GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu Toland Alloy Co Ltd (SZSE:300855) » Definitions » Interest Expense

Jiangsu Toland Alloy Co (SZSE:300855) Interest Expense : ¥-4 Mil (TTM As of Mar. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Jiangsu Toland Alloy Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangsu Toland Alloy Co's interest expense for the three months ended in Mar. 2024 was ¥ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-4 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 Toland Alloy Co's Operating Income for the three months ended in Mar. 2024 was ¥ 111 Mil. Jiangsu Toland Alloy Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -1 Mil. Jiangsu Toland Alloy Co's Interest Coverage for the quarter that ended in Mar. 2024 was 170.42. 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.

Jiangsu Toland Alloy Co Interest Expense Historical Data

The historical data trend for Jiangsu Toland Alloy 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 Toland Alloy Co Interest Expense Chart

Jiangsu Toland Alloy Co Annual Data
Trend Dec13 Dec14 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.19 -1.83 -1.13 -2.41 -4.57

Jiangsu Toland Alloy 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 -0.92 -1.77 -1.22 -0.66 -0.65

Jiangsu Toland Alloy 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 ¥-4 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 Toland Alloy Co  (SZSE:300855) 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 Toland Alloy Co's Interest Expense for the three months ended in Mar. 2024 was ¥-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥111 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥80 Mil.

Jiangsu Toland Alloy 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*110.771/-0.65
=170.42

* 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 Toland Alloy Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Jiangsu Toland Alloy Co (SZSE:300855) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu Toland Alloy Co Ltd (SZSE:300855) » Definitions » Interest Expense
Comparable Companies
SZSE:002110 SHSE:600507 SHSE:600782 SHSE:601005 SHSE:601969 SHSE:600307 SHSE:600126 SZSE:000761 SHSE:601686 SHSE:600022 NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT NSE:TATASTEEL STLD RS MIC:CHMF
Traded in Other Exchanges
N/A
Address
No.1 Junmin West Road, Yuncheng Canal, Lucheng Town, Jiangsu Province, Danyang, CHN, 212352
Website
http://www.toland-alloy.com
Jiangsu Toland Alloy Co Ltd is engaged in the production and sales of high-performance alloys, precision alloys, special stainless steel and other high-performance alloy materials and their products. The company manufactures, smelts, processes, and sells high-temperature alloys, precision alloys, nickel-chromium materials, high-resistance electrothermal alloys, high-speed tool steels, stainless steels, heat-resistant steels and their products.
Executives
Zhang Tao Supervisors
Wan Jie Directors, Directors, and Executives
Yuan Suo Jun Directors, executives

Jiangsu Toland Alloy Co (SZSE:300855) Headlines

No Headlines