Hubei Xingfa Chemicals Group Co (SHSE:600141) Interest Expense : ¥-30 Mil (TTM As of Mar. 2024)

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What is Hubei Xingfa Chemicals Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hubei Xingfa Chemicals Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -102 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-30 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. Hubei Xingfa Chemicals Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 581 Mil. Hubei Xingfa Chemicals Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -102 Mil. Hubei Xingfa Chemicals Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 5.69. 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.

Hubei Xingfa Chemicals Group Co Interest Expense Historical Data

The historical data trend for Hubei Xingfa Chemicals 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.

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Hubei Xingfa Chemicals Group Co Interest Expense Chart

Hubei Xingfa Chemicals Group Co Annual Data

Trend

Dec14

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Interest Expense

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-24.39

-522.39

-21.82

-8.69

-10.95

Hubei Xingfa Chemicals 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															-83.60	78.69	-231.12	225.08	-102.25

Hubei Xingfa Chemicals 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 ¥-30 Mil.

Hubei Xingfa Chemicals Group Co (SHSE:600141) 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.

Hubei Xingfa Chemicals Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-102 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥581 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥9,906 Mil.

Hubei Xingfa Chemicals Group 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	*	581.469	/	-102.253
	=	5.69

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

Hubei Xingfa Chemicals Group Co (SHSE:600141) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hubei Xingfa Chemicals Group Co Ltd (SHSE:600141) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

The Ancient Town Of Gaoyang Road, Cardiff 58, Xingshan County, Hubei Province, Yichang City, CHN, 443711

Website

http://www.xingfagroup.com

Hubei Xingfa Chemicals Group Co Ltd is engaged in developing, producing, and selling phosphoric products and fine chemicals primarily in China. The company offers phosphoric products, such as dicalcium phosphate, phosphoric acid, sodium tripolyphosphate, sodium hexametaphosphate, monosodium phosphate and trisodium phosphate food grade among others.

Executives

Bao Bo Ying	senior management
Hu Kun Yi	Director
Lu Ming Qing	senior management
Cheng Ya Li	Director
Liu Chang	senior management
Li Mei Hui	Supervisors
Yang Tie Jun	senior management
Chen Fang	Supervisors
Gong Jun	Supervisors
Xie Juan	Supervisors
Wang Jie	Director
Yuan Bing	Director
Shu Long	Director
Ni Xiao Shan	senior management
Li Shao Ping	senior management

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