Cheche Group (Cheche Group) Interest Expense : $-0.5 Mil (TTM As of Dec. 2022)

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What is Cheche Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cheche Group's interest expense for the six months ended in Dec. 2022 was $ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2022 was $-0.5 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. Cheche Group's Operating Income for the six months ended in Dec. 2022 was $ -5.1 Mil. Cheche Group's Interest Expense for the six months ended in Dec. 2022 was $ -0.1 Mil. Cheche Group did not have earnings to cover the interest expense. 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.

Cheche Group Interest Expense Historical Data

The historical data trend for Cheche Group'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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Cheche Group Interest Expense Chart

Cheche Group Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-1.02

-0.47

-0.20

Cheche Group Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Dec23
Interest Expense	-0.48	-0.54	-0.40	-0.09	-

Cheche Group 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 Dec. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.5 Mil.

Cheche Group (NAS:CCG) 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.

Cheche Group's Interest Expense for the six months ended in Dec. 2022 was $-0.1 Mil. Its Operating Income for the six months ended in Dec. 2022 was $-5.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2022 was $0.9 Mil.

Cheche Group's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Cheche Group did not have earnings to cover the interest expense.

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

Cheche Group (Cheche Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Cheche Group Inc (NAS:CCG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

13-1 Deshengmenwai Avenue, 8th Floor, Desheng Hopson Fortune Plaza, Xicheng, Beijing, CHN, 100088

Website

https://www.chechegroup.com

Cheche Group Inc is an insurtech company. It is China's independent technology-empowered platform for auto insurance transaction services by digital auto insurance transaction premiums and insurance technology companies. The company has reshaped the traditional auto insurance distribution and services value chain to create a digital platform by improving operational efficiencies, reducing transaction costs, and expanding distribution channels. Its business scope ranges from digital insurance transactions, SaaS platforms for insurance intermediaries, AI-driven insurance pricing and underwriting services, auto insurance services for new energy vehicle (NEV) manufacturers, green auto insurance innovations, etc.

Cheche Group (Cheche Group) Headlines

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