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Shenzhen Tongyi Industry Co (SZSE:300538) Interest Expense : ¥-20 Mil (TTM As of Sep. 2024)


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What is Shenzhen Tongyi Industry Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shenzhen Tongyi Industry Co's interest expense for the three months ended in Sep. 2024 was ¥ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-20 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 Tongyi Industry Co's Operating Income for the three months ended in Sep. 2024 was ¥ 8 Mil. Shenzhen Tongyi Industry Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -3 Mil. Shenzhen Tongyi Industry Co's Interest Coverage for the quarter that ended in Sep. 2024 was 2.73. 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 Tongyi Industry Co Interest Expense Historical Data

The historical data trend for Shenzhen Tongyi Industry 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 Tongyi Industry Co Interest Expense Chart

Shenzhen Tongyi Industry 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 -7.76 -8.67 -24.95 -23.90 -22.89

Shenzhen Tongyi Industry 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 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 -5.90 -7.16 -5.61 -3.92 -3.10

Shenzhen Tongyi Industry 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 ¥-20 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 Tongyi Industry Co  (SZSE:300538) 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 Tongyi Industry Co's Interest Expense for the three months ended in Sep. 2024 was ¥-3 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥353 Mil.

Shenzhen Tongyi Industry 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*8.461/-3.098
=2.73

* 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 Tongyi Industry Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen Tongyi Industry Co Ltd (SZSE:300538) » Definitions » Interest Expense
Comparable Companies
SZSE:300922 SZSE:301019 SZSE:002669 SHSE:603378 SHSE:688398 SZSE:300340 SZSE:301003 BJSE:836247 SHSE:603681 SHSE:603683 LIN XPAR:AI SHW ECL APD XSWX:GIVN XSWX:SIKA ISX:TPIA DD SHSE:600309
Traded in Other Exchanges
N/A
Address
Xixiang Street, Hangcheng Industrial Zone, Room 501-512, Building C, Baohuasen International Center, Taoyuan Community, Baoan District, Guangdong Province, Shenzhen, CHN, 518101
Website
https://www.tongyiplastic.com
Shenzhen Tongyi Industry Co Ltd is a provider of plastics, elastomers and other chemical materials and electronic materials. Its products are used to manufacture parts, functional parts, structural parts or appearances of downstream mobile terminals, home appliances, LED lighting and other market segments.
Executives
Shao Yu Nan Director
Hua Qing Chun Executives
Wu Shu Yong Directors, executives
Chen Zuo Xing Directors, executives
Ma Yuan Executives
Zhang Ya Ling Directors, executives
Ding Hai Tian Supervisors

Shenzhen Tongyi Industry Co Headlines

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