Yangzhou Chenhua New Material Co (SZSE:300610) Interest Expense : ¥-1.3 Mil (TTM As of Mar. 2024)

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What is Yangzhou Chenhua New Material Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Yangzhou Chenhua New Material Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-1.3 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. Yangzhou Chenhua New Material Co's Operating Income for the three months ended in Mar. 2024 was ¥ 21.7 Mil. Yangzhou Chenhua New Material Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.4 Mil. Yangzhou Chenhua New Material Co's Interest Coverage for the quarter that ended in Mar. 2024 was 48.63. 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.

Yangzhou Chenhua New Material Co Interest Expense Historical Data

The historical data trend for Yangzhou Chenhua New 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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Yangzhou Chenhua New Material Co Interest Expense Chart

Yangzhou Chenhua New Material Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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0.89

-0.60

-0.55

-0.04

-0.83

Yangzhou Chenhua New Material 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															-0.01	-0.02	-0.36	-0.45	-0.45

Yangzhou Chenhua New 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-1.3 Mil.

Yangzhou Chenhua New Material Co (SZSE:300610) 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.

Yangzhou Chenhua New Material Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥21.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥30.3 Mil.

Yangzhou Chenhua New Material 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	*	21.69	/	-0.446
	=	48.63

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

Yangzhou Chenhua New Material Co (SZSE:300610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Yangzhou Chenhua New Material Co Ltd (SZSE:300610) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 231, Caodian Town, Baoying County, Jiangsu Province, Yangzhou, CHN, 225803

Website

http://www.yzch.cc

Yangzhou Chenhua New Material Co Ltd researches, develops, produces, and sells fine chemicals. The company's primary products include flame retardant, polyether, polyether amine, silicon oil, alkyl polyglucoside, surfactant, silicon rubber and sealant, water-borne polyurethane resin, and textile auxiliary series of products. Its products are used in the everyday use chemicals, pesticides, medicines, machines, automobiles, wires and cables, architectures, and installations, as well as in the printing and dyeing and textile industries.

Executives

Dong Xiao Hong	Executives
Hao Bin	Supervisors
Shi Yong Bing	Directors, executives
Hao Qiao Ling	Directors, executives
Yang Si Xue	Directors, executives
Yu Zi Zhou	Directors, executives
Bi Ji Hui	Director
Wu Da Ming	Directors, executives

Yangzhou Chenhua New Material Co (SZSE:300610) Headlines

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