China Tianying (SZSE:000035) Interest Expense : ¥-303 Mil (TTM As of Sep. 2023)

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What is China Tianying Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Tianying's interest expense for the three months ended in Sep. 2023 was ¥ -89 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ¥-303 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. China Tianying's Operating Income for the three months ended in Sep. 2023 was ¥ 279 Mil. China Tianying's Interest Expense for the three months ended in Sep. 2023 was ¥ -89 Mil. China Tianying's Interest Coverage for the quarter that ended in Sep. 2023 was 3.12. 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.

China Tianying Interest Expense Historical Data

The historical data trend for China Tianying'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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China Tianying Interest Expense Chart

China Tianying Annual Data

Trend

Dec13

Dec14

Dec15

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Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-130.20

-478.52

-884.57

-756.95

-251.00

China Tianying Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-81.47	-59.21	-84.03	-70.70	-89.19

China Tianying 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-303 Mil.

China Tianying (SZSE:000035) 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.

China Tianying's Interest Expense for the three months ended in Sep. 2023 was ¥-89 Mil. Its Operating Income for the three months ended in Sep. 2023 was ¥279 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was ¥4,714 Mil.

China Tianying's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	278.707	/	-89.187
	=	3.12

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. China Tianying Inc interest coverage is 3.59, which is low.

China Tianying (SZSE:000035) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » China Tianying Inc (SZSE:000035) » Definitions » Interest Expense

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Address

No.1535,Hongmei Road, Build 2,Xinglian TehBuilding, Xuhui District, Shanghai, CHN

Website

http://www.ctyi.net

China Tianying Inc is an environmental protection and new energy enterprise. The company is engaged in the investment, build, operation and maintenance of MSW incineration power generation and steam manufacture, sludge treatment, food waste treatment, hazardous waste treatment, construction waste treatment, wastewater treatment and others.

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