Luoyang JALON Micro-nano New Materials Co (SHSE:688357) Interest Expense : ¥-1.9 Mil (TTM As of Jun. 2024)

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What is Luoyang JALON Micro-nano New Materials Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Luoyang JALON Micro-nano New Materials Co's interest expense for the three months ended in Jun. 2024 was ¥ -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ¥-1.9 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. Luoyang JALON Micro-nano New Materials Co's Operating Income for the three months ended in Jun. 2024 was ¥ 16.0 Mil. Luoyang JALON Micro-nano New Materials Co's Interest Expense for the three months ended in Jun. 2024 was ¥ -0.4 Mil. Luoyang JALON Micro-nano New Materials Co's Interest Coverage for the quarter that ended in Jun. 2024 was 38.52. 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.

Luoyang JALON Micro-nano New Materials Co Interest Expense Historical Data

The historical data trend for Luoyang JALON Micro-nano 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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Luoyang JALON Micro-nano New Materials Co Interest Expense Chart

Luoyang JALON Micro-nano New Materials Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-8.10

-3.88

-0.22

-0.95

-1.06

Luoyang JALON Micro-nano New Materials 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															-3.18	-0.31	-0.46	-0.70	-0.42

Luoyang JALON Micro-nano 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-1.9 Mil.

Luoyang JALON Micro-nano New Materials Co (SHSE:688357) 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.

Luoyang JALON Micro-nano New Materials Co's Interest Expense for the three months ended in Jun. 2024 was ¥-0.4 Mil. Its Operating Income for the three months ended in Jun. 2024 was ¥16.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ¥638.5 Mil.

Luoyang JALON Micro-nano New Materials 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	*	16.026	/	-0.416
	=	38.52

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

Luoyang JALON Micro-nano New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Luoyang JALON Micro-nano New Materials Co Ltd (SHSE:688357) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Junmin Road, Industrial Cluster District, Henan, Yanshi, CHN, 471900

Website

http://www.jlchem.cn

Luoyang JALON Micro-nano New Materials Co Ltd is a manufacturer of Molecular Sieves, Molecular Sieve Powders and Synthetic Zeolite Powders. The company produces and sells adsorbent materials; catalytic materials; industrial sodium chloride; and chemical products. Its products are used in Hydrogen Purification, Medical & Industrial Oxygen Concentrator, Cryogenic Air Separation, Coating, Sealants, Adhesives, Natural Gas Dehydration and Sweetening, Refinery, Air Break System, Insulating Glass, Refrigerant Dehydration, and Ethanol Dehydration.

Executives

Xu Shi Ye	Core technical personnel
Wang Yu Feng	Core technical personnel
Bai Pu	Senior management, core technical personnel
Guo Yan Xia	Core technical personnel
Zhang Yan	Core technical personnel
Liu Qiao Xiang	Supervisors
Li Jian Bo	Director
Zhang Jing Tao	senior management
Ning Hong Bo	Supervisors
Li Chao Feng	Directors, senior managers

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