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Jiangsu Huaxin New Material Co (SZSE:300717) Interest Expense : ¥-0.1 Mil (TTM As of Mar. 2024)


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What is Jiangsu Huaxin New Material Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangsu Huaxin New Material Co's interest expense for the three months ended in Mar. 2024 was ¥ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-0.1 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. Jiangsu Huaxin New Material Co's Operating Income for the three months ended in Mar. 2024 was ¥ 13.5 Mil. Jiangsu Huaxin New Material Co's Interest Expense for the three months ended in Mar. 2024 was ¥ 0.0 Mil. Jiangsu Huaxin New Material Co has no long-term debt (1). 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Jiangsu Huaxin New Material Co Interest Expense Historical Data

The historical data trend for Jiangsu Huaxin 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.

* Premium members only.

Jiangsu Huaxin New Material Co Interest Expense Chart

Jiangsu Huaxin New Material 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 -0.08 -0.10 - -0.51 -0.08

Jiangsu Huaxin 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 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 -0.12 -0.02 -0.02 -0.02 -

Jiangsu Huaxin 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 ¥-0.1 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.

Jiangsu Huaxin New Material Co  (SZSE:300717) 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.

Jiangsu Huaxin New Material Co's Interest Expense for the three months ended in Mar. 2024 was ¥0.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥13.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0.0 Mil.

Jiangsu Huaxin New Material Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Jiangsu Huaxin New Material Co had no long-term debt (1).

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Jiangsu Huaxin New Material Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Jiangsu Huaxin New Material Co (SZSE:300717) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Huaxin New Material Co Ltd (SZSE:300717) » Definitions » Interest Expense
Comparable Companies
SZSE:300535 SHSE:688021 SZSE:300665 BJSE:833394 SZSE:300478 SZSE:002591 SZSE:300644 SHSE:688129 BJSE:832089 SZSE:301037 LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
No. 189, Daqiao East Road, Xinyi, Taipei, CHN, 221416
Website
http://www.huaxinchina.cc
Jiangsu Huaxin New Material Co Ltd manufactures plastic products. The Company designs, produces, and markets smart card substrate and functional plastic films. Its products include PETG, PVC, PVC/ABS blend, bio-degradable PHA, and medical films; coated overlays; digital printing materials; and PET and PC card materials, as well as coated PVC for etching antennas. The company offers its products for use in various industries, including finance, transport, medical treatment, electronic information, social security, decoration, packaging.

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