Hunan Valin Steel Co (SZSE:000932) Interest Expense : ¥-424 Mil (TTM As of Mar. 2024)

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What is Hunan Valin Steel Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hunan Valin Steel Co's interest expense for the three months ended in Mar. 2024 was ¥ -147 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-424 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. Hunan Valin Steel Co's Operating Income for the three months ended in Mar. 2024 was ¥ 872 Mil. Hunan Valin Steel Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -147 Mil. Hunan Valin Steel Co's Interest Coverage for the quarter that ended in Mar. 2024 was 5.91. 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.

Hunan Valin Steel Co Interest Expense Historical Data

The historical data trend for Hunan Valin Steel 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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Hunan Valin Steel Co Interest Expense Chart

Hunan Valin Steel Co Annual Data

Trend

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Dec23

Interest Expense

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-1,062.76

-755.46

-454.30

-316.74

-423.74

Hunan Valin Steel 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															-146.92	-87.05	-168.42	-21.36	-147.45

Hunan Valin Steel 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 ¥-424 Mil.

Hunan Valin Steel Co (SZSE:000932) 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.

Hunan Valin Steel Co's Interest Expense for the three months ended in Mar. 2024 was ¥-147 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥872 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥17,471 Mil.

Hunan Valin Steel 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	*	871.631	/	-147.446
	=	5.91

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

Hunan Valin Steel Co (SZSE:000932) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hunan Valin Steel Co Ltd (SZSE:000932) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No.222, Xiangfu West Road, Main Building of Hualingyuan, Tianxin District, Hunan, Changsha, CHN

Website

http://www.valin.cn

Hunan Valin Steel Co Ltd is engaged in the manufacture and distribution of steel products in China. It is also a steel solution provider.

Executives

Cheng Pei Xiang	Supervisors
Zuo Shao Huai	Supervisors
Yi Zuo	Supervisors
Yang Xiang Hong	Secretary Dong

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