Grandtop Yongxing Group Co (SHSE:601033) Interest Expense : ¥-600 Mil (TTM As of Mar. 2024)

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What is Grandtop Yongxing Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grandtop Yongxing Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -104 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-600 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. Grandtop Yongxing Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 335 Mil. Grandtop Yongxing Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -104 Mil. Grandtop Yongxing Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 3.24. 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.

Grandtop Yongxing Group Co Interest Expense Historical Data

The historical data trend for Grandtop Yongxing 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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Grandtop Yongxing Group Co Interest Expense Chart

Grandtop Yongxing Group Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-144.07

-188.18

-183.11

-300.64

-398.76

Grandtop Yongxing Group Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial							-103.64	-97.97	-304.33	-94.42	-103.54

Grandtop Yongxing 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 ¥-600 Mil.

Grandtop Yongxing Group Co (SHSE:601033) 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.

Grandtop Yongxing Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-104 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥335 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥9,750 Mil.

Grandtop Yongxing 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	*	335.063	/	-103.543
	=	3.24

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Grandtop Yongxing Group Co Ltd interest coverage is 1.96, which is low.

Grandtop Yongxing Group Co (SHSE:601033) Business Description

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Grandtop Yongxing Group Co Ltd is engaged in the waste incineration power generation business. The company focuses on clean energy production and focuses on the harmless, reduction, and resource utilization treatment of solid waste.

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