Ganfeng Lithium Group Co (SZSE:002460) Interest Expense : ¥-851 Mil (TTM As of Mar. 2024)

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What is Ganfeng Lithium Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ganfeng Lithium Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -236 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-851 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. Ganfeng Lithium Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ -183 Mil. Ganfeng Lithium Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -236 Mil. Ganfeng Lithium Group 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.

Ganfeng Lithium Group Co Interest Expense Historical Data

The historical data trend for Ganfeng Lithium Group 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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Ganfeng Lithium Group Co Interest Expense Chart

Ganfeng Lithium Group Co Annual Data

Trend

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Dec23

Interest Expense

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-205.00

-265.88

-264.86

-407.33

-784.31

Ganfeng Lithium Group 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															-169.06	-168.30	-229.52	-217.42	-235.73

Ganfeng Lithium Group 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 ¥-851 Mil.

Ganfeng Lithium Group Co (SZSE:002460) 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.

Ganfeng Lithium Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-236 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-183 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥16,650 Mil.

Ganfeng Lithium Group Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Ganfeng Lithium Group Co did not have earnings to cover the interest expense.

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. Ganfeng Lithium Group Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Ganfeng Lithium Group Co (SZSE:002460) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ganfeng Lithium Group Co Ltd (SZSE:002460) » Definitions » Interest Expense

Traded in Other Exchanges

GNENY:USA GNENF:USA 01772:Hong Kong 39EA:Germany

Address

248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG

Website

http://www.ganfenglithium.com

Founded in 2000, Ganfeng is the world's third largest and China's largest lithium compounds producer and the world's largest lithium metals producer in terms of production capacity. The company offers five major categories of more than 40 lithium compounds and metals products, which is one of the most comprehensive product offerings among the suppliers globally. Starting as a midstream manufacturer of lithium compounds and lithium metals, Ganfeng has successfully expanded into a vertically integrated business model with operations along the critical stages of the industry value chain, including upstream lithium extraction, midstream lithium compounds and metals processing, and downstream lithium battery production and recycling.

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