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Zibo Qixiang Tengda Chemical Co (SZSE:002408) Interest Expense : ¥-341 Mil (TTM As of Mar. 2024)


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What is Zibo Qixiang Tengda Chemical Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zibo Qixiang Tengda Chemical Co's interest expense for the three months ended in Mar. 2024 was ¥ -61 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-341 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. Zibo Qixiang Tengda Chemical Co's Operating Income for the three months ended in Mar. 2024 was ¥ 58 Mil. Zibo Qixiang Tengda Chemical Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -61 Mil. Zibo Qixiang Tengda Chemical Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.95. 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.

Zibo Qixiang Tengda Chemical Co Interest Expense Historical Data

The historical data trend for Zibo Qixiang Tengda Chemical 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.

Zibo Qixiang Tengda Chemical Co Interest Expense Chart

Zibo Qixiang Tengda Chemical 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 -148.30 -183.04 -226.71 -248.97 -324.05

Zibo Qixiang Tengda Chemical 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 -44.74 -164.97 -83.68 -30.67 -61.20

Zibo Qixiang Tengda Chemical 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 ¥-341 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.

Zibo Qixiang Tengda Chemical Co  (SZSE:002408) 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.

Zibo Qixiang Tengda Chemical Co's Interest Expense for the three months ended in Mar. 2024 was ¥-61 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥58 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥2,693 Mil.

Zibo Qixiang Tengda Chemical 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*58.393/-61.2
=0.95

* 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.

Zibo Qixiang Tengda Chemical Co (SZSE:002408) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zibo Qixiang Tengda Chemical Co Ltd (SZSE:002408) » Definitions » Interest Expense
Comparable Companies
SZSE:002683 SZSE:002497 SHSE:688548 SZSE:301090 SZSE:300346 SZSE:002010 SZSE:300741 SHSE:688549 SHSE:601118 SZSE:301238 LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
Shandong Province Rubber Factory Road on the 1st, Linzi District, Zibo, CHN, 255438
Website
http://www.qxtdgf.com
Zibo Qixiang Tengda Chemical Co Ltd is a China-based company dealing in methyl ethyl ketone, isobutylene, maleic anhydride, disproportioated, butadiene, and carboxyl styrene butadiene latex.
Executives
Che Cheng Ju Directors, executives
Yin Wei Ling Executives
Zhang Jun Secretary Dong
Li Yong Executives
Huang Lei Executives
Zhu Zhen Mao Directors, Directors, and Executives
Fan Jia Yu Director
Bian Li Bin Director
Li Pei Pei Supervisors
Zhuang Jie Supervisors
Zhu Shu Jun Executives
Yang Shu Guang Supervisors
Ma Li Supervisors
Wang Zhu Qing Executives
Bi Ke Dou Director

Zibo Qixiang Tengda Chemical Co (SZSE:002408) Headlines

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