Guangdong Redwall New Materials Co (SZSE:002809) Interest Expense : ¥-1.2 Mil (TTM As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Guangdong Redwall New Materials Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Guangdong Redwall New Materials Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-1.2 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. Guangdong Redwall New Materials Co's Operating Income for the three months ended in Mar. 2024 was ¥ 13.1 Mil. Guangdong Redwall New Materials Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.3 Mil. Guangdong Redwall New Materials Co's Interest Coverage for the quarter that ended in Mar. 2024 was 50.48. 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.

Guangdong Redwall New Materials Co Interest Expense Historical Data

The historical data trend for Guangdong Redwall 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.

Guangdong Redwall New Materials Co Interest Expense Chart

Guangdong Redwall New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-6.54

-5.48

-12.88

-6.90

-1.48

Guangdong Redwall 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															-0.52	-0.27	-0.49	-0.21	-0.26

Guangdong Redwall 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 ¥-1.2 Mil.

Guangdong Redwall New Materials Co (SZSE:002809) 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.

Guangdong Redwall New Materials Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥13.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥571.4 Mil.

Guangdong Redwall New Materials 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	*	13.074	/	-0.259
	=	50.48

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

Guangdong Redwall New Materials Co (SZSE:002809) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Redwall New Materials Co Ltd (SZSE:002809) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shiwan park of Science and Technology, Boluo County, Guangdong Province, Dongguan, CHN, 516127

Website

http://www.redwall.com.cn

Guangdong Redwall New Materials Co Ltd engages in the production and sale of concrete admixtures, chemical additives, and special chemicals. Its business activities include the wholesale of ash and mud. The company offers polycarboxylate superplasticizers, polynaphthalene sulfonate, and Polynaphthalene sulfonate derivatives, slump-keeping agents of polynaphthalene sulfonate, waterproofing admixtures, sodium gluconates.

Executives

Cheng Zhan Sheng	Directors, executives
Zhu Ji Han	Executives
He Yuan Jie	Directors, executives
Wang Gui Ling	Independent director
Liu Lian Jun	Directors, executives
Wu Shang Li	Director
Wang Fu Bin	Supervisors

Guangdong Redwall New Materials Co (SZSE:002809) Headlines

No Headlines