GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » CNGR Advanced Materials Co Ltd (SZSE:300919) » Definitions » Interest Expense

CNGR Advanced Materials Co (SZSE:300919) Interest Expense : ¥-821 Mil (TTM As of Mar. 2024)


View and export this data going back to 2020. Start your Free Trial

What is CNGR Advanced Materials Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CNGR Advanced Materials Co's interest expense for the three months ended in Mar. 2024 was ¥ -212 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-821 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. CNGR Advanced Materials Co's Operating Income for the three months ended in Mar. 2024 was ¥ 807 Mil. CNGR Advanced Materials Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -212 Mil. CNGR Advanced Materials Co's Interest Coverage for the quarter that ended in Mar. 2024 was 3.81. 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.

CNGR Advanced Materials Co Interest Expense Historical Data

The historical data trend for CNGR Advanced Materials 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.

CNGR Advanced Materials Co Interest Expense Chart

CNGR Advanced Materials Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -376.41 -62.32 -105.48 -527.77 -784.00

CNGR Advanced Materials 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 -175.32 -184.66 -184.85 -239.16 -212.17

CNGR Advanced Materials 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 ¥-821 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.

CNGR Advanced Materials Co  (SZSE:300919) 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.

CNGR Advanced Materials Co's Interest Expense for the three months ended in Mar. 2024 was ¥-212 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥807 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥17,392 Mil.

CNGR Advanced Materials 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*807.435/-212.169
=3.81

* 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.

CNGR Advanced Materials Co (SZSE:300919) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » CNGR Advanced Materials Co Ltd (SZSE:300919) » Definitions » Interest Expense
Comparable Companies
SHSE:688363 SZSE:002064 SHSE:600985 SHSE:603688 SZSE:300037 SHSE:600884 SHSE:603737 SZSE:000831 SZSE:002601 SHSE:600873 LIN XPAR:AI APD SHW ECL XSWX:SIKA SHSE:600309 BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
Industrial Base, No. 2 Trunk Road and No. 1 Trunk Road, Dalong Economic Development Zone, Guizhou Province, Tongren, CHN, 554001
Website
http://www.cngrgf.com.cn
CNGR Advanced Materials Co Ltd is engaged in the research and development, production, processing and sales of lithium battery cathode material precursors. The main products include ternary precursors and cobalt tetroxide, which are used to produce ternary cathode materials and lithium cobalt oxide cathode materials.
Executives
He Qi Zhong Supervisors

CNGR Advanced Materials Co (SZSE:300919) Headlines

No Headlines