Origin Agritech (Origin Agritech) Interest Expense : $-0.20 Mil (TTM As of Mar. 2024)

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What is Origin Agritech Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Origin Agritech's interest expense for the six months ended in Mar. 2024 was $ -0.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.20 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. Origin Agritech's Operating Income for the six months ended in Mar. 2024 was $ 0.59 Mil. Origin Agritech's Interest Expense for the six months ended in Mar. 2024 was $ -0.06 Mil. Origin Agritech's Interest Coverage for the quarter that ended in Mar. 2024 was 10.03. 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.

Origin Agritech Interest Expense Historical Data

The historical data trend for Origin Agritech'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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Origin Agritech Interest Expense Chart

Origin Agritech Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-0.66

-0.85

-1.33

-1.17

-0.14

Origin Agritech Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.02	-1.16	-	-0.14	-0.06

Origin Agritech 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 semi-annually data reported by the company within the most recent 12 months, which was $-0.20 Mil.

Origin Agritech (NAS:SEED) 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.

Origin Agritech's Interest Expense for the six months ended in Mar. 2024 was $-0.06 Mil. Its Operating Income for the six months ended in Mar. 2024 was $0.59 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was $0.02 Mil.

Origin Agritech'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	*	0.592	/	-0.059
	=	10.03

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

Origin Agritech (Origin Agritech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Origin Agritech Ltd (NAS:SEED) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

39O1:Germany

Address

No. 21 Sheng Ming Yuan Road, Changping District, Beijing, CHN, 102206

Website

http://www.originseed.com.cn

Origin Agritech Ltd is a Chinese agricultural technology company. In crop seed biotechnologies, the company's phytase corn was the first transgenic corn to receive the Bio-Safety Certificate from China's Ministry of Agriculture. Origin has established a robust biotechnology seed pipeline including products with glyphosate tolerance and pest resistance (Bt) traits.

Executives

Jeff Feinberg	10 percent owner	20600 NORTHRIDGE ROAD, CHATSWORTH CA 91311
Steven Urbach	director	C/O CHARDAN CAPITAL MARKETS, LLC, 17 STATE STREET, SUITE 2575, NEW YORK NY 10004
Michael D Chermak	director
Gengchen Han	director, officer: Chairman of the Board and CEO	21 SHENGMINGYUAN RD, CHANGPING DISTRICT, BEIJING F4 102206
Bailiang Zhang	director	95 WENHUA RD., HENAN AGRICULTURAL UNIVERSITY, ZHENGZHOU F4 450002
Dafang Huang	director	BIOTECHNOLOGY RESEARCH INSTITUTE, 12 ZHONGGUANCUN SOUTH AVE., BEIJING F4 100081
Remo Richli	director	IM NEUHOF 28, EMMENBRUCKE V8 6020
Richard D Propper	officer: VP for Corporate Development
Kerry Propper	director	CHARDAN CHINA ACQUISITION CORP, 777 SOUTH HIGHWAY 101, SOLANA BEACH CA 92075
Yasheng Yang	director, officer: President, Treasurer, COO	21 SHENGMINGYUAN RD, CHANGPING DISTRICT, BEIJING F4 102206
Liang Yuan	director, officer: Executive Vice Chairman	21 SHENGMINGYUAN RD, CHANGPING DISTRICT, BEIJING F4 102206