Hubei Guochuang Hi-Tech Material Co (SZSE:002377) Interest Expense : ¥-14.9 Mil (TTM As of Mar. 2024)

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What is Hubei Guochuang Hi-Tech Material Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hubei Guochuang Hi-Tech Material Co's interest expense for the three months ended in Mar. 2024 was ¥ -4.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-14.9 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. Hubei Guochuang Hi-Tech Material Co's Operating Income for the three months ended in Mar. 2024 was ¥ -10.6 Mil. Hubei Guochuang Hi-Tech Material Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -4.2 Mil. Hubei Guochuang Hi-Tech Material 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.

Hubei Guochuang Hi-Tech Material Co Interest Expense Historical Data

The historical data trend for Hubei Guochuang Hi-Tech 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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Hubei Guochuang Hi-Tech Material Co Interest Expense Chart

Hubei Guochuang Hi-Tech Material Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-27.10

-16.27

-81.50

-44.11

-16.71

Hubei Guochuang Hi-Tech 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															-6.03	-5.49	-3.01	-2.17	-4.21

Hubei Guochuang Hi-Tech 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 ¥-14.9 Mil.

Hubei Guochuang Hi-Tech Material Co (SZSE:002377) 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.

Hubei Guochuang Hi-Tech Material Co's Interest Expense for the three months ended in Mar. 2024 was ¥-4.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-10.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥9.9 Mil.

Hubei Guochuang Hi-Tech Material Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Hubei Guochuang Hi-Tech Material Co did not have earnings to cover the interest expense.

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

Hubei Guochuang Hi-Tech Material Co (SZSE:002377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Hubei Guochuang Hi-Tech Material Co Ltd (SZSE:002377) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 8, Wudayuan 3rd Road, Donghu New Technology Development Zone, Hubei, Wuhan, CHN, 430223

Website

http://www.guochuang.com.cn

Hubei Guochuang Hi-Tech Material Co Ltd is a China-based company specializing in the research, design, production, and sales of modified asphalt, emulsified asphalt and other road materials and equipment. The materials are used for highways, electronic information, bioengineering, environmental engineering technology development and application, undertake modified asphalt road pavement projects, import and export of goods, and technology import and export. The product portfolio of the company includes modified asphalt, colored asphalt, cement asphalt mortar, and other products.

Executives

Peng Ya Chao	Directors, Directors, and Executives
Lv Hua Sheng	Directors, executives
Meng Jun Mei	Executives
Li Mou Yu	Executives
Ji Yong Hai	Executives
He Bin	Supervisors
Zhang Jing Jing	Supervisors
Wu Xin Mu	Independent director
Peng Bin	Directors, executives
Qian Jing	Directors, executives
Hao Li Qun	Director
Gao Tao	Directors, executives
Yin Shi Ming	Executives
Gao Qing Shou	Director
Hu Ling	Executives

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