Jiangsu Yanghe Distillery Co (SZSE:002304) Interest Expense : ¥-7 Mil (TTM As of Sep. 2024)

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What is Jiangsu Yanghe Distillery Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangsu Yanghe Distillery Co's interest expense for the three months ended in Sep. 2024 was ¥ 2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-7 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 Yanghe Distillery Co's Operating Income for the three months ended in Sep. 2024 was ¥ 493 Mil. Jiangsu Yanghe Distillery Co's Interest Expense for the three months ended in Sep. 2024 was ¥ 2 Mil. Jiangsu Yanghe Distillery 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 Yanghe Distillery Co Interest Expense Historical Data

The historical data trend for Jiangsu Yanghe Distillery 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 Yanghe Distillery Co Interest Expense Chart

Jiangsu Yanghe Distillery Co Annual Data

Trend

Dec14

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Dec18

Dec19

Dec20

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Dec22

Dec23

Interest Expense

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-0.60

-0.69

-5.36

Jiangsu Yanghe Distillery 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															-0.13	-4.80	-0.65	-3.54	2.01

Jiangsu Yanghe Distillery 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 ¥-7 Mil.

Jiangsu Yanghe Distillery Co (SZSE:002304) 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 Yanghe Distillery Co's Interest Expense for the three months ended in Sep. 2024 was ¥2 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥493 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥42 Mil.

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

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Jiangsu Yanghe Distillery Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Jiangsu Yanghe Distillery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Jiangsu Yanghe Distillery Co Ltd (SZSE:002304) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 118 Middle Avenue, Yanghe Town, Jiangsu Province, Suqian, CHN, 223800

Website

https://www.chinayanghe.com

Jiangsu Yanghe Brewery, founded in 2002, manufactures and markets baijiu (a distilled Chinese liquor) under the Yanghe, Shuanggou, and Sujiu brands. Yanghe's key products include the Blue Classic series, which accounted for about 80% of total sales, such as premium Dream Blue, mid- to high-end Sky Blue, and mass-market Ocean Blue. The company achieved revenue of CNY 33 billion in 2023, with more than half of sales from the non-Jiangsu market, leveraging its more than 8,000 distributors across China.

Executives

Zheng Bu Jun	Executives
Wang Kai	Director
Cong Xue Nian	Directors, Directors, and Executives
Zhou Xin Hu	Directors, executives
Zhu Wei	Executives
Wang Yao	Director
Zhou Wen Qi	Supervisors
Han Feng	Director
Zan Rui Lin	Director
Feng Pan Tai	Supervisors
Chen Tai Qing	Supervisors
Zhu Guang Sheng	Directors, executives
Zan Sheng Da	Director
Gao Xue Fei	Supervisors
Zhang Yu Bai	Directors, executives

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