Xinxiang Chemical Fibre Co (SZSE:000949) Interest Expense : ¥-138 Mil (TTM As of Mar. 2024)

View and export this data going back to 1999. Start your Free Trial

What is Xinxiang Chemical Fibre Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Xinxiang Chemical Fibre Co's interest expense for the three months ended in Mar. 2024 was ¥ -33 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-138 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. Xinxiang Chemical Fibre Co's Operating Income for the three months ended in Mar. 2024 was ¥ 111 Mil. Xinxiang Chemical Fibre Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -33 Mil. Xinxiang Chemical Fibre Co's Interest Coverage for the quarter that ended in Mar. 2024 was 3.36. 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.

Xinxiang Chemical Fibre Co Interest Expense Historical Data

The historical data trend for Xinxiang Chemical Fibre 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.

Xinxiang Chemical Fibre Co Interest Expense Chart

Xinxiang Chemical Fibre Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-129.83

-152.99

-158.68

-138.15

-138.61

Xinxiang Chemical Fibre 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															-33.24	-34.52	-30.85	-40.01	-33.12

Xinxiang Chemical Fibre 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 ¥-138 Mil.

Xinxiang Chemical Fibre Co (SZSE:000949) 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.

Xinxiang Chemical Fibre Co's Interest Expense for the three months ended in Mar. 2024 was ¥-33 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥111 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥2,624 Mil.

Xinxiang Chemical Fibre 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	*	111.394	/	-33.122
	=	3.36

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. Xinxiang Chemical Fibre Co Ltd interest coverage is 1.59, which is low.

Xinxiang Chemical Fibre Co (SZSE:000949) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xinxiang Chemical Fibre Co Ltd (SZSE:000949) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

South side of Xinchang Road, Economic and Technological Development Zone, Henan, Xinxiang, CHN, 453006

Website

http://www.bailu.com

Xinxiang Chemical Fibre Co Ltd specializes in producing chemical fiber textile raw materials in China. Their main products are centrifugal viscose rayon filament yarn, continuous viscose rayon filament yarn, viscose staple fiber, and polyester. The company's products are not only sold in the Chinese market but also exported to more than 30 countries and regions such as Germany, Italy, Japan, South Korea and India.

Executives

Zhu Xue Xin	Supervisors
Chen Xi An	Executives
Lu Wei	Executives
Zhang Jia Qi	Directors, executives
Wang Wen Xin	Director
Shao Zhang Jin	Director
Ji Yu Dong	Directors, executives
Feng Li Ping	Executives
Yue Sheng Li	Director
Zhou Xue Li	Executives
Song De Shun	Executives
Cao Jun You	Executives
Xiao Shu Bin	Director
Zhou Jian Hua	Supervisors
Jia Bao Liang	Directors, executives

Xinxiang Chemical Fibre Co (SZSE:000949) Headlines

No Headlines