Anhui Genuine New Materials Co (SHSE:603429) Interest Expense : ¥-31.2 Mil (TTM As of Mar. 2024)

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What is Anhui Genuine New Materials Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Anhui Genuine New Materials Co's interest expense for the three months ended in Mar. 2024 was ¥ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-31.2 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. Anhui Genuine New Materials Co's Operating Income for the three months ended in Mar. 2024 was ¥ 62.9 Mil. Anhui Genuine New Materials Co's Interest Expense for the three months ended in Mar. 2024 was ¥ 0.0 Mil. Anhui Genuine New Materials Co has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Anhui Genuine New Materials Co Interest Expense Historical Data

The historical data trend for Anhui Genuine New Materials 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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Anhui Genuine New Materials Co Interest Expense Chart

Anhui Genuine New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.16

-0.79

-1.69

-2.12

-0.02

Anhui Genuine New Materials 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															-	-3.96	-	-27.24	-

Anhui Genuine New Materials 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 ¥-31.2 Mil.

Anhui Genuine New Materials Co (SHSE:603429) 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.

Anhui Genuine New Materials Co's Interest Expense for the three months ended in Mar. 2024 was ¥0.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥62.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0.0 Mil.

Anhui Genuine New Materials Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Anhui Genuine New Materials Co had no long-term debt ⁽¹⁾.

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

Anhui Genuine New Materials Co (SHSE:603429) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Anhui Genuine New Materials Co Ltd (SHSE:603429) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Taihu Economic Development Zone, The Taihu lake, Anhui Province, Anqing, CHN, 246400

Website

http://www.genuinepacking.com

Anhui Genuine New Materials Co Ltd is a China-based manufacturer engaged in printing and packaging materials. The products offered by the company are used for cigarette packaging, cosmetics, household appliances, electronic devices, textiles, automotive parts, greeting cards, furniture and other items. Its products include cigarette tipping paper, cigarette sealing paper, and thermal transfer foil. The cigarette tipping paper covers ordinary cigarette tipping paper series, middle-grade cigarette tipping paper series, and top-grade cigarette tipping paper series products. The Cigarette sealing paper product category and Thermal transfer foil product category includes common series and superior series products. The entity has a business presence in China and other countries.

Executives

Xu Shan Shui	Directors, senior managers
Zhao Ji Hui	Supervisors
Yang Jiang Tao	senior management
Liu Li Zheng	Directors, senior managers
Guo Shu Guang	Director
Yang Li Wang	senior management
Jiang Hua	senior management
Wu Zheng Xing	senior management
Sun Zhi Song	Director
Zhou Shao Jun	Director
Yang Er Guo	Director
Yang Ji Hong	senior management
Yan Shu Cheng	Supervisors
Yang Li Xin	Supervisors
Zhang Gong Ping	Supervisors

Anhui Genuine New Materials Co (SHSE:603429) Headlines

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