Shandong Meichen Ecology & Environment Co (SZSE:300237) Interest Expense : ¥-330 Mil (TTM As of Mar. 2024)

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What is Shandong Meichen Ecology & Environment Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shandong Meichen Ecology & Environment Co's interest expense for the three months ended in Mar. 2024 was ¥ -68 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-330 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. Shandong Meichen Ecology & Environment Co's Operating Income for the three months ended in Mar. 2024 was ¥ -64 Mil. Shandong Meichen Ecology & Environment Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -68 Mil. Shandong Meichen Ecology & Environment 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.

Shandong Meichen Ecology & Environment Co Interest Expense Historical Data

The historical data trend for Shandong Meichen Ecology & Environment 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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Shandong Meichen Ecology & Environment Co Interest Expense Chart

Shandong Meichen Ecology & Environment Co Annual Data

Trend

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Dec23

Interest Expense

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-206.07

-246.07

-316.43

-293.80

-339.89

Shandong Meichen Ecology & Environment 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															-77.67	-80.82	-83.23	-98.18	-68.18

Shandong Meichen Ecology & Environment 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 ¥-330 Mil.

Shandong Meichen Ecology & Environment Co (SZSE:300237) 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.

Shandong Meichen Ecology & Environment Co's Interest Expense for the three months ended in Mar. 2024 was ¥-68 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-64 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥829 Mil.

Shandong Meichen Ecology & Environment Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Shandong Meichen Ecology & Environment Co did not have earnings to cover the interest expense.

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

Shandong Meichen Ecology & Environment Co (SZSE:300237) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shandong Meichen Ecology & Environment Co Ltd (SZSE:300237) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Northern part of East Outer Ring, Shandong Province, Zhucheng City, CHN, 262200

Website

http://www.meichen.cc

Shandong Meichen Ecology & Environment Co Ltd is engaged in the research, development, manufacturing, and distribution of rubber hose, damping rubber, engineering plastics products and related raw materials in China. It operates in the business areas of Sophisticated high molecular material and Ecological environment protection. The sophisticated high molecular material area offers suspension products, system integration modified engineering plastics products, elastic products damping noise reduction, and fluid pipe products. Ecological environment protection includes services like an ecological garden, soil repair, city minerals, water ecological management and air detection management.

Executives

Xu Hai Qin	Director
Zhang Lei	Director
Zheng Zhao Wei	Director
Li Rong Hua	Directors, executives
Guo Bai Feng	Director
Ma Jing Chun	Director
Li Rui Long	Executives
Xiao Pan Wen	Directors, executives
Sun Pei Zhu	Directors, executives
Li Wei Gang	Secretary Dong
Zhen Ran	Supervisors
Zhao Xiang Yang	Independent director
Li Xiao Nan	Director

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