GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Haihua Co Ltd (SZSE:000822) » Definitions » Interest Expense

Shandong Haihua Co (SZSE:000822) Interest Expense : ¥-14 Mil (TTM As of Mar. 2024)


View and export this data going back to 1998. Start your Free Trial

What is Shandong Haihua Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shandong Haihua 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 ¥-14 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. Shandong Haihua Co's Operating Income for the three months ended in Mar. 2024 was ¥ 205 Mil. Shandong Haihua Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -3 Mil. Shandong Haihua Co's Interest Coverage for the quarter that ended in Mar. 2024 was 67.33. 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.

Shandong Haihua Co Interest Expense Historical Data

The historical data trend for Shandong Haihua 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.

Shandong Haihua Co Interest Expense Chart

Shandong Haihua 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 -0.02 -0.02 -0.78 -12.42 -12.18

Shandong Haihua Co Quarterly Data
Jun19 Sep19 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 -1.33 -2.21 -2.27 -6.37 -3.05

Shandong Haihua 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 ¥-14 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.

Shandong Haihua Co  (SZSE:000822) 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.

Shandong Haihua 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 ¥205 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥412 Mil.

Shandong Haihua 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*205.291/-3.049
=67.33

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Shandong Haihua Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Shandong Haihua Co (SZSE:000822) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Haihua Co Ltd (SZSE:000822) » Definitions » Interest Expense
Comparable Companies
SHSE:688707 SZSE:300343 SHSE:605376 SZSE:000936 SHSE:603067 SZSE:000949 SHSE:603113 SZSE:002246 SHSE:600589 SZSE:300233 TSE:4063 SAU:2010 XTER:BAS DOW XKRX:051910 SHSE:600989 CE SZSE:002493 TSE:4091 XKLS:5183
Traded in Other Exchanges
N/A
Address
Haihua Street, Binhai Economic Development Zone, Hanting District, Shandong, Weifang, CHN, 262737
Website
http://www.chinahaihua.com
Shandong Haihua Co Ltd develops and manufactures ocean chemical and petrochemical industrial products. The products offered by the group includes pure soda ashes, polyvinyl chloride (PVC), caustic soda, sodium nitrate, sodium nitrite, and bromine. Geographically, the activities are carried out through the region of China.
Executives
Fang Yong Director
Wang Yong Zhi Directors, executives
Song Jun Rong Supervisors
Ding Hong Yu Supervisors
Wang Zhen Ping Executives
Chen Feng Guang Executives
Xing Le Cheng Director

Shandong Haihua Co (SZSE:000822) Headlines

No Headlines