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Shaanxi Sirui Advanced Materials Co (SHSE:688102) Interest Expense : ¥-12 Mil (TTM As of Mar. 2024)


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What is Shaanxi Sirui Advanced Materials Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shaanxi Sirui Advanced Materials Co's interest expense for the three months ended in Mar. 2024 was ¥ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-12 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. Shaanxi Sirui Advanced Materials Co's Operating Income for the three months ended in Mar. 2024 was ¥ 35 Mil. Shaanxi Sirui Advanced Materials Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -3 Mil. Shaanxi Sirui Advanced Materials Co's Interest Coverage for the quarter that ended in Mar. 2024 was 11.20. 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.

Shaanxi Sirui Advanced Materials Co Interest Expense Historical Data

The historical data trend for Shaanxi Sirui Advanced Materials 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.

Shaanxi Sirui Advanced Materials Co Interest Expense Chart

Shaanxi Sirui Advanced Materials Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -13.77 -17.96 -14.36 -13.63 -10.95

Shaanxi Sirui Advanced Materials Co Quarterly Data
Dec17 Dec18 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 -2.34 -2.88 -2.69 -3.04 -3.15

Shaanxi Sirui Advanced Materials 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 ¥-12 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.

Shaanxi Sirui Advanced Materials Co  (SHSE:688102) 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.

Shaanxi Sirui Advanced Materials Co's Interest Expense for the three months ended in Mar. 2024 was ¥-3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥35 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥210 Mil.

Shaanxi Sirui Advanced Materials 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*35.325/-3.153
=11.20

* 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.

Shaanxi Sirui Advanced Materials Co (SHSE:688102) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shaanxi Sirui Advanced Materials Co Ltd (SHSE:688102) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 12, Zhangbaqi Road, High-tech Zone, Shaanxi Province, Xi'an, CHN, 710077
Website
https://www.sxsr.com
Shaanxi Sirui Advanced Materials Co Ltd focuses on the research and development and manufacture of high-performance copper alloy materials, products and other special copper alloy series materials.
Executives
Xu Run Sheng Director
Li Gang Director
Liang Jian Bin Director
Fan Min Director
Ma Guo Qing Director
Sun Jun Peng Director
Ren Lei Director
Wang Wan Gang Director
Wu Xu Hong Director
Wang Wen Bin Directors, senior managers, core technical personn
Yu Gao Feng Director
Zhang Hang Director
Sheng Qing Yi Director

Shaanxi Sirui Advanced Materials Co (SHSE:688102) Headlines

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