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Shanxi Taigang Stainless Steel Co (SZSE:000825) Interest Expense : ¥-241 Mil (TTM As of Mar. 2024)


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What is Shanxi Taigang Stainless Steel Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanxi Taigang Stainless Steel Co's interest expense for the three months ended in Mar. 2024 was ¥ -36 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-241 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. Shanxi Taigang Stainless Steel Co's Operating Income for the three months ended in Mar. 2024 was ¥ -21 Mil. Shanxi Taigang Stainless Steel Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -36 Mil. Shanxi Taigang Stainless Steel Co did not have earnings to cover the interest expense. 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.

Shanxi Taigang Stainless Steel Co Interest Expense Historical Data

The historical data trend for Shanxi Taigang Stainless Steel 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.

Shanxi Taigang Stainless Steel Co Interest Expense Chart

Shanxi Taigang Stainless Steel 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 -955.39 -848.96 -576.90 -335.26 -281.85

Shanxi Taigang Stainless Steel 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 -77.03 -83.81 -68.54 -52.48 -36.02

Shanxi Taigang Stainless Steel 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 ¥-241 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.

Shanxi Taigang Stainless Steel Co  (SZSE:000825) 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.

Shanxi Taigang Stainless Steel Co's Interest Expense for the three months ended in Mar. 2024 was ¥-36 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-21 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥9,522 Mil.

Shanxi Taigang Stainless Steel Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Shanxi Taigang Stainless Steel Co did not have earnings to cover the interest expense.

* 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.

Shanxi Taigang Stainless Steel Co (SZSE:000825) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shanxi Taigang Stainless Steel Co Ltd (SZSE:000825) » Definitions » Interest Expense
Comparable Companies
SZSE:000709 SHSE:600072 SZSE:000898 SZSE:002318 SZSE:002756 SZSE:000959 SHSE:600126 SZSE:001203 SHSE:600808 SZSE:000778 NUE BOM:500228 NSE:TATASTEEL SHSE:600019 XKRX:005490 STLD XAMS:MT TSE:5401 MIC:CHMF RS
Traded in Other Exchanges
N/A
Address
No. 2 Jiancaoping Street, Taiyuan, Shanxi, CHN, 030003
Website
http://tgbx.tisco.com.cn
Shanxi Taigang Stainless Steel Co Ltd is a provider of stainless steel. The companies main products are stainless steel, cold-rolled silicon steel, carbon steel hot-rolled coil, train axle steel, alloy die steel, and military steel. Companies products are used in industries such as petroleum, petrochemical, railway, automobile, shipbuilding, container, coinage.
Executives
Wang Bai Dong Executives
Tian Wen Chang Independent director
Hu Yu Ting Director
Liu Fu Xing Directors, executives
Zhang Wen Xiao Supervisors
Li Cheng Director
Guo Cun He Supervisors

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