Shandong Chenming Paper Holdings (FRA:SCD1) Interest Expense : €-241 Mil (TTM As of Mar. 2024)

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What is Shandong Chenming Paper Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shandong Chenming Paper Holdings's interest expense for the three months ended in Mar. 2024 was € -49 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-241 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. Shandong Chenming Paper Holdings's Operating Income for the three months ended in Mar. 2024 was € 39 Mil. Shandong Chenming Paper Holdings's Interest Expense for the three months ended in Mar. 2024 was € -49 Mil. Shandong Chenming Paper Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 0.80. 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.

Shandong Chenming Paper Holdings Interest Expense Historical Data

The historical data trend for Shandong Chenming Paper Holdings'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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Shandong Chenming Paper Holdings Interest Expense Chart

Shandong Chenming Paper Holdings Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-458.60

-392.86

-367.96

-281.79

-245.09

Shandong Chenming Paper Holdings 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															-56.02	-57.17	-56.78	-78.25	-49.14

Shandong Chenming Paper Holdings 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 €-241 Mil.

Shandong Chenming Paper Holdings (FRA:SCD1) 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.

Shandong Chenming Paper Holdings's Interest Expense for the three months ended in Mar. 2024 was €-49 Mil. Its Operating Income for the three months ended in Mar. 2024 was €39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €583 Mil.

Shandong Chenming Paper Holdings'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	*	39.264	/	-49.14
	=	0.80

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. Shandong Chenming Paper Holdings Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Shandong Chenming Paper Holdings (FRA:SCD1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shandong Chenming Paper Holdings Ltd (FRA:SCD1) » Definitions » Interest Expense

Traded in Other Exchanges

01812:Hong Kong SCD1:Germany 200488:China 000488:China

Address

No. 2199 Nongsheng East Road, Shandong Province, Shouguang, CHN, 262705

Website

http://www.chenmingpaper.com

Shandong Chenming Paper Holdings Ltd is a paper making company. The company's product mix consists of printing paper, packaging paper, office paper, industrial paper and household paper, and various other types of paper mixes. Maximum revenue is derived from the sale of its paper products. The company's segments are Machine-made paper, Financial services, Hotels and property, and other segments. Geographically, it derives a majority of revenue from Mainland China.

Shandong Chenming Paper Holdings (FRA:SCD1) Headlines

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