Stanley Agricultural Group Co (SZSE:002588) Interest Expense : ¥-7 Mil (TTM As of Mar. 2024)

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What is Stanley Agricultural Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Stanley Agricultural Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-7 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. Stanley Agricultural Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 186 Mil. Stanley Agricultural Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -1 Mil. Stanley Agricultural Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 152.44. 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.

Stanley Agricultural Group Co Interest Expense Historical Data

The historical data trend for Stanley Agricultural 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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Stanley Agricultural Group Co Interest Expense Chart

Stanley Agricultural Group Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-32.63

-7.11

-1.40

-2.15

-7.17

Stanley Agricultural 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															-1.33	-2.49	-2.24	-1.12	-1.22

Stanley Agricultural 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 ¥-7 Mil.

Stanley Agricultural Group Co (SZSE:002588) 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.

Stanley Agricultural Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥186 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥654 Mil.

Stanley Agricultural 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	*	186.283	/	-1.222
	=	152.44

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Stanley Agricultural Group Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Stanley Agricultural Group Co (SZSE:002588) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Stanley Agricultural Group Co Ltd (SZSE:002588) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

East of Changlin Street, Linshu County, Linyi, CHN

Website

http://www.shidanli.cn

Stanley Agricultural Group Co Ltd is an agricultural service provider and international compound fertilizer standard specializing in compound fertilizer production and sales, grain storage and storage, agricultural information consultation, agricultural technology promotion, and agricultural trade. It produces various types of products that include Sanan, Pure sulfur, Fourth element, Water soluble fertilizer, Nitro fertilizer, and New product development.

Executives

Tang You Yun	Executives
Gao Wen Ban	Director
Mi Shou Hong	Supervisors
Gao Jin Hua	Directors, executives
Hu Zhao Shun	Directors, executives
Gu Rong Bin	Executives
Jing Pei Hua	Director
Zu Lin Hai	Executives
Feng Wei Guang	Executives
Zhang Lei	Executives
Wang Jing Ming	Executives
Gao Bin	Supervisors
Jing Hong Lei	Supervisors
Li Yan Yan	Supervisors
Wang Xu Qian	Supervisors

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