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Shandong Polymer Biochemicals Co (SZSE:002476) Interest Expense : ¥-0.8 Mil (TTM As of Mar. 2024)


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What is Shandong Polymer Biochemicals Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shandong Polymer Biochemicals Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-0.8 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. Shandong Polymer Biochemicals Co's Operating Income for the three months ended in Mar. 2024 was ¥ 6.9 Mil. Shandong Polymer Biochemicals Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.2 Mil. Shandong Polymer Biochemicals Co's Interest Coverage for the quarter that ended in Mar. 2024 was 28.58. 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.

Shandong Polymer Biochemicals Co Interest Expense Historical Data

The historical data trend for Shandong Polymer Biochemicals 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.

Shandong Polymer Biochemicals Co Interest Expense Chart

Shandong Polymer Biochemicals 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 -4.58 -9.73 -4.75 -0.48 -0.64

Shandong Polymer Biochemicals 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 -0.11 -0.16 -0.19 -0.18 -0.24

Shandong Polymer Biochemicals 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 ¥-0.8 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.

Shandong Polymer Biochemicals Co  (SZSE:002476) 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.

Shandong Polymer Biochemicals Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥6.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0.0 Mil.

Shandong Polymer Biochemicals 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*6.916/-0.242
=28.58

* 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.

Shandong Polymer Biochemicals Co (SZSE:002476) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Polymer Biochemicals Co Ltd (SZSE:002476) » Definitions » Interest Expense
Comparable Companies
SHSE:688456 SZSE:301076 SZSE:002172 SZSE:000510 SZSE:002290 SZSE:001333 SZSE:301395 SZSE:000545 SZSE:000782 SZSE:002165 SAU:2010 TSE:4063 XTER:BAS DOW XKRX:051910 SZSE:002493 SHSE:600989 XKRX:086520 CE XKLS:5183
Traded in Other Exchanges
N/A
Address
No.416,Xisi Road Dongying, Dongying, Shandong, CHN, 257081
Website
http://www.slcapam.com
Shandong Polymer Biochemicals Co Ltd produces and sells oilfield chemicals worldwide. Its business covers oilfield chemicals production, oil and gas engineering technology services, oil and gas development and environmental water treatment. The company's product includes Non-ionic polyacrylamide; Flocculating agent for aluminum oxide; Polyacrylamide for displacement of reservoir oil; Anionic polyacrylamide and Cationic polyacrylamide.
Executives
Gu Qiao Ting Supervisors
Qu Lei Directors, executives, securities affairs represen
Liu Shi Ya Supervisors
Wang Hui Chen Director
Zhou Wei Dong Executives
Ren Jian Jun Executives
Wang Feng Executives
Liu Hao Executives
Zhang Dong Shi Supervisors
Xu Su Xian Independent director
Du Chun Li Supervisors

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