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Tongwei Co (SHSE:600438) Interest Expense : ¥-587 Mil (TTM As of Sep. 2024)


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What is Tongwei Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tongwei Co's interest expense for the three months ended in Sep. 2024 was ¥ -652 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-587 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. Tongwei Co's Operating Income for the three months ended in Sep. 2024 was ¥ -31 Mil. Tongwei Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -652 Mil. Tongwei 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.

Tongwei Co Interest Expense Historical Data

The historical data trend for Tongwei 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.

Tongwei Co Interest Expense Chart

Tongwei 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 -605.99 -521.59 -469.39 -13.21 -109.04

Tongwei 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 -425.35 956.92 -397.56 -493.91 -651.98

Tongwei 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 ¥-587 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.

Tongwei Co  (SHSE:600438) 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.

Tongwei Co's Interest Expense for the three months ended in Sep. 2024 was ¥-652 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥-31 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥64,635 Mil.

Tongwei Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Tongwei 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. Tongwei Co Ltd interest coverage is 1.99, which is low.

Tongwei Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tongwei Co Ltd (SHSE:600438) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 588, Middle Section Tianfu Avenue, High-Tech Zone, Tongwei International Center, Sichuan, Chengdu, CHN, 610041
Website
http://www.tongwei.com.cn
Tongwei is the largest polysilicon producer in the world. It produced 389 thousand metric tons of polysilicon in 2023, accounting for 27% of total production in China. Polysilicon contributed 32% of revenue and 65% of gross profit in 2023. Tongwei is also a global leading solar cell and module supplier.
Executives
Zhou Bin senior management
Xie Yi Director
Song Gang Jie senior management
Yang Shi Xian Supervisors
Shen Jin Zhu senior management
Duan Yong Director
Deng San Supervisors
Chen Ping Fu senior management
Zhang Lu senior management
Wang Shang Wen senior management
Guo Yi Zhong senior management
Yan Hu Director
Hong Rui senior management
Yuan Shi Hua senior management
Yan Bao Quan Supervisors

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