Ningbo Color Master Batch Co (SZSE:301019) Interest Expense : ¥-3.9 Mil (TTM As of Mar. 2024)

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What is Ningbo Color Master Batch Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ningbo Color Master Batch Co's interest expense for the three months ended in Mar. 2024 was ¥ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-3.9 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. Ningbo Color Master Batch Co's Operating Income for the three months ended in Mar. 2024 was ¥ 22.4 Mil. Ningbo Color Master Batch Co's Interest Expense for the three months ended in Mar. 2024 was ¥ 0.0 Mil. Ningbo Color Master Batch Co has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Ningbo Color Master Batch Co Interest Expense Historical Data

The historical data trend for Ningbo Color Master Batch 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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Ningbo Color Master Batch Co Interest Expense Chart

Ningbo Color Master Batch Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3.66

-0.31

-0.10

-0.05

-0.10

Ningbo Color Master Batch Co Quarterly Data
	Dec18	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															-	-3.84	-0.01	-0.10	-

Ningbo Color Master Batch 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 ¥-3.9 Mil.

Ningbo Color Master Batch Co (SZSE:301019) 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.

Ningbo Color Master Batch Co's Interest Expense for the three months ended in Mar. 2024 was ¥0.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥22.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥0.0 Mil.

Ningbo Color Master Batch Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Ningbo Color Master Batch Co had no long-term debt ⁽¹⁾.

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

Ningbo Color Master Batch Co (SZSE:301019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ningbo Color Master Batch Co Ltd (SZSE:301019) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

168 Jinhui West Road, Panhuo Street, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315105

Website

http://www.muli.com.cn

Ningbo Masterbatch Co Ltd is engaged in research and development, production, sales and technical services of masterbatch. The company's products include Color masterbatch, Black masterbatch, White masterbatch, and Functional masterbatch. Its products are used in home appliances, food packaging, cosmetics, daily necessities, building materials, and automobiles.

Executives

Zhao Mao Hua	Director
Zu Wan Nian	Supervisors
Zhou Bi Hong	Director
Zhang Xu Bo	Supervisors

Ningbo Color Master Batch Co (SZSE:301019) Headlines

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