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Xinjiang Ba Yi Iron & Steel Co (SHSE:600581) Interest Expense : ¥-627 Mil (TTM As of Mar. 2024)


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What is Xinjiang Ba Yi Iron & Steel Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Xinjiang Ba Yi Iron & Steel Co's interest expense for the three months ended in Mar. 2024 was ¥ -166 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-627 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. Xinjiang Ba Yi Iron & Steel Co's Operating Income for the three months ended in Mar. 2024 was ¥ -167 Mil. Xinjiang Ba Yi Iron & Steel Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -166 Mil. Xinjiang Ba Yi Iron & Steel 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.


Xinjiang Ba Yi Iron & Steel Co Interest Expense Historical Data

The historical data trend for Xinjiang Ba Yi Iron & Steel 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.

Xinjiang Ba Yi Iron & Steel Co Interest Expense Chart

Xinjiang Ba Yi Iron & Steel 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 -265.64 -270.20 -319.48 -521.50 -609.23

Xinjiang Ba Yi Iron & Steel 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 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 -147.88 -20.78 -242.27 -198.31 -165.98

Xinjiang Ba Yi Iron & Steel 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 ¥-627 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.


Xinjiang Ba Yi Iron & Steel Co  (SHSE:600581) 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.

Xinjiang Ba Yi Iron & Steel Co's Interest Expense for the three months ended in Mar. 2024 was ¥-166 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-167 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥2,661 Mil.

Xinjiang Ba Yi Iron & Steel Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Xinjiang Ba Yi Iron & Steel 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.


Xinjiang Ba Yi Iron & Steel Co (SHSE:600581) Business Description

Traded in Other Exchanges
N/A
Address
Xingang Road, Toutunhe District, Urumqi, Xinjiang, CHN, 830022
Xinjiang Ba Yi Iron & Steel Co Ltd is a Chinese company operating in the ferrous metal smelting and rolling processing industry. It comprises a set of production processes ranging from mining, mineral separation, sintering and coking to ironmaking, steelmaking, and steel rolling. The company's product folio includes Carbon steel products such as bars, heavy plate, HR steel sheet, wire rod, pipe tubes, Stainless steel products, Special steel products like die steel products, bearing steel, transportation steel, alloys for aviation and aerospace, and other products.
Executives
Ke Shan Liang Director
Fan Guo Kang senior management
Wu Bin Director
Zhang Zhi Gang Director

Xinjiang Ba Yi Iron & Steel Co (SHSE:600581) Headlines

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