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Hangjin Technology Co (SZSE:000818) Interest Expense : ¥-34 Mil (TTM As of Mar. 2024)


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What is Hangjin Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hangjin Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-34 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. Hangjin Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 95 Mil. Hangjin Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -6 Mil. Hangjin Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 15.31. 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.

Hangjin Technology Co Interest Expense Historical Data

The historical data trend for Hangjin Technology 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.

Hangjin Technology Co Interest Expense Chart

Hangjin Technology 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 -41.65 -44.53 -30.26 -24.18 -33.17

Hangjin Technology 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 -5.14 -7.17 -7.48 -13.39 -6.18

Hangjin Technology 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 ¥-34 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.

Hangjin Technology Co  (SZSE:000818) 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.

Hangjin Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-6 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥95 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥119 Mil.

Hangjin Technology 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*94.676/-6.182
=15.31

* 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.

Hangjin Technology Co (SZSE:000818) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hangjin Technology Co Ltd (SZSE:000818) » Definitions » Interest Expense
Comparable Companies
SZSE:300641 SHSE:605589 SZSE:002096 SZSE:002145 SHSE:601568 SZSE:002407 SZSE:002240 SHSE:603077 SZSE:002312 SZSE:000155 TSE:4063 SAU:2010 XTER:BAS DOW XKRX:051910 SHSE:600989 CE SZSE:002493 TSE:4091 XKLS:5183
Traded in Other Exchanges
N/A
Address
No. 1 Chemical Street, Lianshan District, Liaoning Province, Huludao, CHN, 125001
Website
http://www.hangjintechnology.com
Hangjin Technology Co Ltd engages in the manufacturing of chemical products in China. Its main products are caustic soda, polyvinyl chloride, propylene oxide, polyether, trichloroethylene, propylene glycol, and chlorinated benzenes. Geographically, the business activities are carried out through China.
Executives
Lu Zhi Jun Executives
Wang Di Fei Executives
Ding Xiao Hong Executives
Wang Dong Dong Directors, executives
Cai Wei Dong Director
Jin Yong Executives
Zhang Ge Liang Executives
Wang Xiao Xing Executives
Qian Yong Chun Executives
Zhang Jian Li Executives
Ding Gui Bao Directors, executives
Liu Chun Yan Independent director
Ou Yang Guo Liang Executives
Sun Gui Chen Director
Zhu Di Supervisors

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