Fujian Acetron New Materials Co (SZSE:300706) Interest Expense : ¥-20 Mil (TTM As of Mar. 2024)

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What is Fujian Acetron New Materials Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fujian Acetron New Materials Co's interest expense for the three months ended in Mar. 2024 was ¥ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-20 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. Fujian Acetron New Materials Co's Operating Income for the three months ended in Mar. 2024 was ¥ 1 Mil. Fujian Acetron New Materials Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -5 Mil. Fujian Acetron New Materials Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.14. 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.

Fujian Acetron New Materials Co Interest Expense Historical Data

The historical data trend for Fujian Acetron New Materials 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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Fujian Acetron New Materials Co Interest Expense Chart

Fujian Acetron New Materials Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-8.50

-14.69

-18.96

-15.25

-18.18

Fujian Acetron New Materials 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															-3.17	-5.88	-1.26	-7.87	-5.08

Fujian Acetron New Materials 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 ¥-20 Mil.

Fujian Acetron New Materials Co (SZSE:300706) 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.

Fujian Acetron New Materials Co's Interest Expense for the three months ended in Mar. 2024 was ¥-5 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥52 Mil.

Fujian Acetron New Materials 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	*	0.704	/	-5.08
	=	0.14

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

Fujian Acetron New Materials Co (SZSE:300706) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Fujian Acetron New Materials Co Ltd (SZSE:300706) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Hangcheng Street, No.169, Taipingli, Qinjiang Village, Fujian Province, Changle, CHN, 350200

Website

http://www.acetron.com.cn

Fujian Acetron New Materials Co Ltd is engaged in research and development, production and sale of coating materials. The company mainly produces vacuum evaporation and sputter coating materials for optics, semiconductors, flat-panel displays and surface decoration. Its products are widely used in flat panel display, optical components, energy-saving glass and other fields. The company's products are distributed all over the world and are primarily exported to the developed countries such as Japan, the United States, Germany and Korea.

Executives

Chen Zheng Wei	Director
Chen Qin Zhong	Directors, executives
Chen Ben Song	Directors, executives

Fujian Acetron New Materials Co (SZSE:300706) Headlines

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