China Oil And Gas Group (China Oil And Gas Group) Interest Expense : $-55 Mil (TTM As of Dec. 2023)

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What is China Oil And Gas Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Oil And Gas Group's interest expense for the six months ended in Dec. 2023 was $ -45 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-55 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. China Oil And Gas Group's Operating Income for the six months ended in Dec. 2023 was $ 36 Mil. China Oil And Gas Group's Interest Expense for the six months ended in Dec. 2023 was $ -45 Mil. China Oil And Gas Group's Interest Coverage for the quarter that ended in Dec. 2023 was 0.81. 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.

China Oil And Gas Group Interest Expense Historical Data

The historical data trend for China Oil And Gas 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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China Oil And Gas Group Interest Expense Chart

China Oil And Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-31.37

-38.51

-43.73

-57.75

-54.81

China Oil And Gas Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-39.54	-5.87	-51.83	-9.97	-44.82

China Oil And Gas 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-55 Mil.

China Oil And Gas Group (OTCPK:CLSZF) 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.

China Oil And Gas Group's Interest Expense for the six months ended in Dec. 2023 was $-45 Mil. Its Operating Income for the six months ended in Dec. 2023 was $36 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $522 Mil.

China Oil And Gas Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	36.319	/	-44.815
	=	0.81

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

China Oil And Gas Group (China Oil And Gas Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Oil And Gas Group Ltd (OTCPK:CLSZF) » Definitions » Interest Expense

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00603:Hong Kong GPI1:Germany

Address

255-257 Gloucester Road, Suite 2805, 28th Floor, Sino Plaza, Causeway Bay, Hong Kong, HKG

Website

https://www.hk603.com

China Oil And Gas Group Ltd and its subsidiaries are principally engaged in investment in natural gas and energy-related business. The business operations of the company include piped city gas business, pipeline design, and construction; transportation, distribution and sale of compressed natural gas and liquefied natural gas; and development, production and sale of crude oil and gas and other upstream energy resources. The company operates through the segments of Sales and distribution of natural gas and other related products; Gas pipeline construction and connection; Exploitation and production of crude oil and natural gas; and Production and sales of coal gasification and other related products. The majority of the company's revenue comes from Mainland China.