China Taiping Insurance Holdings Co (China Taiping Insurance Holdings Co) Interest Expense : $-481 Mil (TTM As of Dec. 2023)

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What is China Taiping Insurance Holdings Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Taiping Insurance Holdings Co's interest expense for the six months ended in Dec. 2023 was $ -262 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-481 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. China Taiping Insurance Holdings Co's Operating Income for the six months ended in Dec. 2023 was $ 750 Mil. China Taiping Insurance Holdings Co's Interest Expense for the six months ended in Dec. 2023 was $ -262 Mil. China Taiping Insurance Holdings Co's Interest Coverage for the quarter that ended in Dec. 2023 was 2.86. 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.

China Taiping Insurance Holdings Co Interest Expense Historical Data

The historical data trend for China Taiping Insurance Holdings 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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China Taiping Insurance Holdings Co Interest Expense Chart

China Taiping Insurance Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-298.35

-282.56

-305.36

-401.19

-481.93

China Taiping Insurance Holdings 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															-164.38	-197.16	-202.44	-219.21	-262.06

China Taiping Insurance Holdings 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 $-481 Mil.

China Taiping Insurance Holdings Co (OTCPK:CINSF) 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.

China Taiping Insurance Holdings Co's Interest Expense for the six months ended in Dec. 2023 was $-262 Mil. Its EBIT for the six months ended in Dec. 2023 was $750 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $7,119 Mil.

China Taiping Insurance Holdings Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	750.376	/	-262.064
	=	2.86

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

China Taiping Insurance Holdings Co (China Taiping Insurance Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » China Taiping Insurance Holdings Co Ltd (OTCPK:CINSF) » Definitions » Interest Expense

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Traded in Other Exchanges

00966:Hong Kong HIUC:Germany

Address

18 King Wah Road, 25th Floor, North Point, Hong Kong, HKG

Website

https://www.ctih.cntaiping.com

China Taiping Insurance Holdings Co Ltd is a holding company, which through its subsidiaries, sells insurance products and offers a variety of investment management services. The company sells life, property and casualty, reinsurance, and pension insurance products. The firm also operates asset management and real estate management services. The majority of China Taiping Insurance's income is derived from life insurance, with the People's Republic of China contributing the largest portion of company revenue. The Group consists of business segments: the life insurance business, property and casualty insurance business, Pension and group life insurance business, reinsurance business and Others. Majority of revenue is generated from the life insurance business.

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