Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) Interest Expense : ¥-5.3 Mil (TTM As of Mar. 2024)

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What is Shanghai SK Petroleum & Chemical Equipment Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai SK Petroleum & Chemical Equipment's interest expense for the three months ended in Mar. 2024 was ¥ -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-5.3 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. Shanghai SK Petroleum & Chemical Equipment's Operating Income for the three months ended in Mar. 2024 was ¥ -2.1 Mil. Shanghai SK Petroleum & Chemical Equipment's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.8 Mil. Shanghai SK Petroleum & Chemical Equipment 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.

Shanghai SK Petroleum & Chemical Equipment Interest Expense Historical Data

The historical data trend for Shanghai SK Petroleum & Chemical Equipment'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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Shanghai SK Petroleum & Chemical Equipment Interest Expense Chart

Shanghai SK Petroleum & Chemical Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.40

-2.70

-3.07

-5.98

-5.97

Shanghai SK Petroleum & Chemical Equipment 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															-1.41	-1.15	-1.50	-1.90	-0.77

Shanghai SK Petroleum & Chemical Equipment 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 ¥-5.3 Mil.

Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) 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.

Shanghai SK Petroleum & Chemical Equipment's Interest Expense for the three months ended in Mar. 2024 was ¥-0.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-2.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥35.5 Mil.

Shanghai SK Petroleum & Chemical Equipment's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Shanghai SK Petroleum & Chemical Equipment did not have earnings to cover the interest expense.

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

Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai SK Petroleum & Chemical Equipment Corp Ltd (SZSE:002278) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1769 Puxing Highway, Pujiang Town, Minhang District, Shanghai, Shanghai, CHN, 201114

Website

http://www.shenkai.com

Shanghai SK Petroleum & Chemical Equipment Corp Ltd is engaged in research and development and manufacturing of petrochemical equipment and engineering technology services. The products of the company include well control equipment, wellhead equipment, drilling and mining accessories, drilling instruments, oil analyzers, blowout preventers, and oil and mining drill bits.

Executives

Li Fang Ying	Director
Zhang Guan Jun	Independent director
Tang Wei Min	Executives
Jiang Gan Hong	Supervisors
Zhao Xin Yi	Executives
Gu Cheng Yu	Directors, executives
Huang Jia Liu	Director
Wang Xiang Wei	Director
Kou Yu Ting	Directors, executives
Gu Bing	Directors, Directors, and Executives
Yuan Jian Xin	Director
Wang Min	Executives
Chen Zhi Min	Supervisors
Gu Zheng	Director
Hu Shou Jun	Independent director

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