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Hongda Xingye Co (SZSE:002002) Interest Expense : ¥-206 Mil (TTM As of Sep. 2023)


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What is Hongda Xingye Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hongda Xingye Co's interest expense for the three months ended in Sep. 2023 was ¥ -66 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ¥-206 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. Hongda Xingye Co's Operating Income for the three months ended in Sep. 2023 was ¥ -279 Mil. Hongda Xingye Co's Interest Expense for the three months ended in Sep. 2023 was ¥ -66 Mil. Hongda Xingye 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.

Hongda Xingye Co Interest Expense Historical Data

The historical data trend for Hongda Xingye 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.

Hongda Xingye Co Interest Expense Chart

Hongda Xingye Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -347.20 -323.54 -294.29 -413.51 -311.06

Hongda Xingye Co 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 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 -166.40 -23.20 -63.32 -54.00 -65.85

Hongda Xingye 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-206 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.

Hongda Xingye Co  (SZSE:002002) 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.

Hongda Xingye Co's Interest Expense for the three months ended in Sep. 2023 was ¥-66 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 ¥291 Mil.

Hongda Xingye Co's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Hongda Xingye 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.

Hongda Xingye Co (SZSE:002002) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hongda Xingye Co Ltd (SZSE:002002) » Definitions » Interest Expense
Comparable Companies
SZSE:300980 SZSE:300243 SHSE:603172 SZSE:002809 SZSE:300658 SZSE:300731 SZSE:300721 SZSE:300922 BJSE:873001 SHSE:688669 LIN XPAR:AI SHW ECL APD XSWX:SIKA XSWX:GIVN BOM:500820 PPG SHSE:600309
Traded in Other Exchanges
N/A
Address
No.1 Guangzhou Circle Road, Guangzhou Circle, 28th Floor, Guangzhou, CHN, 510385
Website
http://www.002002.cn
Hongda Xingye Co Ltd is a Chinese chemical resource company. It is engaged in the manufacture and sale of chemical products. The business areas of the company are New materials, Environmental protection, and Electronic trading. It offers products like soil conditioner, desulfurizer; environmental modification engineering services such as soil remediation, desulfuration, and denitration; PVC new materials like PVC, modified PVC, PVC building formwork, PVC pharmaceutical packaging material, PVC ecological houses; rare earth new materials such as rare earth heat stabilizer and rare earth catalyst. In addition, the company also provide services of the business to business e-commerce, comprehensive logistics, technical support for large spot industrial raw materials.
Executives
Chen Yong Supervisors
Liao Rui Hao Independent director
Zhou Yi Feng Directors, executives
Lin Shao Han Secretary, Director
Liu Dong Sheng Independent director
Wang Yu Yue Directors, executives
Yu Jing Securities Affairs Representative
Huang Ze Jun Executives
Ni Bao Zhu Executives
Fan Yu Ren Director

Hongda Xingye Co (SZSE:002002) Headlines

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