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Nantong Acetic Acid Chemical Co (SHSE:603968) Interest Expense : ¥-20 Mil (TTM As of Mar. 2024)


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What is Nantong Acetic Acid Chemical Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nantong Acetic Acid Chemical Co's interest expense for the three months ended in Mar. 2024 was ¥ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-20 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. Nantong Acetic Acid Chemical Co's Operating Income for the three months ended in Mar. 2024 was ¥ -2 Mil. Nantong Acetic Acid Chemical Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -6 Mil. Nantong Acetic Acid Chemical Co did not have earnings to cover the interest expense. 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.

Nantong Acetic Acid Chemical Co Interest Expense Historical Data

The historical data trend for Nantong Acetic Acid Chemical 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.

Nantong Acetic Acid Chemical Co Interest Expense Chart

Nantong Acetic Acid Chemical 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 -6.43 -7.04 -8.59 -11.65 -17.11

Nantong Acetic Acid Chemical 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 -3.06 -3.96 -5.07 -5.02 -5.53

Nantong Acetic Acid Chemical 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 ¥-20 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.

Nantong Acetic Acid Chemical Co  (SHSE:603968) 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.

Nantong Acetic Acid Chemical Co's Interest Expense for the three months ended in Mar. 2024 was ¥-6 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥137 Mil.

Nantong Acetic Acid Chemical Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Nantong Acetic Acid Chemical Co did not have earnings to cover the interest expense.

* 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.

Nantong Acetic Acid Chemical Co (SHSE:603968) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nantong Acetic Acid Chemical Co Ltd (SHSE:603968) » Definitions » Interest Expense
Comparable Companies
SHSE:605166 SHSE:688571 SZSE:002319 SZSE:301212 SZSE:300192 SZSE:300530 SZSE:300214 SZSE:002909 SZSE:002753 SHSE:603683 LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
Nantong Economic and Technological Development Zone, 968 Jiangshan Road, Jiangsu, CHN, 226009
Website
http://www.ntacf.com.cn
Nantong Acetic Acid Chemical Co Ltd deals in food and feed additives, pharmaceutical and pesticide intermediates, dye and pigment intermediates, and organic chemical raw materials. The product portfolio includes - sorbic acid, potassium sorbate, dehydroacetic acid, nicotinic acid, clopidol, methyl acetoacetate, acetoacetanilide, and others.
Executives
Qing Jiu Director
Yu Xin Nan Director
Tao Tao senior management
Xue Jin Quan senior management
Shuai Jian Xin senior management
Ding Cai Feng Director
Qian Jin senior management
Gu Qing Quan Director
Yan Mei Hua senior management

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