Kweichow Moutai Co (SHSE:600519) Interest Expense : ¥-13 Mil (TTM As of Dec. 2023)

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What is Kweichow Moutai Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kweichow Moutai Co's interest expense for the three months ended in Dec. 2023 was ¥ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ¥-13 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. Kweichow Moutai Co's Operating Income for the three months ended in Dec. 2023 was ¥ 30,063 Mil. Kweichow Moutai Co's Interest Expense for the three months ended in Dec. 2023 was ¥ -3 Mil. Kweichow Moutai Co's Interest Coverage for the quarter that ended in Dec. 2023 was 10,316.65. 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.

Kweichow Moutai Co Interest Expense Historical Data

The historical data trend for Kweichow Moutai 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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Kweichow Moutai Co Interest Expense Chart

Kweichow Moutai Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-28.13

-44.09

-13.53

-12.02

-12.63

Kweichow Moutai Co Quarterly Data
	Mar19	Jun19	Sep19	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															-3.30	-3.30	-2.96	-3.45	-2.91

Kweichow Moutai 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 ¥-13 Mil.

Kweichow Moutai Co (SHSE:600519) 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.

Kweichow Moutai Co's Interest Expense for the three months ended in Dec. 2023 was ¥-3 Mil. Its Operating Income for the three months ended in Dec. 2023 was ¥30,063 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ¥267 Mil.

Kweichow Moutai 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	*	30062.705	/	-2.914
	=	10,316.65

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. Kweichow Moutai Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Kweichow Moutai Co (SHSE:600519) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Kweichow Moutai Co Ltd (SHSE:600519) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Guizhou Province, Maotai Town, Renhuai, CHN, 564501

Website

http://www.moutaichina.com

Kweichow Moutai is one of China's leading liquor producers. The company was established in 1951 and its headquarters is located in Moutai Town, Guizhou province, southwest China. Its core product, 53-degree Feitian Moutai, is known as China's national drink and has been consumed during many high-profile historical and political events. Given its remarkable pricing power, premium product quality, and unparalleled brand strength, the company achieves the industry's highest retail prices and profit margins.

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