Mudanjiang Hengfeng Paper Co (SHSE:600356) Interest Expense : ¥-14 Mil (TTM As of Mar. 2024)

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What is Mudanjiang Hengfeng Paper Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mudanjiang Hengfeng Paper Co's interest expense for the three months ended in Mar. 2024 was ¥ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-14 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. Mudanjiang Hengfeng Paper Co's Operating Income for the three months ended in Mar. 2024 was ¥ 37 Mil. Mudanjiang Hengfeng Paper Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -4 Mil. Mudanjiang Hengfeng Paper Co's Interest Coverage for the quarter that ended in Mar. 2024 was 9.32. 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.

Mudanjiang Hengfeng Paper Co Interest Expense Historical Data

The historical data trend for Mudanjiang Hengfeng Paper 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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Mudanjiang Hengfeng Paper Co Interest Expense Chart

Mudanjiang Hengfeng Paper Co Annual Data

Trend

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Dec23

Interest Expense

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-20.63

-17.80

-13.33

-15.39

-13.96

Mudanjiang Hengfeng Paper 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															-3.50	-3.43	-3.63	-3.41	-4.00

Mudanjiang Hengfeng Paper 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 ¥-14 Mil.

Mudanjiang Hengfeng Paper Co (SHSE:600356) 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.

Mudanjiang Hengfeng Paper Co's Interest Expense for the three months ended in Mar. 2024 was ¥-4 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥37 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥44 Mil.

Mudanjiang Hengfeng Paper 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	*	37.274	/	-4
	=	9.32

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

Mudanjiang Hengfeng Paper Co (SHSE:600356) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Mudanjiang Hengfeng Paper Co Ltd (SHSE:600356) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 11 Hengfeng Road, Yangming District, Heilongjiang Province, Mudanjiang, CHN, 157013

Website

http://www.hengfengpaper.com

Mudanjiang Hengfeng Paper Co Ltd manufactures cigarette-related papers in China. Its main products include cigarette paper, plug wrap paper, aluminum foil backing paper, tipping base paper and over a hundred types of industrial specialty paper.

Executives

Xu Xiang

Director

Mudanjiang Hengfeng Paper Co (SHSE:600356) Headlines

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