Dehua Tb New Decoration Material Co (SZSE:002043) Interest Expense : ¥-8 Mil (TTM As of Mar. 2024)

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What is Dehua Tb New Decoration Material Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Dehua Tb New Decoration Material 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. Dehua Tb New Decoration Material Co's Operating Income for the three months ended in Mar. 2024 was ¥ 133 Mil. Dehua Tb New Decoration Material Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -1 Mil. Dehua Tb New Decoration Material Co's Interest Coverage for the quarter that ended in Mar. 2024 was 102.01. 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.

Dehua Tb New Decoration Material Co Interest Expense Historical Data

The historical data trend for Dehua Tb New Decoration Material 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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Dehua Tb New Decoration Material Co Interest Expense Chart

Dehua Tb New Decoration Material Co Annual Data

Trend

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Dec23

Interest Expense

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-41.65

-63.64

-40.84

-26.20

-10.29

Dehua Tb New Decoration Material 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															-3.20	-3.62	-2.36	-1.11	-1.31

Dehua Tb New Decoration Material 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.

Dehua Tb New Decoration Material Co (SZSE:002043) 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.

Dehua Tb New Decoration Material 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 ¥133 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥23 Mil.

Dehua Tb New Decoration Material 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	*	133.121	/	-1.305
	=	102.01

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. Dehua Tb New Decoration Material Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Dehua Tb New Decoration Material Co (SZSE:002043) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Dehua Tb New Decoration Material Co Ltd (SZSE:002043) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Luoshe Town Industrial Zone, Deqing County, Zhejiang Province, Huzhou, CHN, 313200

Website

http://www.tubaobao.com

Dehua Tb New Decoration Material Co Ltd is a China-based decorative plywood manufacturer. Its product portfolio comprises veneers, plywood, flitches, wooden doors, adhesive products, raw wood and single boards, and others. The company sells its products in China and also exports it to the other international countries.

Executives

Lu Li Hua	Directors, executives
Ding Guan Fen	Supervisors
Ni Liu Shun	Executives
Yao Yan Ying	Supervisors
Yao Hong Xia	Directors, executives
Zhuo Yan	Executives
Xu Jun	Directors, Directors, and Executives
Zhang Qi Sheng	Independent director
Sun Chao Kun	Executives
Wang Bin Bin	Executives

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