Shanghai Huayi Group (SHSE:600623) Interest Expense : ¥-340 Mil (TTM As of Mar. 2024)

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What is Shanghai Huayi Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Huayi Group's interest expense for the three months ended in Mar. 2024 was ¥ -104 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-340 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. Shanghai Huayi Group's Operating Income for the three months ended in Mar. 2024 was ¥ 350 Mil. Shanghai Huayi Group's Interest Expense for the three months ended in Mar. 2024 was ¥ -104 Mil. Shanghai Huayi Group's Interest Coverage for the quarter that ended in Mar. 2024 was 3.37. 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.

Shanghai Huayi Group Interest Expense Historical Data

The historical data trend for Shanghai Huayi Group'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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Shanghai Huayi Group Interest Expense Chart

Shanghai Huayi Group Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-471.96

-303.04

-241.60

-233.01

-284.21

Shanghai Huayi Group 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															-48.36	-70.47	-47.67	-117.72	-103.77

Shanghai Huayi Group 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 ¥-340 Mil.

Shanghai Huayi Group (SHSE:600623) 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.

Shanghai Huayi Group's Interest Expense for the three months ended in Mar. 2024 was ¥-104 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥350 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥7,517 Mil.

Shanghai Huayi Group'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	*	350.16	/	-103.765
	=	3.37

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

Shanghai Huayi Group (SHSE:600623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Huayi Group Corp Ltd (SHSE:600623) » Definitions » Interest Expense

Traded in Other Exchanges

900909:China

Address

809 Changde Road, Huayi Group Building, Jing'an District, Shanghai, CHN, 200040

Website

http://www.shhuayi.com

Shanghai Huayi Group Corp Ltd is a chemical company. Its products include methanol, carbon monoxide, syngas and sulfuric acid and other chemical products.

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