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Shandong Linglong Tyre Co (SHSE:601966) Interest Expense : ¥-302 Mil (TTM As of Mar. 2024)


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What is Shandong Linglong Tyre Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shandong Linglong Tyre Co's interest expense for the three months ended in Mar. 2024 was ¥ -79 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-302 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. Shandong Linglong Tyre Co's Operating Income for the three months ended in Mar. 2024 was ¥ 671 Mil. Shandong Linglong Tyre Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -79 Mil. Shandong Linglong Tyre Co's Interest Coverage for the quarter that ended in Mar. 2024 was 8.46. 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.

Shandong Linglong Tyre Co Interest Expense Historical Data

The historical data trend for Shandong Linglong Tyre 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.

Shandong Linglong Tyre Co Interest Expense Chart

Shandong Linglong Tyre 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 -371.36 -267.78 -176.34 -166.37 -272.19

Shandong Linglong Tyre 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 -49.68 -70.11 -72.38 -80.02 -79.27

Shandong Linglong Tyre 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 ¥-302 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.

Shandong Linglong Tyre Co  (SHSE:601966) 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.

Shandong Linglong Tyre Co's Interest Expense for the three months ended in Mar. 2024 was ¥-79 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥671 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥3,606 Mil.

Shandong Linglong Tyre 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*670.875/-79.27
=8.46

* 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.

Shandong Linglong Tyre Co (SHSE:601966) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shandong Linglong Tyre Co Ltd (SHSE:601966) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 777, Jinlong Road, Shandong, Zhaoyuan, CHN, 265406
Website
http://www.linglong.cn
Shandong Linglong Tyre Co Ltd is a China-based tire manufacturing company engaged in the business of manufacturing and selling tires. Its product portfolio comprises of passenger car radial tires, light truck radial tires, truck and bus radial tires, specialty tires, winter tires, SUV tires and others. It offers tire products under the brands Linglong, LEAO, Infinity, Shanling, and Atlas.
Executives
Yang Ke Feng Director
Lv Xiao Yan senior management
Sun Song Tao senior management
Feng Bao Chun senior management

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