Tingyi (Cayman Islands) Holding (Tingyi (Cayman Islands) Holding) Interest Expense : $-73 Mil (TTM As of Dec. 2023)

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What is Tingyi (Cayman Islands) Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tingyi (Cayman Islands) Holding's interest expense for the six months ended in Dec. 2023 was $ -36 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-73 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. Tingyi (Cayman Islands) Holding's Operating Income for the six months ended in Dec. 2023 was $ 292 Mil. Tingyi (Cayman Islands) Holding's Interest Expense for the six months ended in Dec. 2023 was $ -36 Mil. Tingyi (Cayman Islands) Holding's Interest Coverage for the quarter that ended in Dec. 2023 was 8.17. 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.

Tingyi (Cayman Islands) Holding Interest Expense Historical Data

The historical data trend for Tingyi (Cayman Islands) Holding'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.

Tingyi (Cayman Islands) Holding Interest Expense Chart

Tingyi (Cayman Islands) Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-58.98

-53.31

-35.09

-63.98

-72.70

Tingyi (Cayman Islands) Holding 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															-17.43	-19.92	-44.84	-36.91	-35.68

Tingyi (Cayman Islands) Holding 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 $-73 Mil.

Tingyi (Cayman Islands) Holding (OTCPK:TCYMF) 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.

Tingyi (Cayman Islands) Holding's Interest Expense for the six months ended in Dec. 2023 was $-36 Mil. Its Operating Income for the six months ended in Dec. 2023 was $292 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $760 Mil.

Tingyi (Cayman Islands) Holding'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	*	291.558	/	-35.681
	=	8.17

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

Tingyi (Cayman Islands) Holding (Tingyi (Cayman Islands) Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tingyi (Cayman Islands) Holding Corp (OTCPK:TCYMF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TYCMY:USA 910322:Taiwan 00322:Hong Kong TYG:Germany TYG:Germany

Address

No. 1688, Wuzhong Road, Building A, Minhang District, Shanghai, CHN, 201103

Website

https://www.masterkong.com.cn

Tingyi is a leading producer of instant noodles and RTD beverages in China, with its Master Kong brand being the most widely known. The company commenced its instant noodle business in the country in 1992 and expanded into beverages in 1996. In March 2012, Tingyi formed a strategic alliance with PepsiCo and became the exclusive manufacturer and distributor of Pepsi's nonalcoholic drinks in China.

Tingyi (Cayman Islands) Holding (Tingyi (Cayman Islands) Holding) Headlines

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