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Shuangliang Eco-Energy Systems Co (SHSE:600481) Interest Expense : ¥-393 Mil (TTM As of Mar. 2024)


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What is Shuangliang Eco-Energy Systems Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shuangliang Eco-Energy Systems Co's interest expense for the three months ended in Mar. 2024 was ¥ -117 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-393 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. Shuangliang Eco-Energy Systems Co's Operating Income for the three months ended in Mar. 2024 was ¥ 57 Mil. Shuangliang Eco-Energy Systems Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -117 Mil. Shuangliang Eco-Energy Systems Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.49. 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.

Shuangliang Eco-Energy Systems Co Interest Expense Historical Data

The historical data trend for Shuangliang Eco-Energy Systems 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.

Shuangliang Eco-Energy Systems Co Interest Expense Chart

Shuangliang Eco-Energy Systems 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 -19.47 -17.75 -34.69 -197.47 -348.64

Shuangliang Eco-Energy Systems 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 -72.82 -78.68 -89.57 -107.58 -117.01

Shuangliang Eco-Energy Systems 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 ¥-393 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.

Shuangliang Eco-Energy Systems Co  (SHSE:600481) 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.

Shuangliang Eco-Energy Systems Co's Interest Expense for the three months ended in Mar. 2024 was ¥-117 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥57 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥3,507 Mil.

Shuangliang Eco-Energy Systems 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*56.812/-117.005
=0.49

* 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.

Shuangliang Eco-Energy Systems Co (SHSE:600481) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shuangliang Eco-Energy Systems Co Ltd (SHSE:600481) » Definitions » Interest Expense
Comparable Companies
SZSE:300415 SZSE:300861 SZSE:301155 SZSE:300457 SZSE:300083 SHSE:600894 SZSE:300257 SZSE:002158 SHSE:603100 SZSE:002131 XTER:SIE XPAR:SU ETN OSTO:ATCO A ITW PH EMR XKRX:373220 AME OTIS
Traded in Other Exchanges
N/A
Address
Shuangliang Industrial Park, Ligang Town, Jiangyin, Jiangsu, CHN, 214444
Website
http://www.shuangliang.com
Shuangliang Eco-Energy Systems Co Ltd is a China-based company engaged in the development and manufacturing of energy and water conservation and environmental protection system. Its products include central air conditioning system, high-efficient heat transfer system, desalination system, sewage treatment system, and other energy conservation system.
Executives
Ma Xue Jun senior management
Wang Lei senior management
Wu Gang senior management
Liu Zheng Yu Directors, senior managers
Fan Gao Ding Director

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