Sunresin New Materials Co Xi'an (SZSE:300487) Interest Expense : ¥-39 Mil (TTM As of Mar. 2024)

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What is Sunresin New Materials Co Xi'an Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sunresin New Materials Co Xi'an's interest expense for the three months ended in Mar. 2024 was ¥ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-39 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. Sunresin New Materials Co Xi'an's Operating Income for the three months ended in Mar. 2024 was ¥ 206 Mil. Sunresin New Materials Co Xi'an's Interest Expense for the three months ended in Mar. 2024 was ¥ -11 Mil. Sunresin New Materials Co Xi'an's Interest Coverage for the quarter that ended in Mar. 2024 was 18.96. 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.

Sunresin New Materials Co Xi'an Interest Expense Historical Data

The historical data trend for Sunresin New Materials Co Xi'an'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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Sunresin New Materials Co Xi'an Interest Expense Chart

Sunresin New Materials Co Xi'an Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-14.98

-13.65

-8.08

-6.24

-28.94

Sunresin New Materials Co Xi'an 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															-1.28	-7.87	-9.66	-10.13	-10.88

Sunresin New Materials Co Xi'an 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 ¥-39 Mil.

Sunresin New Materials Co Xi'an (SZSE:300487) 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.

Sunresin New Materials Co Xi'an's Interest Expense for the three months ended in Mar. 2024 was ¥-11 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥206 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥399 Mil.

Sunresin New Materials Co Xi'an'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	*	206.298	/	-10.88
	=	18.96

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

Sunresin New Materials Co Xi'an (SZSE:300487) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sunresin New Materials Co Ltd Xi'an (SZSE:300487) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 135, Jinye Road, Xi'an High-tech Development Zone, Sunresin Park, Shaanxi, CHN, 710076

Website

http://www.sunresin.com

Sunresin New Materials Co Ltd Xi'an is engaged in the research and development, manufacture, and sale of adsorption and separation polymeric resins and equipment. The company products are used in food and beverage purification, pharmaceuticals, herbal extracts, enzyme immobilization, chromatography media, membrane caustic soda, solid phase synthesis, biodiesel purification, hydrometallurgy, mining, precious metal recycling, aquarium treatment, and others.

Executives

An Yuan	Directors, executives
Li Sui Dang	Director
Li Yan Jun	Supervisors
Fan Wen Min	Supervisors
Wei Wei Jun	Directors, executives
Kou Xiao Kang	Directors, executives
Gao Yue Jing	Director
Zhang Cheng	Directors, executives
Yang Ya Ling	Supervisors
Wang Ri Sheng	Supervisors
Xu Shu E	Supervisors
Guan Li Min	Directors, executives
Su Bi Wu	Supervisors
Tian Xiao Jun	Directors, executives

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