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Huafon Chemical Co (SZSE:002064) Interest Expense : ¥-175 Mil (TTM As of Mar. 2024)


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What is Huafon Chemical Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Huafon Chemical Co's interest expense for the three months ended in Mar. 2024 was ¥ -49 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-175 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. Huafon Chemical Co's Operating Income for the three months ended in Mar. 2024 was ¥ 751 Mil. Huafon Chemical Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -49 Mil. Huafon Chemical Co's Interest Coverage for the quarter that ended in Mar. 2024 was 15.45. 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.

Huafon Chemical Co Interest Expense Historical Data

The historical data trend for Huafon Chemical 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.

Huafon Chemical Co Interest Expense Chart

Huafon Chemical 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 -161.53 -93.86 -137.07 -140.66 -166.43

Huafon Chemical 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 -39.85 -55.07 -37.57 -33.94 -48.64

Huafon Chemical 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 ¥-175 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.

Huafon Chemical Co  (SZSE:002064) 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.

Huafon Chemical Co's Interest Expense for the three months ended in Mar. 2024 was ¥-49 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥751 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥475 Mil.

Huafon Chemical 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*751.185/-48.636
=15.45

* 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.

Huafon Chemical Co (SZSE:002064) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Huafon Chemical Co Ltd (SZSE:002064) » Definitions » Interest Expense
Comparable Companies
SZSE:002709 SZSE:300919 SHSE:603659 SHSE:600873 SZSE:000831 SHSE:688363 SZSE:000703 SHSE:603737 SZSE:002601 SHSE:600884 LIN XPAR:AI SHW ECL APD XSWX:SIKA ISX:TPIA XSWX:GIVN SHSE:600309 DD
Traded in Other Exchanges
N/A
Address
Xincheng Town Industrial Park, Zhejiang Province, Ruian, CHN, 325200
Website
http://www.spandex.com.cn
Huafon Chemical Co Ltd is a China-based company engaged in the production sales of spandex fiber, polyurethane stock solution and refined adipic acid.
Executives
Li Yi Lun Secretary, Director
Pan Ji Chu Directors, executives
Yu Zhi Li Executives
Xu Ning Executives
Xi Qing Executives
You Xiao Ping Director
Xu Shu Yuan Executives
Lin Jian Yi Director
Zhuo Rui Mian Supervisors
Chen Lin Zhen Director
You Jin Ming Supervisors
Yang Qing Wen Director
Yang Cong Deng Directors, executives
Duan Wei Dong Supervisors

Huafon Chemical Co (SZSE:002064) Headlines

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