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BTR New Material Group Co (BJSE:835185) Interest Expense : ¥-252 Mil (TTM As of Mar. 2024)


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What is BTR New Material Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. BTR New Material Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -56 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-252 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. BTR New Material Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 368 Mil. BTR New Material Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -56 Mil. BTR New Material Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 6.61. 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.

BTR New Material Group Co Interest Expense Historical Data

The historical data trend for BTR New Material Group 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.

BTR New Material Group Co Interest Expense Chart

BTR New Material Group 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 -85.46 -93.26 -110.11 -201.53 -273.18

BTR New Material Group 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 -76.39 -65.88 -65.34 -65.56 -55.61

BTR New Material Group 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 ¥-252 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.

BTR New Material Group Co  (BJSE:835185) 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.

BTR New Material Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-56 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥368 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥5,081 Mil.

BTR New Material Group 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*367.719/-55.608
=6.61

* 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.

BTR New Material Group Co (BJSE:835185) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » BTR New Material Group Co Ltd (BJSE:835185) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 8, Guangyuan 4th Road, Dongkeng Community, Fenghuang Subdistrict, Guangming District, Shenzhen, CHN
Website
https://www.btrchina.com
BTR New Material Group Co Ltd is a manufacturer of cathode and anode materials for lithium-ion batteries. It is mainly engaged in graphite mining, graphite product manufacturing, and lithium-ion manufacture of positive electrode materials and negative electrode materials for batteries.

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