Chongqing Zhengchuan Pharmaceutical Packaging Co (SHSE:603976) Interest Expense : ¥-21.3 Mil (TTM As of Mar. 2024)

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What is Chongqing Zhengchuan Pharmaceutical Packaging Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chongqing Zhengchuan Pharmaceutical Packaging Co's interest expense for the three months ended in Mar. 2024 was ¥ -5.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-21.3 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. Chongqing Zhengchuan Pharmaceutical Packaging Co's Operating Income for the three months ended in Mar. 2024 was ¥ 36.3 Mil. Chongqing Zhengchuan Pharmaceutical Packaging Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -5.2 Mil. Chongqing Zhengchuan Pharmaceutical Packaging Co's Interest Coverage for the quarter that ended in Mar. 2024 was 6.95. 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.

Chongqing Zhengchuan Pharmaceutical Packaging Co Interest Expense Historical Data

The historical data trend for Chongqing Zhengchuan Pharmaceutical Packaging 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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Chongqing Zhengchuan Pharmaceutical Packaging Co Interest Expense Chart

Chongqing Zhengchuan Pharmaceutical Packaging Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.21

-0.29

-13.08

-19.61

-21.26

Chongqing Zhengchuan Pharmaceutical Packaging 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															-5.20	-5.33	-5.38	-5.35	-5.22

Chongqing Zhengchuan Pharmaceutical Packaging 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 ¥-21.3 Mil.

Chongqing Zhengchuan Pharmaceutical Packaging Co (SHSE:603976) 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.

Chongqing Zhengchuan Pharmaceutical Packaging Co's Interest Expense for the three months ended in Mar. 2024 was ¥-5.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥36.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥421.3 Mil.

Chongqing Zhengchuan Pharmaceutical Packaging 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	*	36.253	/	-5.216
	=	6.95

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

Chongqing Zhengchuan Pharmaceutical Packaging Co (SHSE:603976) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Chongqing Zhengchuan Pharmaceutical Packaging Co Ltd (SHSE:603976) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Longfeng bridge Street, Zhengchuan glass industrial park, Beibei District, Chongqing, CHN, 400700

Website

http://www.cqzcjt.com

Chongqing Zhengchuan Pharmaceutical Packaging Co Ltd is a China-based company engages in the research, development, production, and sale of medicinal packaging materials such as medicinal glass tubes. It manufactures colorless and brown glass tubular injection bottles, oral liquid bottles, regulation glass tube screw mouth bottle, and ampoules.

Executives

Qin Feng	Director
Xiao Qing	Director
Sun Lian Yun	Director
Jiang Feng An	Director
Fan Yong	Director
Li Zheng De	Director
Deng Bu Jian	Director
Deng Yong	Director
Deng Bu Lin	Director

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