The9 (NCTY) Interest Expense : $-4.39 Mil (TTM As of Dec. 2023)

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What is The9 Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The9's interest expense for the six months ended in Dec. 2023 was $ -1.07 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-4.39 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. The9's Operating Income for the six months ended in Dec. 2023 was $ -13.65 Mil. The9's Interest Expense for the six months ended in Dec. 2023 was $ -1.07 Mil. The9 did not have earnings to cover the interest expense. 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.

The9 Interest Expense Historical Data

The historical data trend for The9'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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The9 Interest Expense Chart

The9 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.92

-0.62

-18.71

-3.35

-4.40

The9 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															-11.75	-0.90	-2.48	-3.32	-1.07

The9 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 $-4.39 Mil.

The9 (NAS:NCTY) 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.

The9's Interest Expense for the six months ended in Dec. 2023 was $-1.07 Mil. Its Operating Income for the six months ended in Dec. 2023 was $-13.65 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $2.74 Mil.

The9's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

The9 did not have earnings to cover the interest expense.

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

The9 (NCTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » The9 Ltd (NAS:NCTY) » Definitions » Interest Expense

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FZK0:Germany

Address

17 Floor, No. 130 Wu Song Road, Hong Kou District, Shanghai, CHN, 200080

Website

https://www.the9.com

The9 Ltd is engaged in developing and operating online games and related services in China. It operates and develops proprietary and licensed online games, and proprietary mobile games, including CrossFire New Mobile Game and Audition. It generates online game service revenues primarily through an item-based revenue model, under which players play games for free, but are charged for in-game items, such as performance-enhancing items, clothing, and accessories. Geographically, it has a presence in Greater China (including PRC, Taiwan, Hong Kong, and Macau) and other areas.