Shanghai Ziyan Foods Co (SHSE:603057) Interest Expense : ¥-3 Mil (TTM As of Jun. 2024)

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What is Shanghai Ziyan Foods Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Ziyan Foods Co's interest expense for the three months ended in Jun. 2024 was ¥ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ¥-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. Shanghai Ziyan Foods Co's Operating Income for the three months ended in Jun. 2024 was ¥ 181 Mil. Shanghai Ziyan Foods Co's Interest Expense for the three months ended in Jun. 2024 was ¥ -2 Mil. Shanghai Ziyan Foods Co's Interest Coverage for the quarter that ended in Jun. 2024 was 120.96. 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 Ziyan Foods Co Interest Expense Historical Data

The historical data trend for Shanghai Ziyan Foods 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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Shanghai Ziyan Foods Co Interest Expense Chart

Shanghai Ziyan Foods Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-9.96

-9.05

-5.83

-3.17

-2.76

Shanghai Ziyan Foods Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial											-	-1.10	-0.51	-0.34	-1.50

Shanghai Ziyan Foods 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-3 Mil.

Shanghai Ziyan Foods Co (SHSE:603057) 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 Ziyan Foods Co's Interest Expense for the three months ended in Jun. 2024 was ¥-2 Mil. Its Operating Income for the three months ended in Jun. 2024 was ¥181 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ¥65 Mil.

Shanghai Ziyan Foods Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	181.444	/	-1.5
	=	120.96

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Shanghai Ziyan Foods Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Shanghai Ziyan Foods Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Shanghai Ziyan Foods Co Ltd (SHSE:603057) » Definitions » Interest Expense

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Address

No. 215, Shennan Road, Minhang District, Shanghai, CHN, 201108

Website

https://www.ziyanfoods.com

Shanghai Ziyan Foods Co Ltd is engaged in the research and development, production and sales of braised food.

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