Shandong Sinocera Functional Material Co (SZSE:300285) Interest Expense : ¥-33 Mil (TTM As of Sep. 2024)

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What is Shandong Sinocera Functional Material Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shandong Sinocera Functional Material Co's interest expense for the three months ended in Sep. 2024 was ¥ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-33 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 Sinocera Functional Material Co's Operating Income for the three months ended in Sep. 2024 was ¥ 198 Mil. Shandong Sinocera Functional Material Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -6 Mil. Shandong Sinocera Functional Material Co's Interest Coverage for the quarter that ended in Sep. 2024 was 30.57. 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 Sinocera Functional Material Co Interest Expense Historical Data

The historical data trend for Shandong Sinocera Functional Material 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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Shandong Sinocera Functional Material Co Interest Expense Chart

Shandong Sinocera Functional Material Co Annual Data

Trend

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Dec23

Interest Expense

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-23.72

-11.07

-18.17

-29.96

-30.68

Shandong Sinocera Functional Material 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															-5.02	-12.39	-7.98	-6.01	-6.48

Shandong Sinocera Functional Material 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 ¥-33 Mil.

Shandong Sinocera Functional Material Co (SZSE:300285) 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 Sinocera Functional Material Co's Interest Expense for the three months ended in Sep. 2024 was ¥-6 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥198 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥433 Mil.

Shandong Sinocera Functional Material 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	*	198.144	/	-6.482
	=	30.57

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

Shandong Sinocera Functional Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Sinocera Functional Material Co Ltd (SZSE:300285) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

No. 24 Liaohe Road, Dongying District, Shandong Province, Dongying, CHN, 257091

Website

http://www.sinocera.cn/

Shandong Sinocera Functional Material Co Ltd is mainly engaged in the research and development, production and sales of novel materials. The main products include multilayer ceramic capacitors, electronic ceramic materials, nano-scale composite zirconia materials, high-purity ultra-fine alumina materials, ceramic ink materials for inkjet printing, electronic pastes, honeycomb ceramics, and ceramic balls. Its products are mainly applied in an electronic information and communication, biomedical, new energy vehicles, architectural ceramics and modern high-tech fields such as porcelain, automotive and industrial catalysis, solar photovoltaic, and aerospace.

Executives

Zhang Xi	Director
Zhang Bing	Directors, executives
Wang Zhong	Supervisors
Wang Xiao Hong	Supervisors
Xu Shao Mei	Directors, executives
Zhao Hong Yan	Securities Affairs Representative
Liu Mei Na	Director
Song Xi Bin	Executives
Si Liu Qi	Executives

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