Jiangsu Guoxin (SZSE:002608) Interest Expense : ¥-1,076 Mil (TTM As of Mar. 2024)

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What is Jiangsu Guoxin Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangsu Guoxin's interest expense for the three months ended in Mar. 2024 was ¥ -261 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-1,076 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. Jiangsu Guoxin's Operating Income for the three months ended in Mar. 2024 was ¥ 1,000 Mil. Jiangsu Guoxin's Interest Expense for the three months ended in Mar. 2024 was ¥ -261 Mil. Jiangsu Guoxin's Interest Coverage for the quarter that ended in Mar. 2024 was 3.83. 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.

Jiangsu Guoxin Interest Expense Historical Data

The historical data trend for Jiangsu Guoxin'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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Jiangsu Guoxin Interest Expense Chart

Jiangsu Guoxin Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-778.81

-853.52

-16.24

-15.31

-1,090.66

Jiangsu Guoxin 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															-275.85	275.17	-808.98	-281.01	-261.27

Jiangsu Guoxin 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 ¥-1,076 Mil.

Jiangsu Guoxin (SZSE:002608) 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.

Jiangsu Guoxin's Interest Expense for the three months ended in Mar. 2024 was ¥-261 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥1,000 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥30,009 Mil.

Jiangsu Guoxin'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	*	999.527	/	-261.273
	=	3.83

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Jiangsu Guoxin Corp Ltd interest coverage is 3.53, which is low.

Jiangsu Guoxin (SZSE:002608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Jiangsu Guoxin Corp Ltd (SZSE:002608) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 88 Changjiang Road, Xuanwu District, Jiangsu Province, Nanjing, CHN, 210005

Website

http://www.saintymarine.com.cn

Jiangsu Guoxin Corp Ltd is engaged in the thermal power production and related power services. Further it is also involved in coal and power sales business.

Executives

Li Xian Qiang	Executives
Weng Jun	Executives
Wang Jun Min	Director
Li Jiu	Directors, executives
Feng Qi	Directors, executives

Jiangsu Guoxin (SZSE:002608) Headlines

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