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Jiangxi Haiyuan Composites Technology Co (SZSE:002529) Interest Expense : ¥-10.1 Mil (TTM As of Mar. 2024)


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What is Jiangxi Haiyuan Composites Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangxi Haiyuan Composites Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -2.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-10.1 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. Jiangxi Haiyuan Composites Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ -18.7 Mil. Jiangxi Haiyuan Composites Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -2.6 Mil. Jiangxi Haiyuan Composites Technology 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.

Jiangxi Haiyuan Composites Technology Co Interest Expense Historical Data

The historical data trend for Jiangxi Haiyuan Composites Technology 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.

Jiangxi Haiyuan Composites Technology Co Interest Expense Chart

Jiangxi Haiyuan Composites Technology 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 -19.66 -16.67 -0.35 -5.60 -9.28

Jiangxi Haiyuan Composites Technology 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 -1.77 -3.23 -2.99 -1.29 -2.59

Jiangxi Haiyuan Composites Technology 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 ¥-10.1 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.

Jiangxi Haiyuan Composites Technology Co  (SZSE:002529) 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.

Jiangxi Haiyuan Composites Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-2.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-18.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥125.8 Mil.

Jiangxi Haiyuan Composites Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Jiangxi Haiyuan Composites Technology Co did not have earnings to cover the interest expense.

* 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.

Jiangxi Haiyuan Composites Technology Co (SZSE:002529) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangxi Haiyuan Composites Technology Co Ltd (SZSE:002529) » Definitions » Interest Expense
Comparable Companies
SZSE:300018 SHSE:603819 SZSE:300943 SZSE:002903 SZSE:002630 SZSE:002576 SZSE:301512 SZSE:300486 SZSE:002164 SZSE:001268 GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
N/A
Address
No. 2, Tieling North Road, Jingxi Town, Minhou County, Fujian Province, Fuzhou, CHN, 350002
Website
http://www.haiyuan-group.com
Fujian Haiyuan Composites Technology Co Ltd, formerly Fujian Haiyuan Automatic Equipments Co Ltd engages in the manufacture and sale of hydraulic press equipment and related devices in China and internationally. It provides automatic hydraulic ceramic tile presses, automatic hydraulic ceramic water-permeable plaza tile presses, automatic hydraulic autoclaved brick presses, automatic hydraulic refractory material presses, and automatic hydraulic composite material presses, as well as eante fiber reinforced thermoplastic composite formwork and automotive related products.

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