Shandong Longda Meishi Co (SZSE:002726) Interest Expense : ¥-109 Mil (TTM As of Mar. 2024)

View and export this data going back to 2014. Start your Free Trial

What is Shandong Longda Meishi Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shandong Longda Meishi Co's interest expense for the three months ended in Mar. 2024 was ¥ -28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-109 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. Shandong Longda Meishi Co's Operating Income for the three months ended in Mar. 2024 was ¥ 54 Mil. Shandong Longda Meishi Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -28 Mil. Shandong Longda Meishi Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.93. 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.

Shandong Longda Meishi Co Interest Expense Historical Data

The historical data trend for Shandong Longda Meishi 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.

Shandong Longda Meishi Co Interest Expense Chart

Shandong Longda Meishi Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-66.20

-87.57

-111.26

-104.39

-105.18

Shandong Longda Meishi 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															-24.00	-24.90	-27.92	-28.37	-28.10

Shandong Longda Meishi 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 ¥-109 Mil.

Shandong Longda Meishi Co (SZSE:002726) 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.

Shandong Longda Meishi Co's Interest Expense for the three months ended in Mar. 2024 was ¥-28 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥54 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥1,280 Mil.

Shandong Longda Meishi 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	*	54.219	/	-28.098
	=	1.93

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

Shandong Longda Meishi Co (SZSE:002726) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Longda Meishi Co Ltd (SZSE:002726) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Food Industrial Park, Shandong Province, Laiyang, CHN, 265200

Website

http://www.longdameat.com

Shandong Longda Meishi Co Ltd is a Chinese company operating in the meat processing industry. It activities include pig breeding, feed production, pig breeding, slaughtering and cutting, and cooked food processing. The company's product portfolio comprises fresh frozen pork, low-temperature meat products, bulk sauce and halogen foods, among others.

Shandong Longda Meishi Co (SZSE:002726) Headlines

No Headlines