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Satellite Chemical Co (SZSE:002648) Interest Expense : ¥-502 Mil (TTM As of Mar. 2024)


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What is Satellite Chemical Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Satellite Chemical Co's interest expense for the three months ended in Mar. 2024 was ¥ -282 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-502 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. Satellite Chemical Co's Operating Income for the three months ended in Mar. 2024 was ¥ 1,488 Mil. Satellite Chemical Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -282 Mil. Satellite Chemical Co's Interest Coverage for the quarter that ended in Mar. 2024 was 5.27. 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.

Satellite Chemical Co Interest Expense Historical Data

The historical data trend for Satellite Chemical 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.

Satellite Chemical Co Interest Expense Chart

Satellite Chemical 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 -159.64 -202.18 -337.95 -858.37 -519.34

Satellite Chemical 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 -299.56 -299.54 -272.40 352.16 -282.21

Satellite Chemical 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 ¥-502 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.

Satellite Chemical Co  (SZSE:002648) 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.

Satellite Chemical Co's Interest Expense for the three months ended in Mar. 2024 was ¥-282 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥1,488 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥25,645 Mil.

Satellite Chemical 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*1488.172/-282.205
=5.27

* 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.

Satellite Chemical Co (SZSE:002648) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Satellite Chemical Co Ltd (SZSE:002648) » Definitions » Interest Expense
Comparable Companies
SZSE:002709 SHSE:603659 SZSE:002601 SHSE:688363 SZSE:300919 SHSE:600985 SZSE:002064 SHSE:603688 SZSE:300037 SHSE:600884 LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
Bujiao Road, Jia’xing Industrial Park, Zhejiang, CHN, 314050
Website
https://www.satlpec.com
Satellite Chemical Co Ltd formerly Zhejiang Satellite Petrochemical Co Ltd is a China-based acrylic acid manufacturer. It is involved in integrating research and development, production, sales and logistics of propylene, polypropylene, acrylic acid, high purity acrylic acid to an acrylic ester, polymer emulsion and high absorbent resin.
Executives
Jin Feng Fu Executives
Liu Shi Gang Executives
Yang Yu Ying Director
Cai Yong Sheng Executives
Kong Dong Independent director

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