Jiangsu Favored Nanotechnology Co (SHSE:688371) Interest Expense : ¥-0.3 Mil (TTM As of Mar. 2024)

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What is Jiangsu Favored Nanotechnology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangsu Favored Nanotechnology Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-0.3 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. Jiangsu Favored Nanotechnology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 1.2 Mil. Jiangsu Favored Nanotechnology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.1 Mil. Jiangsu Favored Nanotechnology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 23.26. 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.

Jiangsu Favored Nanotechnology Co Interest Expense Historical Data

The historical data trend for Jiangsu Favored Nanotechnology 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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Jiangsu Favored Nanotechnology Co Interest Expense Chart

Jiangsu Favored Nanotechnology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.26

-2.34

-3.71

-5.03

-0.33

Jiangsu Favored Nanotechnology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial											-0.10	-0.10	-0.08	-0.04	-0.05

Jiangsu Favored Nanotechnology 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 ¥-0.3 Mil.

Jiangsu Favored Nanotechnology Co (SHSE:688371) 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.

Jiangsu Favored Nanotechnology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥1.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥1.4 Mil.

Jiangsu Favored Nanotechnology 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	*	1.163	/	-0.05
	=	23.26

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

Jiangsu Favored Nanotechnology Co (SHSE:688371) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Favored Nanotechnology Co Ltd (SHSE:688371) » Definitions » Interest Expense

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Address

No. 182, East Ring Road, Yuqi Supporting Area, Huishan Economic Development Zone, Jiangsu Province, Wuxi, CHN, 214183

Website

https://www.favoredtech.com

Jiangsu Favored Nanotechnology Co Ltd is engaged in the development and preparation of high-performance, multifunctional nanofilms.

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