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Shenzhen Wote Advanced Materials Co (SZSE:002886) Interest Expense : ¥-37 Mil (TTM As of Jun. 2024)


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What is Shenzhen Wote Advanced Materials Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shenzhen Wote Advanced Materials Co's interest expense for the three months ended in Jun. 2024 was ¥ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ¥-37 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. Shenzhen Wote Advanced Materials Co's Operating Income for the three months ended in Jun. 2024 was ¥ 21 Mil. Shenzhen Wote Advanced Materials Co's Interest Expense for the three months ended in Jun. 2024 was ¥ -10 Mil. Shenzhen Wote Advanced Materials Co's Interest Coverage for the quarter that ended in Jun. 2024 was 2.07. 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.

Shenzhen Wote Advanced Materials Co Interest Expense Historical Data

The historical data trend for Shenzhen Wote Advanced 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.

Shenzhen Wote Advanced Materials Co Interest Expense Chart

Shenzhen Wote Advanced 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 -19.13 -13.06 -17.03 -30.30 -38.38

Shenzhen Wote Advanced Materials Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -12.27 -11.39 -6.25 -9.21 -10.17

Shenzhen Wote Advanced 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-37 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.

Shenzhen Wote Advanced Materials Co  (SZSE:002886) 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.

Shenzhen Wote Advanced Materials Co's Interest Expense for the three months ended in Jun. 2024 was ¥-10 Mil. Its Operating Income for the three months ended in Jun. 2024 was ¥21 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ¥559 Mil.

Shenzhen Wote Advanced Materials Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*21.068/-10.172
=2.07

* 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.

Shenzhen Wote Advanced Materials Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen Wote Advanced Materials Co Ltd (SZSE:002886) » Definitions » Interest Expense
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SHSE:688625 SHSE:603977 SZSE:300041 SZSE:301149 SZSE:300225 SZSE:002827 SZSE:002741 SHSE:688378 SHSE:688196 SZSE:300174 LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
1 / 2F, Building 10, Jixun Strategic Emerging Industrial Park, Nantou Port, Nanshan District, Shenzhen, CHN, 518052
Website
http://www.wotlon.com
Shenzhen Wote Advanced Materials Co Ltd is engaged in product research and development, production, technical service and related international trade of special performance polymer materials and environmentally friendly engineering plastic. Its product portfolio includes carbon fiber/carbon black powder reinforced electronic conductive series products, high gloss spray-free material, nano-composite material, modified PPO, PC and PC/ABS series materials.
Executives
Wu Xian Director
He Zheng Directors, executives
Chen Yu Supervisors

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