Jiangsu Alcha Aluminium Group Co (SZSE:002160) Interest Expense : ¥-113 Mil (TTM As of Mar. 2024)

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What is Jiangsu Alcha Aluminium Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangsu Alcha Aluminium Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-113 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 Alcha Aluminium Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 4 Mil. Jiangsu Alcha Aluminium Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -28 Mil. Jiangsu Alcha Aluminium Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.16. 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 Alcha Aluminium Group Co Interest Expense Historical Data

The historical data trend for Jiangsu Alcha Aluminium Group 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.

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Jiangsu Alcha Aluminium Group Co Interest Expense Chart

Jiangsu Alcha Aluminium Group Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-141.59

-110.69

-113.86

-138.83

-115.67

Jiangsu Alcha Aluminium Group 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															-29.87	-28.09	-28.15	-29.56	-27.60

Jiangsu Alcha Aluminium Group 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 ¥-113 Mil.

Jiangsu Alcha Aluminium Group Co (SZSE:002160) 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.

Jiangsu Alcha Aluminium Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-28 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥1,389 Mil.

Jiangsu Alcha Aluminium Group 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	*	4.295	/	-27.603
	=	0.16

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. Jiangsu Alcha Aluminium Group Co Ltd interest coverage is 1.21, which is low.

Jiangsu Alcha Aluminium Group Co (SZSE:002160) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jiangsu Alcha Aluminium Group Co Ltd (SZSE:002160) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

West Baimao, Guli Town, Jiangsu, Changshu, CHN, 215532

Website

http://www.alcha.com

Jiangsu Alcha Aluminium Group Co Ltd engages in the research and development, production, processing, and sale of aluminum foils, coated aluminum foils for an air conditioner, and aluminum strips and plates in China and internationally. Some of its products include fin stock for an air conditioner, aluminum non-clad and clad materials for a heat exchanger of an automobile, PS plates, blind stock and aluminum alloy sheets.

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