Shandong Nanshan Aluminum Co (SHSE:600219) Interest Expense : ¥-311 Mil (TTM As of Mar. 2024)

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What is Shandong Nanshan Aluminum Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shandong Nanshan Aluminum Co's interest expense for the three months ended in Mar. 2024 was ¥ -119 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-311 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 Nanshan Aluminum Co's Operating Income for the three months ended in Mar. 2024 was ¥ 1,029 Mil. Shandong Nanshan Aluminum Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -119 Mil. Shandong Nanshan Aluminum Co's Interest Coverage for the quarter that ended in Mar. 2024 was 8.66. 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 Nanshan Aluminum Co Interest Expense Historical Data

The historical data trend for Shandong Nanshan Aluminum 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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Shandong Nanshan Aluminum Co Interest Expense Chart

Shandong Nanshan Aluminum Co Annual Data

Trend

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Dec23

Interest Expense

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-407.94

-309.51

-272.14

-291.12

-297.75

Shandong Nanshan Aluminum Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-105.56	-60.69	-64.74	-66.76	-118.90

Shandong Nanshan Aluminum 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-311 Mil.

Shandong Nanshan Aluminum Co (SHSE:600219) 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.

Shandong Nanshan Aluminum Co's Interest Expense for the three months ended in Mar. 2024 was ¥-119 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥1,029 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥11 Mil.

Shandong Nanshan Aluminum Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1029.121	/	-118.904
	=	8.66

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

Shandong Nanshan Aluminum Co (SHSE:600219) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shandong Nanshan Aluminum Co Ltd (SHSE:600219) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Nanshan Village, Dongjiang Town, Shandong Province, Longkou, CHN, 265706

Website

http://www.600219.com.cn

Shandong Nanshan Aluminum Co Ltd is engaged in the production and distribution of aluminum products. It offers aluminum profiles, high-precision aluminum plates, strips, foils and other products. The products of the company are sold in China and overseas markets including North America, Europe, Africa, Australia and Southeast Asia.

Executives

Song Jian Bo	Director
Han Pei Bin	Supervisors
Han Yan Hong	senior management
Cheng Ren Ce	Director

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