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Shanghai Kinlita Chemical Co (SZSE:300225) Interest Expense : ¥-3.5 Mil (TTM As of Mar. 2024)


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What is Shanghai Kinlita Chemical Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Kinlita Chemical Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-3.5 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. Shanghai Kinlita Chemical Co's Operating Income for the three months ended in Mar. 2024 was ¥ 7.4 Mil. Shanghai Kinlita Chemical Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.7 Mil. Shanghai Kinlita Chemical Co's Interest Coverage for the quarter that ended in Mar. 2024 was 10.87. 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.

Shanghai Kinlita Chemical Co Interest Expense Historical Data

The historical data trend for Shanghai Kinlita Chemical 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.

Shanghai Kinlita Chemical Co Interest Expense Chart

Shanghai Kinlita Chemical 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 -0.02 -0.39 -1.18 -0.28 -3.05

Shanghai Kinlita Chemical 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 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 -0.21 -0.66 -0.90 -1.28 -0.68

Shanghai Kinlita Chemical 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 ¥-3.5 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.

Shanghai Kinlita Chemical Co  (SZSE:300225) 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.

Shanghai Kinlita Chemical Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥7.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥9.6 Mil.

Shanghai Kinlita Chemical 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*7.392/-0.68
=10.87

* 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.

Shanghai Kinlita Chemical Co (SZSE:300225) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Kinlita Chemical Co Ltd (SZSE:300225) » Definitions » Interest Expense
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SHSE:688219 SHSE:688093 SHSE:603977 SZSE:301149 SHSE:688378 SZSE:002886 SZSE:300082 SZSE:002827 SHSE:688625 SHSE:603255 LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
No. 139, Chugong Road, Shanghai Chemical Industry Zone, Shanghai, CHN, 201417
Website
http://www.knt.cn
Shanghai Kinlita Chemical Co Ltd is a player in the mid and high-end industrial coating industry. The company's product lineup includes automotive and industrial cationic electrocoat (CED), OEM automotive primer surfacer and topcoat.
Executives
Jing Zong Fa Director
Yan Jia Hua Directors, executives
Tang Yang Secretary, Director
Liu Jin Mei Director
Liu Xue Min Supervisors
Su Ming Zhong Director
Tian Bao Guo Directors, executives
Wu Guo Zheng Director
Zhou Wen Biao Supervisors
Mou Zong Yuan Director
Qian Qiong Wei Directors, executives

Shanghai Kinlita Chemical Co (SZSE:300225) Headlines

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