JL Mag Rare-Earth Co (HKSE:06680) Interest Expense : HK$-45 Mil (TTM As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is JL Mag Rare-Earth Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. JL Mag Rare-Earth Co's interest expense for the three months ended in Mar. 2024 was HK$ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was HK$-45 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. JL Mag Rare-Earth Co's Operating Income for the three months ended in Mar. 2024 was HK$ 123 Mil. JL Mag Rare-Earth Co's Interest Expense for the three months ended in Mar. 2024 was HK$ -7 Mil. JL Mag Rare-Earth Co's Interest Coverage for the quarter that ended in Mar. 2024 was 17.47. 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.

JL Mag Rare-Earth Co Interest Expense Historical Data

The historical data trend for JL Mag Rare-Earth 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.

JL Mag Rare-Earth Co Interest Expense Chart

JL Mag Rare-Earth Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-42.23

-69.50

-92.44

-74.36

-52.94

JL Mag Rare-Earth 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															-15.21	-14.29	-14.22	-9.55	-7.04

JL Mag Rare-Earth 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 HK$-45 Mil.

JL Mag Rare-Earth Co (HKSE:06680) 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.

JL Mag Rare-Earth Co's Interest Expense for the three months ended in Mar. 2024 was HK$-7 Mil. Its Operating Income for the three months ended in Mar. 2024 was HK$123 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was HK$784 Mil.

JL Mag Rare-Earth 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	*	122.975	/	-7.04
	=	17.47

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

JL Mag Rare-Earth Co (HKSE:06680) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JL Mag Rare-Earth Co Ltd (HKSE:06680) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

3KLA:Germany 300748:China

Address

81 West Jinling Road, Economic and Technological Development Zone, Jiangxi Province, Ganzhou, CHN, 341000

Website

https://www.jlmag.com.cn

JL Mag Rare-Earth, or JL Mag, is a leading global producer of high-performance rare earth permanent magnets, or REPMs. JL Mag focuses on the production and sale of NdFeB PMs, the most widely used type of REPMs, mainly made from an alloy of neodymium (Nd), iron (Fe) and boron (B). The company is ranked first in the world by high-performance REPMs, according to Frost & Sullivan. JL Mag is also ranked first in the global grain boundary diffusion, or GBD, REPMs market. Its products have a wide array of applications, mainly in new energy vehicles, or NEVs, automotive parts, wind turbine generators, energy-saving variable-frequency air-conditioners, or VFACs.

Executives

Zhu Que Ji Jin Guan Li You Xian Gong Si	2102 Investment manager
Cai Bao Gui	2201 Interest of corporation controlled by you
Hu Zhi Bin	2201 Interest of corporation controlled by you
Jiang Xi Rui De Chuang Ye Tou Zi You Xian Gong Si	2101 Beneficial owner
Li Xin Nong	2201 Interest of corporation controlled by you
Morgan Stanley	2201 Interest of corporation controlled by you
Citic Group Corporation	2201 Interest of corporation controlled by you
Zhong Guo Guo You Qi Ye Hun He Suo You Zhi Gai Ge Ji Jin You Xian Gong Si	2101 Beneficial owner
Zhong Guo Cheng Tong Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Xin Bao Cheng Ren Shou Bao Xian You Xian Gong Si	2101 Beneficial owner
Cr Alpha Investment Ii Limited
Prudential Plc	2101 Beneficial owner
Citic Polaris Limited	2201 Interest of corporation controlled by you
Citic Limited	2201 Interest of corporation controlled by you
China Resources (holdings) Company Limited

JL Mag Rare-Earth Co (HKSE:06680) Headlines

No Headlines