Shanghai M&G Stationery (SHSE:603899) Interest Expense : ¥-26 Mil (TTM As of Mar. 2024)

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What is Shanghai M&G Stationery Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai M&G Stationery's interest expense for the three months ended in Mar. 2024 was ¥ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-26 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. Shanghai M&G Stationery's Operating Income for the three months ended in Mar. 2024 was ¥ 478 Mil. Shanghai M&G Stationery's Interest Expense for the three months ended in Mar. 2024 was ¥ -7 Mil. Shanghai M&G Stationery's Interest Coverage for the quarter that ended in Mar. 2024 was 69.17. 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.

Shanghai M&G Stationery Interest Expense Historical Data

The historical data trend for Shanghai M&G Stationery'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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Shanghai M&G Stationery Interest Expense Chart

Shanghai M&G Stationery Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-8.39

-6.95

-22.85

-14.76

-25.00

Shanghai M&G Stationery 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															-5.89	-6.33	-6.27	-6.50	-6.91

Shanghai M&G Stationery 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 ¥-26 Mil.

Shanghai M&G Stationery (SHSE:603899) 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.

Shanghai M&G Stationery's Interest Expense for the three months ended in Mar. 2024 was ¥-7 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥478 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥218 Mil.

Shanghai M&G Stationery'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	*	477.953	/	-6.91
	=	69.17

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. Shanghai M&G Stationery Inc has enough cash to cover all of its debt. Its financial situation is stable.

Shanghai M&G Stationery (SHSE:603899) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai M&G Stationery Inc (SHSE:603899) » Definitions » Interest Expense

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Address

3469 Jinqian Road, Building 3, Fengxian District, Shanghai, CHN, 201406

Website

https://www.mg-pen.com

Shanghai M&G Stationery Inc is engaged in the production and distribution of stationery products in China. The company operates in four segments Office direct selling business and Traditional core business. The majority of the revenue is generated from the Traditional core business which is engaged in developing, manufacturing, and selling writing instruments, student stationery, office supplies, and other products. Its products include such as ballpoint pens, gel pens, mechanical pencils, highlighters, markers, roller pens, erasable gel pens, Pen refills, and other stationeries. The company provides and manufactures stationery products that include writing instruments, school stationery, office stationery, and other related products. The majority of the revenue is generated in China.

Executives

Zhou Yong Gan	senior management
Fu Chang	Directors, senior managers
Zhang Qing	senior management
Quan Qiang	senior management
Chen Hu Wen	Director
Chen Xue Ling	Director
Chen Hu Xiong	Director
Wu Lian Yin	senior management

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