Chu Kong Shipping Enterprises (Group) Co (HKSE:00560) Interest Expense : HK$-23 Mil (TTM As of Dec. 2023)

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What is Chu Kong Shipping Enterprises (Group) Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chu Kong Shipping Enterprises (Group) Co's interest expense for the six months ended in Dec. 2023 was HK$ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-23 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. Chu Kong Shipping Enterprises (Group) Co's Operating Income for the six months ended in Dec. 2023 was HK$ 54 Mil. Chu Kong Shipping Enterprises (Group) Co's Interest Expense for the six months ended in Dec. 2023 was HK$ -11 Mil. Chu Kong Shipping Enterprises (Group) Co's Interest Coverage for the quarter that ended in Dec. 2023 was 4.84. 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.

Chu Kong Shipping Enterprises (Group) Co Interest Expense Historical Data

The historical data trend for Chu Kong Shipping Enterprises (Group) 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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Chu Kong Shipping Enterprises (Group) Co Interest Expense Chart

Chu Kong Shipping Enterprises (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-12.40

-10.12

-11.51

-24.12

-23.25

Chu Kong Shipping Enterprises (Group) Co 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															-7.77	-8.82	-15.31	-12.07	-11.19

Chu Kong Shipping Enterprises (Group) 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 semi-annually data reported by the company within the most recent 12 months, which was HK$-23 Mil.

Chu Kong Shipping Enterprises (Group) Co (HKSE:00560) 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.

Chu Kong Shipping Enterprises (Group) Co's Interest Expense for the six months ended in Dec. 2023 was HK$-11 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$54 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$169 Mil.

Chu Kong Shipping Enterprises (Group) 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	*	54.156	/	-11.186
	=	4.84

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

Chu Kong Shipping Enterprises (Group) Co (HKSE:00560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chu Kong Shipping Enterprises (Group) Co Ltd (HKSE:00560) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

143 Connaught Road, 24th Floor, Chu Kong Shipping Tower, Central, Hong Kong, HKG

Website

https://www.cksd.com

Chu Kong Shipping Enterprises (Group) Co Ltd is an investment holding company, focusing mainly on terminal navigation logistics, high-speed waterway passenger transportation, and fuel supply business. The operating segments of the group are Cargo transportation; Cargo handling and storage; Passenger transportation; Fuel supply; and Corporate and other businesses. It derives key revenue from the Cargo transportation segment which consists of shipping agency, river trade cargo direct shipment and transhipment and container handling and trucking. The group's revenue is derived from operations carried out in Mainland China and Hong Kong.

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