Yongxing Special Materials Technology Co (SZSE:002756) Interest Expense : ¥-12 Mil (TTM As of Mar. 2024)

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What is Yongxing Special Materials Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Yongxing Special Materials Technology Co's interest expense for the three months ended in Mar. 2024 was ¥ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-12 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. Yongxing Special Materials Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥ 508 Mil. Yongxing Special Materials Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -8 Mil. Yongxing Special Materials Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 60.71. 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.

Yongxing Special Materials Technology Co Interest Expense Historical Data

The historical data trend for Yongxing Special Materials Technology 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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Yongxing Special Materials Technology Co Interest Expense Chart

Yongxing Special Materials Technology Co Annual Data

Trend

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Dec23

Interest Expense

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-3.86

-20.76

-8.09

-1.94

-3.55

Yongxing Special Materials Technology 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															-	-0.94	-1.50	-1.11	-8.37

Yongxing Special Materials Technology 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 ¥-12 Mil.

Yongxing Special Materials Technology Co (SZSE:002756) 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.

Yongxing Special Materials Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-8 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥508 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0 Mil.

Yongxing Special Materials Technology 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	*	507.964	/	-8.367
	=	60.71

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Yongxing Special Materials Technology Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Yongxing Special Materials Technology Co (SZSE:002756) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Yongxing Special Materials Technology Co Ltd (SZSE:002756) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Yangjiabu, Zhejiang province, Huzhou, CHN, 313005

Website

http://www.yongxingbxg.com

Yongxing Special Stainless Steel Co Ltd is engaged in the research and development and production of high-quality stainless steel and nickel-based iron-nickel-based alloy rods and wire. The products of the company are mainly used in petrochemicals, high-pressure boilers, nuclear power, equipment manufacturing, aerospace, and other industrial fields. The product portfolio includes - stainless steel bars, stainless steel wire, and special alloy.

Executives

Gao Yi Bin	Executives
Yao Guo Hua	Executives
Zou Wei Min	Director
Xu Feng	Directors, executives
Gu Jian Qiang	Director
Deng Qian Wen	Executives
Gao Xing Jiang	Directors, executives
Qiu Jian Rong	Directors, executives
Yang Hui	Director
Zhou Gui Rong	Director
Shen Hui Yu	Supervisors
Xu Fa Gen	Supervisors
Li Zheng Zhou	Director
Li De Chun	Director

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