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Fujian Jinsen Forestry Co (SZSE:002679) Interest Expense : ¥-53.2 Mil (TTM As of Mar. 2024)


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What is Fujian Jinsen Forestry Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fujian Jinsen Forestry Co's interest expense for the three months ended in Mar. 2024 was ¥ -12.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-53.2 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. Fujian Jinsen Forestry Co's Operating Income for the three months ended in Mar. 2024 was ¥ -8.2 Mil. Fujian Jinsen Forestry Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -12.6 Mil. Fujian Jinsen Forestry 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.

Fujian Jinsen Forestry Co Interest Expense Historical Data

The historical data trend for Fujian Jinsen Forestry 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.

Fujian Jinsen Forestry Co Interest Expense Chart

Fujian Jinsen Forestry 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 -44.02 -52.71 -51.21 -54.64 -53.37

Fujian Jinsen Forestry 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 -12.77 -13.48 -13.93 -13.19 -12.60

Fujian Jinsen Forestry 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 ¥-53.2 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.

Fujian Jinsen Forestry Co  (SZSE:002679) 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.

Fujian Jinsen Forestry Co's Interest Expense for the three months ended in Mar. 2024 was ¥-12.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-8.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥1,008.1 Mil.

Fujian Jinsen Forestry Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Fujian Jinsen Forestry 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Fujian Jinsen Forestry Co Ltd interest coverage is 1.04, which is low.

Fujian Jinsen Forestry Co (SZSE:002679) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Fujian Jinsen Forestry Co Ltd (SZSE:002679) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No.16,South Shuinansanhua Rd, Fujian Province, Sanming, CHN
Website
http://www.jinsenforestry.com
Fujian Jinsen Forestry Co Ltd is the forest resource cultivation enterprise in China. The principal business activities of the company include forest management, afforestation, and renewal; planting of flowers and other horticultural plants. In addition, the company sales wood products, bamboo products, and primary agricultural products. The company also invest in forestry and agricultural projects.
Executives
Zhuang Zi Min Supervisors
Liao Chen Hui Supervisors

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