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Guangzhou Tinci Materials Technology Co (SZSE:002709) Interest Expense : ¥-214 Mil (TTM As of Sep. 2024)


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What is Guangzhou Tinci Materials Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Guangzhou Tinci Materials Technology Co's interest expense for the three months ended in Sep. 2024 was ¥ -52 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-214 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. Guangzhou Tinci Materials Technology Co's Operating Income for the three months ended in Sep. 2024 was ¥ 266 Mil. Guangzhou Tinci Materials Technology Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -52 Mil. Guangzhou Tinci Materials Technology Co's Interest Coverage for the quarter that ended in Sep. 2024 was 5.09. 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.

Guangzhou Tinci Materials Technology Co Interest Expense Historical Data

The historical data trend for Guangzhou Tinci Materials 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.

Guangzhou Tinci Materials Technology Co Interest Expense Chart

Guangzhou Tinci Materials 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 -52.48 -44.02 -40.10 -75.73 -194.44

Guangzhou Tinci Materials Technology Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -50.51 -50.56 -53.22 -58.28 -52.27

Guangzhou Tinci Materials 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-214 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.

Guangzhou Tinci Materials Technology Co  (SZSE:002709) 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.

Guangzhou Tinci Materials Technology Co's Interest Expense for the three months ended in Sep. 2024 was ¥-52 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥266 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥4,325 Mil.

Guangzhou Tinci Materials Technology Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*266.148/-52.27
=5.09

* 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.

Guangzhou Tinci Materials Technology Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangzhou Tinci Materials Technology Co Ltd (SZSE:002709) » Definitions » Interest Expense
Comparable Companies
SZSE:002648 SHSE:603659 SZSE:002601 SHSE:688363 SHSE:600985 SZSE:300919 SZSE:002064 SHSE:603688 SZSE:300037 SHSE:600884 LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
No. 8, Dongcheng Tablet, Kangda Road, Yunpu Industrial Zone, Huangpu District, Guangdong, Guangzhou, CHN, 510700
Website
https://www.tinci.com
Guangzhou Tinci Materials Technology Co Ltd is engaged in Research & Development, production and sales of new fine chemical materials.
Executives
Xu Jin Fu Directors, executives
Zhao Jing Wei Director
Xu San Shan Directors, executives
Gu Bin Directors, executives
Li Xing Hua Supervisors
Chen Xun Wu Director
Xuan Da Yan Secretary, Director
Zhou Shun Wu Executives
Zhang Li Ping Directors, executives
Pan Guo Zhong Secretary, Director

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