Biochemical Engineering 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-8.3 Mil.

Changmao Biochemical Engineering Co (HKSE:00954) 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.

Changmao Biochemical Engineering Co's Interest Expense for the six months ended in Jun. 2023 was HK$-3.5 Mil. Its Operating Income for the six months ended in Jun. 2023 was HK$8.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was HK$148.2 Mil.

Changmao Biochemical Engineering Co's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	7.997	/	-3.512
	=	2.28

The higher the ratio, the stronger the company's financial strength is.

Changmao Biochemical Engineering Co (HKSE:00954) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Changmao Biochemical Engineering Co Ltd (HKSE:00954) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

No. 1228 Chang Jiang Bei Road, New North Zone, Jiangsu Province, Changzhou City, CHN, 213034

Website

http://www.cmbec.com.hk

Changmao Biochemical Engineering Co Ltd is an organic acid producer in the PRC. It produces organic acids products for sale to the food additive, chemical, and pharmaceutical industries. Its products are organic acids and their derivatives with four carbons in their structures including fumaric acid, maleic acid, L-malic acid, D-malic acid, DL-malic acid, L(+)-tartaric acid, D(-)-tartaric acid, DL-tartaric acid, L-aspartic acid, and aspartame. These products are used as food additives or medical intermediaries. Its products are produced along vertical production chains. Its geographic locations include Mainland China, Europe includes Great Britain, Germany, Turkey, Spain, and Italy, Asia Pacific includes Hong Kong, Indonesia, Australia, India, Thailand and Japan, America, and Others.

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