Fujian Tianma Science and Technology Group Co (SHSE:603668) Interest Expense : ¥-136 Mil (TTM As of Mar. 2024)

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What is Fujian Tianma Science and Technology Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fujian Tianma Science and Technology Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -26 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-136 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. Fujian Tianma Science and Technology Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 46 Mil. Fujian Tianma Science and Technology Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -26 Mil. Fujian Tianma Science and Technology Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.79. 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.

Fujian Tianma Science and Technology Group Co Interest Expense Historical Data

The historical data trend for Fujian Tianma Science and Technology 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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Fujian Tianma Science and Technology Group Co Interest Expense Chart

Fujian Tianma Science and Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-7.19

-17.45

0.01

-73.84

-131.91

Fujian Tianma Science and Technology 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															-21.34	-28.38	-52.64	-29.56	-25.85

Fujian Tianma Science and Technology 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 ¥-136 Mil.

Fujian Tianma Science and Technology Group Co (SHSE:603668) 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.

Fujian Tianma Science and Technology Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-26 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥46 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥978 Mil.

Fujian Tianma Science and Technology 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	*	46.377	/	-25.849
	=	1.79

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. Fujian Tianma Science and Technology Group Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Fujian Tianma Science and Technology Group Co (SHSE:603668) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fujian Tianma Science and Technology Group Co Ltd (SHSE:603668) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Shangyu Town Industrial Zone, Fujian Province, Fuqing, CHN, 350308

Website

http://www.jolma.cn

Fujian Tianma Science and Technology Group Co Ltd is engaged in development, production and sale of aquatic compound feedstuff. Its business scope covers special aquatic feed, bioengineering, international trade and other fields. The product portfolio of the company includes turbot, yellow catfish compound feed, squid compound feed, marine fish compound feed, turtle compound feed, golden carp mixed feed, blue larva compound feed, and bullfrog compound feed among others. The company has a business presence in China and other countries.

Executives

Shi Hui Hong	senior management
He Teng Fei	senior management
Chen Jia Cheng	Director
Ye Song Qing	senior management
He Xiu Ming	Supervisors
Lin Jia Xing	Director
Deng Xiao Hui	senior management
Zheng Kun	Director
Ceng Li Li	Director
Chen Qing Tang	Director
Wu Jing Hong	Supervisors
Yao Jian Zhong	Supervisors
Zhang Jiao Lin	Directors, senior managers
Xu Meng Hua	senior management
Chen Yan Si	senior management

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