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Shenma Industry Co (SHSE:600810) Interest Expense : ¥-491 Mil (TTM As of Jun. 2024)


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What is Shenma Industry Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shenma Industry Co's interest expense for the three months ended in Jun. 2024 was ¥ -106 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ¥-491 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. Shenma Industry Co's Operating Income for the three months ended in Jun. 2024 was ¥ 141 Mil. Shenma Industry Co's Interest Expense for the three months ended in Jun. 2024 was ¥ -106 Mil. Shenma Industry Co's Interest Coverage for the quarter that ended in Jun. 2024 was 1.33. 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.

Shenma Industry Co Interest Expense Historical Data

The historical data trend for Shenma Industry 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.

* Premium members only.

Shenma Industry Co Interest Expense Chart

Shenma Industry Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -224.01 -357.77 -441.12 -388.65 -486.02

Shenma Industry Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -135.23 -99.84 -155.62 -129.26 -105.87

Shenma Industry 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-491 Mil.

* 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.

Shenma Industry Co  (SHSE:600810) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Shenma Industry Co's Interest Expense for the three months ended in Jun. 2024 was ¥-106 Mil. Its Operating Income for the three months ended in Jun. 2024 was ¥141 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ¥11,186 Mil.

Shenma Industry Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*141/-105.873
=1.33

* 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.

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. Shenma Industry Co Ltd interest coverage is 1.14, which is low.

Shenma Industry Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenma Industry Co Ltd (SHSE:600810) » Definitions » Interest Expense
Comparable Companies
SZSE:002440 SZSE:300398 SZSE:300409 SZSE:002827 SHSE:603360 SZSE:300596 SZSE:300848 SHSE:603663 SHSE:603977 SHSE:603256 LIN XPAR:AI SHW ECL APD XSWX:SIKA ISX:TPIA XSWX:GIVN SHSE:600309 BOM:500820
Traded in Other Exchanges
N/A
Address
No. 63 Jianshe Middle Road, Pingdingshan, Henan, CHN, 467000
Website
http://www.shenma.com
Shenma Industry Co Ltd is engaged in the production and distribution of Nylon 66 tyre cord fabric and other types of industrial yarn in China. Its products include dry adipic acid, cyclohexanol, cyclohexane, nylon 66 grey cloth, nylon 66 dipped type cord fabric, nylon 66 dipping tire bead cloth, nylon 66 dipping canvas, and nylon 66 industrial yarn.
Executives
Liu Xin Ye Director
Xu Ren Gang Director
Li Hong Bin Director
Li Ben Bin Director
Qi Wen Bing Director
Zhang Dian Zi Director
Li Wei Director
Wei Wei Director

Shenma Industry Co Headlines

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