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Longjian Road & Bridge Co (SHSE:600853) Interest Expense : ¥-614 Mil (TTM As of Mar. 2024)


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What is Longjian Road & Bridge Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Longjian Road & Bridge Co's interest expense for the three months ended in Mar. 2024 was ¥ -163 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-614 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. Longjian Road & Bridge Co's Operating Income for the three months ended in Mar. 2024 was ¥ 92 Mil. Longjian Road & Bridge Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -163 Mil. Longjian Road & Bridge Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.56. 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.

Longjian Road & Bridge Co Interest Expense Historical Data

The historical data trend for Longjian Road & Bridge 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.

Longjian Road & Bridge Co Interest Expense Chart

Longjian Road & Bridge 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 -289.47 -235.87 -0.20 -666.42 -611.72

Longjian Road & Bridge 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 -160.64 -150.32 -157.84 -142.93 -163.21

Longjian Road & Bridge 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 ¥-614 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.

Longjian Road & Bridge Co  (SHSE:600853) 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.

Longjian Road & Bridge Co's Interest Expense for the three months ended in Mar. 2024 was ¥-163 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥92 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥8,555 Mil.

Longjian Road & Bridge 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*91.69/-163.206
=0.56

* 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. Longjian Road & Bridge Co Ltd interest coverage is 1.39, which is low.

Longjian Road & Bridge Co (SHSE:600853) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Longjian Road & Bridge Co Ltd (SHSE:600853) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 368, Changjiang Road, Nangang District, Heilongjiang Province, Harbin, CHN, 150009
Website
http://www.longjianlq.com
Longjian Road & Bridge Co Ltd is engaged in road and bridge construction. It is also involved in other businesses such as e-commerce platform for green and organic food, green energy resources, investment and trade, financial services, and others. The company's main business comprises of Road Engineering, Bridge Engineering, Municipal Engineering, Tunnel Engineering, Metro Engineering, Engineering Design, and Overseas Business. It provides its construction services to Bangladesh, Sudan, Kenya, Sri Lanka, India, Ethiopia, Surinam, Ghana, Uganda, Mongolia, and other countries.

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