Xinjiang Zhundong Petroleum Technology Co (SZSE:002207) Interest Expense : ¥-5.6 Mil (TTM As of Mar. 2024)

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What is Xinjiang Zhundong Petroleum Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Xinjiang Zhundong Petroleum Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -1.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-5.6 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. Xinjiang Zhundong Petroleum Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ -12.8 Mil. Xinjiang Zhundong Petroleum Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -1.2 Mil. Xinjiang Zhundong Petroleum Technology 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.

Xinjiang Zhundong Petroleum Technology Co Interest Expense Historical Data

The historical data trend for Xinjiang Zhundong Petroleum Technology 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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Xinjiang Zhundong Petroleum Technology Co Interest Expense Chart

Xinjiang Zhundong Petroleum Technology Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-10.97

-11.81

-2.46

-3.72

-5.63

Xinjiang Zhundong Petroleum Technology 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															-1.18	-1.27	-1.42	-1.76	-1.18

Xinjiang Zhundong Petroleum Technology 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 ¥-5.6 Mil.

Xinjiang Zhundong Petroleum Technology Co (SZSE:002207) 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.

Xinjiang Zhundong Petroleum Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-1.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-12.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥5.2 Mil.

Xinjiang Zhundong Petroleum Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Xinjiang Zhundong Petroleum Technology Co did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Xinjiang Zhundong Petroleum Technology Co (SZSE:002207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Xinjiang Zhundong Petroleum Technology Co Ltd (SZSE:002207) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

No. 251 Youyi Road, Xinjiang Uygur Autonomous Region, Karamay, CHN, 831511

Website

http://www.zygf.com.cn

Xinjiang Zhundong Petroleum Technology Co Ltd is engaged in providing oilfield dynamic monitoring and enhanced oil recovery technology services for oil and natural gas mining enterprises. The business of the company includes petroleum technology services, transportation services, and sales of chemical products. The services include well testing, production testing, water shutoff, profile control, and coiled tubing operations.

Executives

Lv Zhan Min	Directors, Directors, and Executives
Jian Wei	Directors, executives
Ai Ke Bai Er Mai Mai Ti	Supervisors
Zhao Shu Zhi	Supervisors
Shi Qiang	Executives
Gu Yu Rong	Independent director
Wang Yu Xin	Executives
Cao Hao	Director
Liu Jun	Supervisors
Zuo Jun	Supervisors
Ai Ke Bai Er Mai Mai Ti	Supervisors
Ding Hao	Supervisors
Xu Wen Shi	Executives
Chang Wen Jiu	Directors, executives
Tao Wei	Supervisors

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