Kingenta Ecological Engineering Group Co (SZSE:002470) Interest Expense : ¥-214 Mil (TTM As of Mar. 2024)

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What is Kingenta Ecological Engineering Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kingenta Ecological Engineering Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -49 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-214 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. Kingenta Ecological Engineering Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 11 Mil. Kingenta Ecological Engineering Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -49 Mil. Kingenta Ecological Engineering Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.23. 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.

Kingenta Ecological Engineering Group Co Interest Expense Historical Data

The historical data trend for Kingenta Ecological Engineering Group 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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Kingenta Ecological Engineering Group Co Interest Expense Chart

Kingenta Ecological Engineering Group Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-147.33

-272.42

-327.06

-276.12

-237.71

Kingenta Ecological Engineering Group 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															-72.64	-71.01	-71.63	-22.43	-48.86

Kingenta Ecological Engineering Group 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 ¥-214 Mil.

Kingenta Ecological Engineering Group Co (SZSE:002470) 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.

Kingenta Ecological Engineering Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-49 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥11 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥1,957 Mil.

Kingenta Ecological Engineering Group 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	*	11.267	/	-48.861
	=	0.23

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

Kingenta Ecological Engineering Group Co (SZSE:002470) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Kingenta Ecological Engineering Group Co Ltd (SZSE:002470) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.19 Xingda west street, Linshu, Shandong Province, Linyi, CHN, 276700

Website

http://www.kingenta.com

Kingenta Ecological Engineering Group Co Ltd engaged in Research and Development, production and marketing of compound/blend fertilizer, slow/controlled release fertilizer and other new fertilizers. Its products include Polymer coated urea, Plant oil coated urea, Polymer sulfur coated urea, Polymer coated fertilizer and other.

Executives

Wu Xiu Qing	Supervisors
Bai Ying	Executives
Wan Lian Bu	Directors, executives
Di Ji Dong	Executives
Cui Bin	Directors, Directors, and Executives
Yang Chun Ju	Securities Affairs Representative
Hu Zhao Ping	Executives
Yan Ming Xiao	Executives
Zheng Shu Lin	Executives
Yang Yan	Supervisors
Li Ji Guo	Executives
Gao Yi Wu	Directors, executives
Zhang Xiao Yi	Director
Wang Shi Qing	Supervisors

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