Qingdao Sentury Tire Co (SZSE:002984) Interest Expense : ¥-91 Mil (TTM As of Sep. 2024)

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What is Qingdao Sentury Tire Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Qingdao Sentury Tire Co's interest expense for the three months ended in Sep. 2024 was ¥ -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-91 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. Qingdao Sentury Tire Co's Operating Income for the three months ended in Sep. 2024 was ¥ 744 Mil. Qingdao Sentury Tire Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -23 Mil. Qingdao Sentury Tire Co's Interest Coverage for the quarter that ended in Sep. 2024 was 32.59. 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.

Qingdao Sentury Tire Co Interest Expense Historical Data

The historical data trend for Qingdao Sentury Tire 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.

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Qingdao Sentury Tire Co Interest Expense Chart

Qingdao Sentury Tire Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-122.52

-71.92

-34.00

-85.36

-88.42

Qingdao Sentury Tire 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															-22.00	-23.15	-22.54	-22.59	-22.82

Qingdao Sentury Tire 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 ¥-91 Mil.

Qingdao Sentury Tire Co (SZSE:002984) 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.

Qingdao Sentury Tire Co's Interest Expense for the three months ended in Sep. 2024 was ¥-23 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥744 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥2,014 Mil.

Qingdao Sentury Tire 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	*	743.589	/	-22.818
	=	32.59

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

Qingdao Sentury Tire Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Qingdao Sentury Tire Co Ltd (SZSE:002984) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 5, Tianshan 3rd Road, Daxin Town, Jimo District, Shandong Province, Qingdao, CHN, 266229

Website

http://www.senturytire.com

Qingdao Sentury Tire Co Ltd is engaged in the research and development, production and sales of semi-steel radial tires and aviation tires.

Executives

Lin Wen Long	Directors, executives
Qin Long	Director
Qin Jing Bo	Directors, executives
Jin Sheng Yong	Secretary, Director
Liu Gao Yang	Supervisors

Qingdao Sentury Tire Co Headlines

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