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Inner Mongolian Baotou Steel Union Co (SHSE:600010) Interest Expense : ¥-1,838 Mil (TTM As of Sep. 2024)


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What is Inner Mongolian Baotou Steel Union Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Inner Mongolian Baotou Steel Union Co's interest expense for the three months ended in Sep. 2024 was ¥ -452 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-1,838 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. Inner Mongolian Baotou Steel Union Co's Operating Income for the three months ended in Sep. 2024 was ¥ -78 Mil. Inner Mongolian Baotou Steel Union Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -452 Mil. Inner Mongolian Baotou Steel Union Co 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.


Inner Mongolian Baotou Steel Union Co Interest Expense Historical Data

The historical data trend for Inner Mongolian Baotou Steel Union 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.

* Premium members only.

Inner Mongolian Baotou Steel Union Co Interest Expense Chart

Inner Mongolian Baotou Steel Union Co 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 -2,016.80 -2,198.33 -1,829.29 -1,721.65 -1,918.03

Inner Mongolian Baotou Steel Union Co Quarterly Data
Dec19 Mar20 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 -531.76 -440.78 -535.07 -410.92 -451.64

Inner Mongolian Baotou Steel Union 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-1,838 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.


Inner Mongolian Baotou Steel Union Co  (SHSE:600010) 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.

Inner Mongolian Baotou Steel Union Co's Interest Expense for the three months ended in Sep. 2024 was ¥-452 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥-78 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥19,515 Mil.

Inner Mongolian Baotou Steel Union Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Inner Mongolian Baotou Steel Union Co 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Inner Mongolian Baotou Steel Union Co Ltd interest coverage is 1.09, which is low.


Inner Mongolian Baotou Steel Union Co Business Description

Traded in Other Exchanges
N/A
Address
Inner Mongolia Autonomous Region, Main Building of Baotou Steel Information Building, Hexi Industrial Zone, Kun District, Baotou, CHN, 014010
Inner Mongolian Baotou Steel Union Co Ltd is a steel company in China. Its products include hot rolled sheets, seamless pipes and heavy rails.
Executives
Lang Ji Long Director
Zhang Xiao Ping Director
Chen Gui Rong Supervisors
Zhou Yuan Ping senior management
Song Long Tang Director
Zou Yan Chun senior management
Zhang Wei Jiang Supervisors
Shi Kai Director
Cheng Yong Jiu senior management
Yu Zhang Zhi senior management
Bai Bao Sheng Director
Liu Zhen Gang Director
Li De Gang Director
Li Xiao Director
Xing Li Guang Supervisors

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