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Yantai Shuangta Food Co (SZSE:002481) Interest Expense : ¥-14 Mil (TTM As of Mar. 2024)


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What is Yantai Shuangta Food Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Yantai Shuangta Food 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 ¥-14 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. Yantai Shuangta Food Co's Operating Income for the three months ended in Mar. 2024 was ¥ 49 Mil. Yantai Shuangta Food Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -1 Mil. Yantai Shuangta Food Co's Interest Coverage for the quarter that ended in Mar. 2024 was 53.71. 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.

Yantai Shuangta Food Co Interest Expense Historical Data

The historical data trend for Yantai Shuangta Food 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.

Yantai Shuangta Food Co Interest Expense Chart

Yantai Shuangta Food 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 -50.23 -17.32 -19.94 -23.99 -15.28

Yantai Shuangta Food 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 -2.42 -2.97 -0.28 -9.61 -0.91

Yantai Shuangta Food 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 ¥-14 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.

Yantai Shuangta Food Co  (SZSE:002481) 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.

Yantai Shuangta Food 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 ¥49 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥138 Mil.

Yantai Shuangta Food 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*48.766/-0.908
=53.71

* 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.

Yantai Shuangta Food Co (SZSE:002481) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yantai Shuangta Food Co Ltd (SZSE:002481) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Jinling Town, Zhaoyuan city, Shandong province, CHN, 265404
Website
http://www.shuangtafensi.com
Yantai Shuangta Food Co Ltd is engaged in the production of vermicelli in China. The company's main products include pure bean vermicelli, grain vermicelli, sweet potato vermicelli, pea protein, dietary fiber and edible fungus, among others.
Executives
Li Yu Lin Directors, executives
Liu Shu Xian Director
Ma Ju Ping Supervisors
Yang Jun Min Director
Sui Jun Mei Directors, executives
Zhang Dai Min Directors, executives
Ma Dian Yun Supervisors
Zhao Xue Wei Independent director
Li Na Jun Securities Affairs Representative
Wang Mei Rong Supervisors
Shao Wan Bin Director

Yantai Shuangta Food Co (SZSE:002481) Headlines

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