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Adama (SZSE:000553) Interest Expense : ¥-1,235 Mil (TTM As of Mar. 2024)


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What is Adama Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Adama's interest expense for the three months ended in Mar. 2024 was ¥ -297 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-1,235 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. Adama's Operating Income for the three months ended in Mar. 2024 was ¥ 323 Mil. Adama's Interest Expense for the three months ended in Mar. 2024 was ¥ -297 Mil. Adama's Interest Coverage for the quarter that ended in Mar. 2024 was 1.09. 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.

Adama Interest Expense Historical Data

The historical data trend for Adama'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.

Adama Interest Expense Chart

Adama 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 -707.10 -724.91 -708.42 -826.71 -1,204.86

Adama 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 -267.29 -322.85 -283.47 -331.24 -297.10

Adama 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 ¥-1,235 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.

Adama  (SZSE:000553) 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.

Adama's Interest Expense for the three months ended in Mar. 2024 was ¥-297 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥323 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥10,696 Mil.

Adama'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*323.101/-297.099
=1.09

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Adama Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Adama (SZSE:000553) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Adama Ltd (SZSE:000553) » Definitions » Interest Expense
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Traded in Other Exchanges
200553:China
Address
No. 93, East Beijing Road, Hubei, Jingzhou, CHN, 434001
Website
https://www.adama.com
Adama Ltd produces farm chemicals for crop protection. It operates in two segments: Crop Protection and Intermediates & ingredients. The Crop Protection segment includes the manufacture and marketing of conventional agrochemical products and operations in the seeds sector. The intermediates & ingredients segment includes a large number of sub-fields, including Lycopan (an oxidization retardant), aromatic products, and other chemicals. The firm generates the vast majority of its revenue from the Crop Protection segment. Its geographical segments are Europe; Latin America; North America; Africa, Middle East, and India; and the Asia Pacific.
Executives
An Li Ru Director
Liu Zhi Ming Executives
Jiang Cheng Gang Supervisors
Ding Shao Jun Supervisors
Li Zuo Rong Director
Xu Bao Jian Supervisors
Liang Ji Qin Securities Affairs Representative
Zhang Jian Guo Supervisors
Liu Xing Ping Director

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