GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Fujian Guohang Ocean Shipping Group Co Ltd (BJSE:833171) » Definitions » Interest Expense

Fujian Guohang Ocean Shipping Group Co (BJSE:833171) Interest Expense : ¥-72.1 Mil (TTM As of Dec. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Fujian Guohang Ocean Shipping Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fujian Guohang Ocean Shipping Group Co's interest expense for the three months ended in Dec. 2024 was ¥ -27.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ¥-72.1 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. Fujian Guohang Ocean Shipping Group Co's Operating Income for the three months ended in Dec. 2024 was ¥ 32.8 Mil. Fujian Guohang Ocean Shipping Group Co's Interest Expense for the three months ended in Dec. 2024 was ¥ -27.4 Mil. Fujian Guohang Ocean Shipping Group Co's Interest Coverage for the quarter that ended in Dec. 2024 was 1.20. 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.


Fujian Guohang Ocean Shipping Group Co Interest Expense Historical Data

The historical data trend for Fujian Guohang Ocean Shipping Group 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.

* Premium members only.

Fujian Guohang Ocean Shipping Group Co Interest Expense Chart

Fujian Guohang Ocean Shipping Group Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -45.30 -79.49 -58.00 -32.18 -72.13

Fujian Guohang Ocean Shipping Group Co Quarterly Data
Dec19 Mar20 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.88 -9.34 -18.11 -17.31 -27.38

Fujian Guohang Ocean Shipping Group 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-72.1 Mil.

* 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.


Fujian Guohang Ocean Shipping Group Co  (BJSE:833171) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Fujian Guohang Ocean Shipping Group Co's Interest Expense for the three months ended in Dec. 2024 was ¥-27.4 Mil. Its Operating Income for the three months ended in Dec. 2024 was ¥32.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ¥859.4 Mil.

Fujian Guohang Ocean Shipping Group Co's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*32.822/-27.375
=1.20

* 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.

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Fujian Guohang Ocean Shipping Group Co Ltd interest coverage is 1.87, which is low.


Fujian Guohang Ocean Shipping Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 68-1 Jiangbin East Avenue, Floor 25, Building 1, Lanbo Bay, Mawei District, Fujian Province, Fuzhou City, CHN, 350015
Fujian Guohang Ocean Shipping Group Co Ltd provides integrated maritime shipping services. It offers Dry bulk cargo transportation business on the international ocean, domestic coastal, and middle and lower reaches of the Yangtze River. It offers general cargo ship transportation; ship technical consulting services; ships, marine electromechanical supporting equipment and marine materials, building materials, mechanical equipment, and chemical products.

Fujian Guohang Ocean Shipping Group Co Headlines

No Headlines