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Jiangsu Asia-Pacific Light Alloy Technology Co (SZSE:002540) Interest Expense : ¥-47 Mil (TTM As of Mar. 2024)


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What is Jiangsu Asia-Pacific Light Alloy Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangsu Asia-Pacific Light Alloy Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-47 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 Asia-Pacific Light Alloy Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 124 Mil. Jiangsu Asia-Pacific Light Alloy Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -11 Mil. Jiangsu Asia-Pacific Light Alloy Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 11.02. 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 Asia-Pacific Light Alloy Technology Co Interest Expense Historical Data

The historical data trend for Jiangsu Asia-Pacific Light Alloy 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.

Jiangsu Asia-Pacific Light Alloy Technology Co Interest Expense Chart

Jiangsu Asia-Pacific Light Alloy 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 -10.60 -8.06 -4.61 -2.05 -39.39

Jiangsu Asia-Pacific Light Alloy 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 -3.32 -11.59 -11.81 -12.67 -11.23

Jiangsu Asia-Pacific Light Alloy 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 ¥-47 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.


Jiangsu Asia-Pacific Light Alloy Technology Co  (SZSE:002540) 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.

Jiangsu Asia-Pacific Light Alloy Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-11 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥124 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥1,109 Mil.

Jiangsu Asia-Pacific Light Alloy Technology 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*123.812/-11.233
=11.02

* 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.


Jiangsu Asia-Pacific Light Alloy Technology Co (SZSE:002540) Business Description

Traded in Other Exchanges
N/A
Address
No.8, Fangxing Road, Wuxi New District, Wuxi, CHN, 214111
Jiangsu Asia-Pacific Light Alloy Technology Co Ltd manufactures and sells aluminum extrusion profiles and precision-drawn tubes for use in automotive, transportation, HVAC&R, industrial, seawater desalination, aerospace, solar, and other applications in China. The products provided by the company comprise of Precision tube, Micro-multiport extrusion tube, and Extrusion profile.
Executives
Zhou Fu Hai Director
Pu Jian Ying Directors, executives
Fan Ya Sheng Executives
Wang Xin Wan Executives
Chen Guo Qin Supervisors
Zhang Jun Hua Supervisors
Luo Gong Wu Secretary, Director
Zhou Jing Yi Securities Affairs Representative

Jiangsu Asia-Pacific Light Alloy Technology Co (SZSE:002540) Headlines

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