Meituan (Meituan) Interest Expense : $-200 Mil (TTM As of Dec. 2023)

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What is Meituan Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Meituan's interest expense for the three months ended in Dec. 2023 was $ -51 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-200 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. Meituan's Operating Income for the three months ended in Dec. 2023 was $ 187 Mil. Meituan's Interest Expense for the three months ended in Dec. 2023 was $ -51 Mil. Meituan's Interest Coverage for the quarter that ended in Dec. 2023 was 3.64. 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.

Meituan Interest Expense Historical Data

The historical data trend for Meituan'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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Meituan Interest Expense Chart

Meituan Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-25.13

-52.83

-169.67

-227.09

-199.60

Meituan Quarterly Data
	Apr18	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-56.20	-51.30	-49.43	-48.09	-51.36

Meituan 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 $-200 Mil.

Meituan (OTCPK:MPNGY) 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.

Meituan's Interest Expense for the three months ended in Dec. 2023 was $-51 Mil. Its Operating Income for the three months ended in Dec. 2023 was $187 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $5,437 Mil.

Meituan'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	*	186.91	/	-51.361
	=	3.64

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

Meituan (Meituan) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meituan (OTCPK:MPNGY) » Definitions » Interest Expense

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MPNGF:USA 03690:Hong Kong 9MD:Germany

Address

No. 4 Wang Jing East Road, Block B and C, Hengjiweiye Building, Chaoyang District, Beijing, CHN, 100102

Website

https://about.meituan.com

Meituan is the largest food delivery service in China, with a 70.7% share of the market in 2020 per the Chinese government. For the quarter-ended Sept. 30, 2021, the firm generated 54.2% of revenue from food delivery services, 17.7% from hotel booking, coupon sales, advertising, and 28.1% from new initiatives. In the long term, its new initiatives business may transform the company into an all-encompassing grocer and logistics business involving community group buying, nonfood delivery, and online grocery, overtaking food delivery as its main business.