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Shanghai Chlor-alkali Chemical Co (SHSE:900908) Interest Expense : $-3 Mil (TTM As of Mar. 2024)


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What is Shanghai Chlor-alkali Chemical Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Chlor-alkali Chemical Co's interest expense for the three months ended in Mar. 2024 was $ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-3 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 Chlor-alkali Chemical Co's Operating Income for the three months ended in Mar. 2024 was $ 31 Mil. Shanghai Chlor-alkali Chemical Co's Interest Expense for the three months ended in Mar. 2024 was $ -2 Mil. Shanghai Chlor-alkali Chemical Co's Interest Coverage for the quarter that ended in Mar. 2024 was 19.27. 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 Chlor-alkali Chemical Co Interest Expense Historical Data

The historical data trend for Shanghai Chlor-alkali 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.

Shanghai Chlor-alkali Chemical Co Interest Expense Chart

Shanghai Chlor-alkali 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 -6.08 -2.24 -1.66 -0.29 -3.07

Shanghai Chlor-alkali 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 -1.68 1.37 -0.32 -2.50 -1.63

Shanghai Chlor-alkali 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 $-3 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.

Shanghai Chlor-alkali Chemical Co  (SHSE:900908) 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.

Shanghai Chlor-alkali Chemical Co's Interest Expense for the three months ended in Mar. 2024 was $-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was $31 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $167 Mil.

Shanghai Chlor-alkali Chemical 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*31.387/-1.629
=19.27

* 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.

Shanghai Chlor-alkali Chemical Co (SHSE:900908) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Chlor-alkali Chemical Co Ltd (SHSE:900908) » Definitions » Interest Expense
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SZSE:300641 SHSE:688150 SHSE:603026 SHSE:688690 SHSE:600063 SZSE:000059 SHSE:601208 SHSE:600955 SZSE:002326 SHSE:600746 TSE:4063 SAU:2010 XTER:BAS DOW XKRX:051910 CE SHSE:600989 SZSE:002493 TSE:4091 XKLS:5183
Traded in Other Exchanges
600618:China
Address
4747 Longwu Road, Shanghai, CHN, 00241
Website
http://www.scacc.com
Shanghai Chlor-alkali Chemical Co Ltd produces chemical products. The company's product portfolio includes sodium hydroxide, chlorine, chlorine products, polyvinyl chloride plastics resin and the products. It is focused on export markets in the Middle East, South America, and Africa for its sales performance. Its majority of revenues are from the production and sale of Chlorine products.

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