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Guangdong Orient Zirconic Ind Sic & Tech Co (SZSE:002167) Interest Expense : ¥-33 Mil (TTM As of Mar. 2024)


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What is Guangdong Orient Zirconic Ind Sic & Tech Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Guangdong Orient Zirconic Ind Sic & Tech Co's interest expense for the three months ended in Mar. 2024 was ¥ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-33 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. Guangdong Orient Zirconic Ind Sic & Tech Co's Operating Income for the three months ended in Mar. 2024 was ¥ 12 Mil. Guangdong Orient Zirconic Ind Sic & Tech Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -7 Mil. Guangdong Orient Zirconic Ind Sic & Tech Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.62. 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.

Guangdong Orient Zirconic Ind Sic & Tech Co Interest Expense Historical Data

The historical data trend for Guangdong Orient Zirconic Ind Sic & Tech 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.

Guangdong Orient Zirconic Ind Sic & Tech Co Interest Expense Chart

Guangdong Orient Zirconic Ind Sic & Tech 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 -110.81 -73.15 -23.40 -17.75 -31.62

Guangdong Orient Zirconic Ind Sic & Tech 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 -6.26 -8.21 -8.62 -8.53 -7.23

Guangdong Orient Zirconic Ind Sic & Tech 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 ¥-33 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.

Guangdong Orient Zirconic Ind Sic & Tech Co  (SZSE:002167) 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.

Guangdong Orient Zirconic Ind Sic & Tech Co's Interest Expense for the three months ended in Mar. 2024 was ¥-7 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥12 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥216 Mil.

Guangdong Orient Zirconic Ind Sic & Tech 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*11.688/-7.231
=1.62

* 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.

Guangdong Orient Zirconic Ind Sic & Tech Co (SZSE:002167) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Orient Zirconic Ind Sic & Tech Co Ltd (SZSE:002167) » Definitions » Interest Expense
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SZSE:300343 SZSE:000936 SZSE:000949 SZSE:300233 SHSE:600589 SZSE:000822 SZSE:002088 SHSE:688707 SZSE:301069 SZSE:002125 TSE:4063 SAU:2010 XTER:BAS DOW XKRX:051910 CE SHSE:600989 SZSE:002493 TSE:4091 XKLS:5183
Traded in Other Exchanges
N/A
Address
Yutian Technical Park, Laimei Road, Shantou, Guangdong, CHN, 515821
Website
http://www.orientzr.com
Guangdong Orient Zirconic Ind Sic & Tech Co Ltd operates in the chemical industry. The company is specializing in the research, development, production, and operation of zirconium products. Its main products range include zirconium dioxide, zirconium oxychloride, composite zirconia, zirconium silicate, zirconium sponge and zirconium structural parts. The product applications include nuclear power, special ceramics, artificial gemstones, ceramic glazes and advanced refractory materials.

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