Qinghailt Lake Industry Co (SZSE:000792) Interest Expense : ¥-195 Mil (TTM As of Mar. 2024)

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What is Qinghailt Lake Industry Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Qinghailt Lake Industry Co's interest expense for the three months ended in Mar. 2024 was ¥ -34 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-195 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. Qinghailt Lake Industry Co's Operating Income for the three months ended in Mar. 2024 was ¥ 976 Mil. Qinghailt Lake Industry Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -34 Mil. Qinghailt Lake Industry Co's Interest Coverage for the quarter that ended in Mar. 2024 was 28.40. 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.

Qinghailt Lake Industry Co Interest Expense Historical Data

The historical data trend for Qinghailt Lake Industry 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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Qinghailt Lake Industry Co Interest Expense Chart

Qinghailt Lake Industry Co Annual Data

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Interest Expense

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-1,463.13

-405.01

-289.77

-286.58

-215.38

Qinghailt Lake Industry 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															-54.54	-50.89	-49.93	-60.02	-34.35

Qinghailt Lake Industry 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 ¥-195 Mil.

Qinghailt Lake Industry Co (SZSE:000792) 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.

Qinghailt Lake Industry Co's Interest Expense for the three months ended in Mar. 2024 was ¥-34 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥976 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥251 Mil.

Qinghailt Lake Industry 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	*	975.732	/	-34.351
	=	28.40

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

Qinghailt Lake Industry Co (SZSE:000792) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Qinghai Salt Lake Industry Co Ltd (SZSE:000792) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

Qinghai Yellow River Road on the 28th, Golmud, CHN, 816000

Website

http://www.qhyhgf.com

Qinghai Salt Lake Industry Co Ltd operates in the dry inland Qarhan Salt Lake in Qinghai province. It is engaged in salt lake resource extraction and potash production. The company is engaged in the manufacture of chemical raw materials and chemical products. The company is located in Golmud City, Qinghai Province and is the largest potash fertilizer industrial production base in China.

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