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Jiangsufety Group Co (SHSE:603028) Interest Expense : ¥-15 Mil (TTM As of Mar. 2024)


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What is Jiangsufety Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangsufety Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-15 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. Jiangsufety Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ -27 Mil. Jiangsufety Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -4 Mil. Jiangsufety Group Co did not have earnings to cover the interest expense. 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.

Jiangsufety Group Co Interest Expense Historical Data

The historical data trend for Jiangsufety Group 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.

Jiangsufety Group Co Interest Expense Chart

Jiangsufety Group 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 -6.01 -3.06 -8.38 -9.94 -14.25

Jiangsufety Group 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 -3.36 -4.00 -4.55 -2.34 -3.85

Jiangsufety Group 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 ¥-15 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.

Jiangsufety Group Co  (SHSE:603028) 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.

Jiangsufety Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-4 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-27 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥347 Mil.

Jiangsufety Group Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Jiangsufety Group Co did not have earnings to cover the interest expense.

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Jiangsu Safety Group Co Ltd interest coverage is 1.61, which is low.

Jiangsufety Group Co (SHSE:603028) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu Safety Group Co Ltd (SHSE:603028) » Definitions » Interest Expense
Comparable Companies
SHSE:605158 SZSE:002443 SZSE:000926 SHSE:600784 SHSE:603878 SHSE:600992 SHSE:688186 SHSE:603315 SZSE:002418 SZSE:002132 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. 151, Furong Zhongsan Road, XiShan Economic Development Zone, Jiangsu, Wuxi, CHN, 214192
Website
http://www.jf-safety.com
Jiangsu Safety Wire Rope Co Ltd develops and manufactures elevator ropes for customers with different requirements and needs. Its products include wire rope for elevators, lifting Wire rope, steel wire rope, synthetic fiber sling belt rigging, and accessories. Its products are used in elevators, construction machinery, Hong Kong Port terminal, coal mine, marine engineering, shipbuilding, ocean fishing, logistics, and warehousing.
Executives
Shen Sheng Quan Director
Cui Zi Feng Director
Zhao Zu Yin senior management
Deng Wei Director
Lin Zhu Ying Director
Yang Yue Min Director
Liu Hong Gang Director
Bai Shu Qing Director
Hu Wen Lin Director
Wu Hai Feng Director
Cui Zhi Qiang Director

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