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Chongqing Polycomp International (SZSE:301526) Interest Expense : ¥-362 Mil (TTM As of Mar. 2024)


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What is Chongqing Polycomp International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chongqing Polycomp International's interest expense for the three months ended in Mar. 2024 was ¥ -82 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-362 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. Chongqing Polycomp International's Operating Income for the three months ended in Mar. 2024 was ¥ 37 Mil. Chongqing Polycomp International's Interest Expense for the three months ended in Mar. 2024 was ¥ -82 Mil. Chongqing Polycomp International's Interest Coverage for the quarter that ended in Mar. 2024 was 0.45. 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.

Chongqing Polycomp International Interest Expense Historical Data

The historical data trend for Chongqing Polycomp International'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.

Chongqing Polycomp International Interest Expense Chart

Chongqing Polycomp International Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -340.03 -405.11 -344.83 -331.67 -356.67

Chongqing Polycomp International Quarterly Data
Dec18 Dec19 Dec20 Jun21 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 -76.54 -102.95 -77.07 -100.12 -82.24

Chongqing Polycomp International 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 ¥-362 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.

Chongqing Polycomp International  (SZSE:301526) 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.

Chongqing Polycomp International's Interest Expense for the three months ended in Mar. 2024 was ¥-82 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥37 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥4,543 Mil.

Chongqing Polycomp International'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*37.198/-82.24
=0.45

* 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. Chongqing Polycomp International Corp interest coverage is 1.89, which is low.

Chongqing Polycomp International (SZSE:301526) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Chongqing Polycomp International Corp (SZSE:301526) » Definitions » Interest Expense
Comparable Companies
Traded in Other Exchanges
N/A
Address
Area B, Jianqiao Industrial Park, Dadukou, Chongqing, CHN, 400082
Website
https://www.cpicfiber.com
Chongqing Polycomp International Corp is engaged in research & development, production and sales of glass fiber and its products.

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