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Suzhou Yangtze New Materials Co (SZSE:002652) Interest Expense : ¥-14.1 Mil (TTM As of Mar. 2024)


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What is Suzhou Yangtze New Materials Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Suzhou Yangtze New Materials Co's interest expense for the three months ended in Mar. 2024 was ¥ -3.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-14.1 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. Suzhou Yangtze New Materials Co's Operating Income for the three months ended in Mar. 2024 was ¥ -0.2 Mil. Suzhou Yangtze New Materials Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -3.3 Mil. Suzhou Yangtze New Materials 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.

Suzhou Yangtze New Materials Co Interest Expense Historical Data

The historical data trend for Suzhou Yangtze New Materials 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.

Suzhou Yangtze New Materials Co Interest Expense Chart

Suzhou Yangtze New Materials 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 -80.15 -21.30 -19.37 -21.19 -15.96

Suzhou Yangtze New Materials 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 -5.20 -3.33 -4.20 -3.24 -3.33

Suzhou Yangtze New Materials 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 ¥-14.1 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.

Suzhou Yangtze New Materials Co  (SZSE:002652) 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.

Suzhou Yangtze New Materials Co's Interest Expense for the three months ended in Mar. 2024 was ¥-3.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-0.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0.2 Mil.

Suzhou Yangtze New Materials Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Suzhou Yangtze New Materials 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.

Suzhou Yangtze New Materials Co (SZSE:002652) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Suzhou Yangtze New Materials Co Ltd (SZSE:002652) » Definitions » Interest Expense
Comparable Companies
SZSE:000890 SHSE:603616 SZSE:002743 SZSE:002659 SZSE:300234 SZSE:300421 BJSE:835857 SZSE:300881 SHSE:600117 SZSE:002418 NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT NSE:TATASTEEL STLD RS MIC:CHMF
Traded in Other Exchanges
N/A
Address
No.218, danfeng road, Suzhou, CHN, 215000
Website
http://www.yzjnm.com/cn
Suzhou Yangtze New Materials Co Ltd is engaged in the manufacturing and distribution of steel coils. Its product portfolio comprises cold rolled steel coil and sheet, hot dipped galvanized steel coil and sheet, pre-painted galvanized steel coil, and anti-static organic color coated steel sheet. The steel coils are mainly used in food processing, hospital, PV manufacturing, electronic and other industries.
Executives
Jin Yue Guo Directors, executives
Xu Xiao Nan Executives
Wang Meng Bing Directors, executives
Yang Jian Ren Executives
Hu Wei Lin Director
Qin Chang He Executives
Bu Jiang Directors, executives
Gao Tian Shu Supervisors

Suzhou Yangtze New Materials Co (SZSE:002652) Headlines

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