Ningxia Orient Tantalum Industry Co (SZSE:000962) Interest Expense : ¥-2 Mil (TTM As of Mar. 2024)

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What is Ningxia Orient Tantalum Industry Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ningxia Orient Tantalum Industry Co's interest expense for the three months ended in Mar. 2024 was ¥ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-2 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. Ningxia Orient Tantalum Industry Co's Operating Income for the three months ended in Mar. 2024 was ¥ 29 Mil. Ningxia Orient Tantalum Industry Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -1 Mil. Ningxia Orient Tantalum Industry Co's Interest Coverage for the quarter that ended in Mar. 2024 was 43.88. 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.

Ningxia Orient Tantalum Industry Co Interest Expense Historical Data

The historical data trend for Ningxia Orient Tantalum 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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Ningxia Orient Tantalum Industry Co Interest Expense Chart

Ningxia Orient Tantalum Industry Co Annual Data

Trend

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Dec23

Interest Expense

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-13.24

-4.35

-2.06

-2.74

-2.05

Ningxia Orient Tantalum 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															-0.70	-0.59	-0.67	-0.10	-0.66

Ningxia Orient Tantalum 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 ¥-2 Mil.

Ningxia Orient Tantalum Industry Co (SZSE:000962) 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.

Ningxia Orient Tantalum Industry Co's Interest Expense for the three months ended in Mar. 2024 was ¥-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥29 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥2 Mil.

Ningxia Orient Tantalum 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	*	28.782	/	-0.656
	=	43.88

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

Ningxia Orient Tantalum Industry Co (SZSE:000962) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ningxia Orient Tantalum Industry Co Ltd (SZSE:000962) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No.119 Yanjin Road, Ningxia, Shizuishan, CHN, 753000

Website

http://www.otic.com.cn

Ningxia Orient Tantalum Industry Co Ltd is specialized in research, development, and production of rare metals in China. It produces metals and alloys of tantalum, niobium, beryllium, and titanium, as well as SiC and PV abrasive materials, battery energy materials and others. These products are used in electronics, communication, aviation, airspace, metallurgy, oil chemicals, lighting, sports, medicals, atomic energy, solar energy and other fields. The company distributes its products in both Chinese and overseas markets.

Executives

Jiang Bin	Executives
Nie Quan Xin	Executives
Sun Hui Zhi	Executives
Zheng Ai Guo	Executives
Ma Yue Zhong	Supervisors
Zhong Jing Ming	Director
Ye Zhao Guan	Executives
Sun Ben Shuang	Executives
Zhang Hui Zhen	Executives

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