Company / Interest Expense
IT TECH PACKAGING, INC. Interest Expense History
FY2015-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$984.5K
FY2023
5-year range
$926.4K / $1.1M
FY2019-FY2023
Trend
-4.2%
vs FY2022
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Interest Expense has fluctuated over the past 9 years, ranging from $926,368 in FY2020 to $3M in FY2017.
Based on SEC 10-K filings.
$984,518 in FY2023 with a 5-year CAGR of -16.6%.
Improved from $1M to $984,518 over the past 2 years.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +2.1%
- 5-Year CAGR
- -16.6%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of -16.6%, indicating a declining trend.
- In FY2023, interest expense decreased 4.2% year-over-year.
- Peak interest expense was recorded in FY2017.
- Lowest interest expense in the period was in FY2020.
Company context
Key Data Points
- Altman Z-Score 3.72 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | - | - |
| FY2023 | $984.5K | -4.2% |
| FY2022 | $1.0M | -8.6% |
| FY2021 | $1.1M | +21.4% |
| FY2020 | $926.4K | -37.9% |
| FY2019 | $1.5M | -38.7% |
| FY2018 | $2.4M | -7.1% |
| FY2017 | $2.6M | +81.2% |
| FY2016 | $1.4M | +45.3% |
| FY2015 | $995.7K | +14.2% |
As of FY2023 · SEC 10-K · Updated Jun 24, 2026