Alibaba Health Information Technology (Alibaba Health Information Technology) Interest Expense : $-1 Mil (TTM As of Sep. 2023)

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What is Alibaba Health Information Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alibaba Health Information Technology's interest expense for the six months ended in Sep. 2023 was $ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-1 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. Alibaba Health Information Technology's Operating Income for the six months ended in Sep. 2023 was $ 44 Mil. Alibaba Health Information Technology's Interest Expense for the six months ended in Sep. 2023 was $ -0 Mil. Alibaba Health Information Technology's Interest Coverage for the quarter that ended in Sep. 2023 was 130.42. 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.

Alibaba Health Information Technology Interest Expense Historical Data

The historical data trend for Alibaba Health Information Technology'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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Alibaba Health Information Technology Interest Expense Chart

Alibaba Health Information Technology Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-4.17

-3.13

-0.38

-0.60

-0.85

Alibaba Health Information Technology Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.11	-0.49	-0.48	-0.36	-0.34

Alibaba Health Information Technology 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-1 Mil.

Alibaba Health Information Technology (OTCPK:ALBHF) 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.

Alibaba Health Information Technology's Interest Expense for the six months ended in Sep. 2023 was $-0 Mil. Its Operating Income for the six months ended in Sep. 2023 was $44 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was $7 Mil.

Alibaba Health Information Technology's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	43.82	/	-0.336
	=	130.42

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Alibaba Health Information Technology Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Alibaba Health Information Technology (Alibaba Health Information Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Alibaba Health Information Technology Ltd (OTCPK:ALBHF) » Definitions » Interest Expense

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ALBBY:USA 00241:Hong Kong TWYA:Germany TWY:Germany TWY:Germany

Address

Guanghua Road, 65/F, CITIC Tower, Building 1, No.10, Jianwai Subdistrict, Chaoyang District, Beijing, CHN

Website

https://www.alihealth.cn

Alibaba Health is of one of China's leading e-commerce platform specializing in healthcare-related products, including prescription drugs, OTC drugs, traditional Chinese medicine, health foods, and so on. The company operates both a third-party B2C service, or 3P, and its own direct-to-consumer business, or 1P, with its own inventory, which can both be accessed by Alibaba's Tmall app and Alipay. The company also provides online consultation services in a separate app called Yilu or "Dr. Deer", although its e-commerce businesses remain its core competency in the long-term. E-commerce accounted for 97% of revenue in fiscal year 2022. We estimate that AliHealth holds about 45% of market share in the industry in terms of GMV. AliHealth is 63.74% owned by its parent company, Alibaba Group.