Longyan Kaolin Clay Co (SHSE:605086) Interest Expense : ¥-18.8 Mil (TTM As of Mar. 2024)

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What is Longyan Kaolin Clay Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Longyan Kaolin Clay Co's interest expense for the three months ended in Mar. 2024 was ¥ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-18.8 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. Longyan Kaolin Clay Co's Operating Income for the three months ended in Mar. 2024 was ¥ 25.8 Mil. Longyan Kaolin Clay Co's Interest Expense for the three months ended in Mar. 2024 was ¥ 0.0 Mil. Longyan Kaolin Clay Co has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Longyan Kaolin Clay Co Interest Expense Historical Data

The historical data trend for Longyan Kaolin Clay 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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Longyan Kaolin Clay Co Interest Expense Chart

Longyan Kaolin Clay Co Annual Data

Trend

Dec16

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Dec22

Dec23

Interest Expense

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-4.78

-0.70

-0.02

Longyan Kaolin Clay Co Quarterly Data
	Dec18	Jun19	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															-	-7.21	-	-11.62	-

Longyan Kaolin Clay 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 ¥-18.8 Mil.

Longyan Kaolin Clay Co (SHSE:605086) 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.

Longyan Kaolin Clay Co's Interest Expense for the three months ended in Mar. 2024 was ¥0.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥25.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0.0 Mil.

Longyan Kaolin Clay Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Longyan Kaolin Clay Co had no long-term debt ⁽¹⁾.

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

Longyan Kaolin Clay Co (SHSE:605086) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Longyan Kaolin Clay Co Ltd (SHSE:605086) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No.260 Longyan Avenue, Xibei Street, Floor 10-12, State-owned Building, Xinluo District, Fujian Province, Longyan, CHN, 364000

Website

http://www.longgaogf.com

Longyan Kaolin Clay Co Ltd is engaged in the selection, processing and sales of kaolin. The company's main products are kaolin ore, 325 mesh kaolin concentrate, super Longyan kaolin, and modified kaolin. The products have the characteristics of low iron, titanium and other harmful impurities, high firing whiteness, and good ceramic performance. It is widely used in daily ceramics, arts and crafts ceramics and high-end architectural ceramics.

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