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COSCO SHIPPING Energy Transportation Co (FRA:HIFH) Interest Expense : €-191 Mil (TTM As of Dec. 2023)


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What is COSCO SHIPPING Energy Transportation Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. COSCO SHIPPING Energy Transportation Co's interest expense for the three months ended in Dec. 2023 was € -55 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-191 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. COSCO SHIPPING Energy Transportation Co's Operating Income for the three months ended in Dec. 2023 was € 132 Mil. COSCO SHIPPING Energy Transportation Co's Interest Expense for the three months ended in Dec. 2023 was € -55 Mil. COSCO SHIPPING Energy Transportation Co's Interest Coverage for the quarter that ended in Dec. 2023 was 2.41. 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.

COSCO SHIPPING Energy Transportation Co Interest Expense Historical Data

The historical data trend for COSCO SHIPPING Energy Transportation 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.

COSCO SHIPPING Energy Transportation Co Interest Expense Chart

COSCO SHIPPING Energy Transportation 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 -188.78 -136.21 -112.76 -141.40 -192.17

COSCO SHIPPING Energy Transportation Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -48.99 -42.14 -48.80 -54.96 -45.49

COSCO SHIPPING Energy Transportation 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-191 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.

COSCO SHIPPING Energy Transportation Co  (FRA:HIFH) 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.

COSCO SHIPPING Energy Transportation Co's Interest Expense for the three months ended in Dec. 2023 was €-55 Mil. Its Operating Income for the three months ended in Dec. 2023 was €132 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €3,154 Mil.

COSCO SHIPPING Energy Transportation Co'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*132.326/-54.955
=2.41

* 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.

COSCO SHIPPING Energy Transportation Co (FRA:HIFH) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Energy Transportation Co Ltd (FRA:HIFH) » Definitions » Interest Expense
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Traded in Other Exchanges
01138:Hong Kong HIFH:Germany 600026:China
Address
No.670 Dongdaming Road, 7th Floor, Hongkou District, Shanghai, CHN, 200080
Website
https://energy.coscoshipping.com
COSCO SHIPPING Energy Transportation Co Ltd engages in the shipping business. The firm's business covers oil shipping, which includes vessel chartering. The company operates through the following segments: Oil shipment, LNG and Others. The majority of the firm's revenue gets dominated by the Oil shipment segment.

COSCO SHIPPING Energy Transportation Co (FRA:HIFH) Headlines

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