Sinopec Shandong Taishan Petroleum Co (SZSE:000554) Interest Expense : ¥-8 Mil (TTM As of Mar. 2024)

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What is Sinopec Shandong Taishan Petroleum Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sinopec Shandong Taishan Petroleum Co's interest expense for the three months ended in Mar. 2024 was ¥ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-8 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. Sinopec Shandong Taishan Petroleum Co's Operating Income for the three months ended in Mar. 2024 was ¥ 27 Mil. Sinopec Shandong Taishan Petroleum Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -1 Mil. Sinopec Shandong Taishan Petroleum Co's Interest Coverage for the quarter that ended in Mar. 2024 was 19.79. 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.

Sinopec Shandong Taishan Petroleum Co Interest Expense Historical Data

The historical data trend for Sinopec Shandong Taishan Petroleum 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.

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Sinopec Shandong Taishan Petroleum Co Interest Expense Chart

Sinopec Shandong Taishan Petroleum Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.28

-2.55

-6.84

-8.75

-8.05

Sinopec Shandong Taishan Petroleum 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															-1.28	-1.84	-3.34	-1.60	-1.36

Sinopec Shandong Taishan Petroleum 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 ¥-8 Mil.

Sinopec Shandong Taishan Petroleum Co (SZSE:000554) 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.

Sinopec Shandong Taishan Petroleum Co's Interest Expense for the three months ended in Mar. 2024 was ¥-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥27 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥96 Mil.

Sinopec Shandong Taishan Petroleum 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	*	26.854	/	-1.357
	=	19.79

The higher the ratio, the stronger the company's financial strength is.

Sinopec Shandong Taishan Petroleum Co (SZSE:000554) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Shandong Taishan Petroleum Co Ltd (SZSE:000554) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

369 Dongyue Street, Shandong Province, Tai'an, CHN

Website

Sinopec Shandong Taishan Petroleum Co Ltd is a China-based company mainly engaged in the purchase and sale of refined oil, natural gas and diesel fuel.

Executives

Ren Jun	Director
Sun Wei	Executives
Wu Yan Ming	Supervisors

Sinopec Shandong Taishan Petroleum Co (SZSE:000554) Headlines

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