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Snowskylt Industry Group Co (SHSE:600929) Interest Expense : ¥-6 Mil (TTM As of Mar. 2024)


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What is Snowskylt Industry Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Snowskylt Industry Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-6 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. Snowskylt Industry Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 214 Mil. Snowskylt Industry Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -5 Mil. Snowskylt Industry Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 41.27. 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.


Snowskylt Industry Group Co Interest Expense Historical Data

The historical data trend for Snowskylt Industry 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.

* Premium members only.

Snowskylt Industry Group Co Interest Expense Chart

Snowskylt Industry Group 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 -2.69 -2.01 -0.54 -0.21 -0.18

Snowskylt Industry 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 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 0.38 -1.89 -5.97 7.31 -5.18

Snowskylt Industry 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 ¥-6 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.


Snowskylt Industry Group Co  (SHSE:600929) 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.

Snowskylt Industry Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-5 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥214 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥117 Mil.

Snowskylt Industry 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*213.905/-5.183
=41.27

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Snowsky Salt Industry Group Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.


Snowskylt Industry Group Co (SHSE:600929) Business Description

Traded in Other Exchanges
N/A
Address
No. 519 Jianxiang Road, Furong District, Hunan Province, Changsha, CHN, 410005
Snowsky Salt Industry Group Co Ltd formerly known as Hunan Salt Industry Co Ltd is mainly engaged in the production and sale of salt products. The main products include salt, small industrial salt, daily chemical salt and others.
Executives
Zhou Jian Director
Wang Ha Bin Director
Liu Shao Hua senior management
Wang Zhi Hui Supervisors
Li Peng Supervisors
Jiang You Jun senior management
Zhou Qun Hui senior management
Yang Li Shu senior management
Li Li Qun Supervisors
Liu Xiao Wei senior management
Li Ying Director
Chen Quan Sheng Director
Wu Rong Dou Director
Liu Xiao Zuo Director

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