Zhejiang Expressway Co (Zhejiang Expressway Co) Interest Expense : $-238 Mil (TTM As of Dec. 2023)

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What is Zhejiang Expressway Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhejiang Expressway Co's interest expense for the three months ended in Dec. 2023 was $ -110 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-238 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. Zhejiang Expressway Co's Operating Income for the three months ended in Dec. 2023 was $ 223 Mil. Zhejiang Expressway Co's Interest Expense for the three months ended in Dec. 2023 was $ -110 Mil. Zhejiang Expressway Co's Interest Coverage for the quarter that ended in Dec. 2023 was 2.03. 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.

Zhejiang Expressway Co Interest Expense Historical Data

The historical data trend for Zhejiang Expressway 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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Zhejiang Expressway Co Interest Expense Chart

Zhejiang Expressway Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-231.95

-320.91

-304.98

-271.73

-294.69

Zhejiang Expressway Co Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-75.41	-	-62.11	-109.81	-65.60

Zhejiang Expressway 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 $-238 Mil.

Zhejiang Expressway Co (OTCPK:ZHEXF) 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.

Zhejiang Expressway Co's Interest Expense for the three months ended in Dec. 2023 was $-110 Mil. Its Operating Income for the three months ended in Dec. 2023 was $223 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $6,129 Mil.

Zhejiang Expressway 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	*	223.212	/	-109.811
	=	2.03

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

Zhejiang Expressway Co (Zhejiang Expressway Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhejiang Expressway Co Ltd (OTCPK:ZHEXF) » Definitions » Interest Expense

Traded in Other Exchanges

00576:Hong Kong ZHJ:Germany

Address

199 Wuxing Road, 5th Floor, No. 2, Mingzhu International Business Center, Zhejiang Province, Hangzhou, CHN, 310020

Website

https://www.zjec.com.cn

Zhejiang Expressway Co Ltd is a Chinese infrastructure company which, through its subsidiaries, develops, maintains, and operates high-grade roads. The company organizes itself into three segments: toll road business, securities business, and other business. The company derives the majority of revenue and earnings from the toll road business. The securities business, the next most significant segment, provides brokerage services, including advisory, margin lending, and asset management. The company earns the entirety of revenue domestically.

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