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Jiangsu Eastern Shenghong Co (SZSE:000301) Interest Expense : ¥-4,942 Mil (TTM As of Sep. 2024)


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What is Jiangsu Eastern Shenghong Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangsu Eastern Shenghong Co's interest expense for the three months ended in Sep. 2024 was ¥ -1,240 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-4,942 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 Eastern Shenghong Co's Operating Income for the three months ended in Sep. 2024 was ¥ -828 Mil. Jiangsu Eastern Shenghong Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -1,240 Mil. Jiangsu Eastern Shenghong Co did not have earnings to cover the interest expense. 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 Eastern Shenghong Co Interest Expense Historical Data

The historical data trend for Jiangsu Eastern Shenghong 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.

Jiangsu Eastern Shenghong Co Interest Expense Chart

Jiangsu Eastern Shenghong Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -465.42 -522.52 -1,163.78 -2,076.08 -3,587.81

Jiangsu Eastern Shenghong Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -1,026.92 -1,234.42 -1,230.40 -1,237.55 -1,239.85

Jiangsu Eastern Shenghong 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-4,942 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.


Jiangsu Eastern Shenghong Co  (SZSE:000301) 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.

Jiangsu Eastern Shenghong Co's Interest Expense for the three months ended in Sep. 2024 was ¥-1,240 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥-828 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥75,973 Mil.

Jiangsu Eastern Shenghong Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Jiangsu Eastern Shenghong Co did not have earnings to cover the interest expense.

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Jiangsu Eastern Shenghong Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.


Jiangsu Eastern Shenghong Co Business Description

Traded in Other Exchanges
N/A
Address
No.73, East Market Road, Shengze Town, Wujiang District, Jiangsu, Suzhou, CHN, 215228
Jiangsu Eastern Shenghong Co Ltd is primarily engaged in the manufacture of textiles. Its main products include textile raw materials, knitting textiles, dyed and printed silk and chemical fiber textiles. The company specializes in the research, development, production, and sales of civilian polyester filament products.
Executives
Qiu Hai Rong Directors, executives
Ni Gen Yuan Supervisors
Wang Jun Directors, executives
Ji Gao Xiong Directors, executives
Wang Ning Supervisors
Shi Bin Feng Director
Chen Tan Supervisors
Zhang Yun Xia Supervisors

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