Tianqi Lithium (HKSE:09696) Interest Expense : HK$-491 Mil (TTM As of Dec. 2023)

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What is Tianqi Lithium Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tianqi Lithium's interest expense for the three months ended in Dec. 2023 was HK$ -159 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-491 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. Tianqi Lithium's Operating Income for the three months ended in Dec. 2023 was HK$ 5,781 Mil. Tianqi Lithium's Interest Expense for the three months ended in Dec. 2023 was HK$ -159 Mil. Tianqi Lithium's Interest Coverage for the quarter that ended in Dec. 2023 was 36.38. 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.

Tianqi Lithium Interest Expense Historical Data

The historical data trend for Tianqi Lithium'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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Tianqi Lithium Interest Expense Chart

Tianqi Lithium Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-2,276.14

-2,175.94

-1,805.84

-1,209.09

-601.69

Tianqi Lithium Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial								-107.98	-	-178.26	-158.92	-154.06

Tianqi Lithium 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-491 Mil.

Tianqi Lithium (HKSE:09696) 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.

Tianqi Lithium's Interest Expense for the three months ended in Dec. 2023 was HK$-159 Mil. Its Operating Income for the three months ended in Dec. 2023 was HK$5,781 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was HK$11,667 Mil.

Tianqi Lithium's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	5781.419	/	-158.917
	=	36.38

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

Tianqi Lithium (HKSE:09696) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tianqi Lithium Corp (HKSE:09696) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

2220:Germany

Address

No. 10 East Gaopeng Road, Building 1, Hi-Tech Zone, Sichuan, Chengdu, CHN

Website

http://www.tianqilithium.com

Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.

Executives

Pacific Asset Management Co., Ltd.	2501 Other
Jiang Jinzhi	2201 Interest of corporation controlled by you
Morgan Stanley	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.
Huatai Securities Co., Ltd.
China International Capital Corporation Limited	2201 Interest of corporation controlled by you
Morgan Stanley Asia Holdings Limited	2201 Interest of corporation controlled by you
Jin Shan Xiang Gang Guo Ji Kuang Ye You Xian Gong Si	2101 Beneficial owner
Zi Jin Kuang Ye Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Hwabao Trust Co., Ltd	2301 Trustee
China International Capital Corporation Hong Kong Securities Limited	2105 Underwriter
China International Capital Corporation (international) Limited	2201 Interest of corporation controlled by you
Morgan Stanley Hong Kong 1238 Limited	2201 Interest of corporation controlled by you
Morgan Stanley Asia Limited	2105 Underwriter
Lg Chem, Ltd.	2101 Beneficial owner

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