Nanjing Chemical Fibre Co (SHSE:600889) Interest Expense : ¥-7.3 Mil (TTM As of Mar. 2024)

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What is Nanjing Chemical Fibre Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nanjing Chemical Fibre Co's interest expense for the three months ended in Mar. 2024 was ¥ -1.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-7.3 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. Nanjing Chemical Fibre Co's Operating Income for the three months ended in Mar. 2024 was ¥ -33.0 Mil. Nanjing Chemical Fibre Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -1.8 Mil. Nanjing Chemical Fibre 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.

Nanjing Chemical Fibre Co Interest Expense Historical Data

The historical data trend for Nanjing Chemical Fibre 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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Nanjing Chemical Fibre Co Interest Expense Chart

Nanjing Chemical Fibre Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-0.40

-0.28

-3.24

-3.29

-6.09

Nanjing Chemical Fibre 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															-0.67	-2.68	-1.04	-1.72	-1.84

Nanjing Chemical Fibre 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 ¥-7.3 Mil.

Nanjing Chemical Fibre Co (SHSE:600889) 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.

Nanjing Chemical Fibre Co's Interest Expense for the three months ended in Mar. 2024 was ¥-1.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-33.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥242.2 Mil.

Nanjing Chemical Fibre Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Nanjing Chemical Fibre Co did not have earnings to cover the interest expense.

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

Nanjing Chemical Fibre Co (SHSE:600889) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nanjing Chemical Fibre Co Ltd (SHSE:600889) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 2, Yuzhuang Road, Xiongzhou Street, Liuhe District, Jiangsu, Nanjing, CHN, 211511

Website

http://www.ncfc.cn

Nanjing Chemical Fibre Co Ltd is a China-based company mainly engaged in the production and operation of viscose fiber and tap water. The company produces Jinling brand viscose fiber which is sold in China and exported to South Korea, Japan, Vietnam, Europe and the United States. Its water plant is located at Yanziji, Qixia District, Nanjing, and has a water supply capacity of approx. 150,000 tons/day. The company provides tap water service to enterprises in the economic and technological development zone and its surrounding factories and residential quarters.

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