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Jiangsu Shagang Co (SZSE:002075) Interest Expense : ¥-145 Mil (TTM As of Sep. 2024)


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What is Jiangsu Shagang Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangsu Shagang Co's interest expense for the three months ended in Sep. 2024 was ¥ -48 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-145 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 Shagang Co's Operating Income for the three months ended in Sep. 2024 was ¥ -96 Mil. Jiangsu Shagang Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -48 Mil. Jiangsu Shagang 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 Shagang Co Interest Expense Historical Data

The historical data trend for Jiangsu Shagang 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 Shagang Co Interest Expense Chart

Jiangsu Shagang 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 -1.01 -25.64 -40.98 -47.52 -96.63

Jiangsu Shagang 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 -28.25 -28.16 -35.83 -32.74 -48.22

Jiangsu Shagang 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 ¥-145 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 Shagang Co  (SZSE:002075) 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 Shagang Co's Interest Expense for the three months ended in Sep. 2024 was ¥-48 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥-96 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥332 Mil.

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

Jiangsu Shagang 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.

Jiangsu Shagang Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu Shagang Co Ltd (SZSE:002075) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Jinfeng Town, Shagang Building, Jiangsu, Zhangjiagang, CHN, 215625
Website
http://www.sha-steel.com
Jiangsu Shagang Co Ltd is engaged in ferrous metal smelting and rolling processing of steel products. It can produce diameter 280-800mm continuous casting round billet, rolled product specifications cover 12-300mm round bar and up to 300mm x 110mm, 250mm x 110mm Flat steel, annual output of spring steel, bearing steel, ship anchor chain steel, alloy billet steel, automotive steel and other special steel 3.2 million tons, the products sell well at home and abroad, used in automobiles, railways, petroleum, marine, mining, Coal, energy, machinery manufacturing and other industries.
Executives
Gao Wen Ping Supervisors
Wang Zhen Lin Directors, executives
Nie Wei Supervisors
Di Ming Yong Supervisors
Li Jing Hua Director
Zhou Jian Qing Directors, executives
Guo Zhao Xiang Directors, executives
Xu Jun Executives

Jiangsu Shagang Co Headlines

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