BAIC Motor (BAIC Motor) Interest Expense : $-30 Mil (TTM As of Dec. 2023)

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What is BAIC Motor Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. BAIC Motor's interest expense for the three months ended in Dec. 2023 was $ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-30 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. BAIC Motor's Operating Income for the three months ended in Dec. 2023 was $ 319 Mil. BAIC Motor's Interest Expense for the three months ended in Dec. 2023 was $ -1 Mil. BAIC Motor's Interest Coverage for the quarter that ended in Dec. 2023 was 309.19. 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.

BAIC Motor Interest Expense Historical Data

The historical data trend for BAIC Motor'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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BAIC Motor Interest Expense Chart

BAIC Motor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-150.62

-130.41

-129.72

-94.45

-69.34

BAIC Motor Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-	-94.45	-	-29.39	-1.03

BAIC Motor 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 $-30 Mil.

BAIC Motor (OTCPK:BMCLF) 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.

BAIC Motor's Interest Expense for the three months ended in Dec. 2023 was $-1 Mil. Its Operating Income for the three months ended in Dec. 2023 was $319 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $924 Mil.

BAIC Motor'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	*	319.084	/	-1.032
	=	309.19

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

BAIC Motor (BAIC Motor) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BAIC Motor Corp Ltd (OTCPK:BMCLF) » Definitions » Interest Expense

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BCCMY:USA 01958:Hong Kong 2B5:Germany

Address

No. 99 Shuanghe Street, A5-061, Unit 101, 5th Floor, Building No 1, Courtyard, Shunyi District, Beijing, CHN, 101300

Website

http://www.baicmotor.com

BAIC Motor Corp Ltd is a provincial state-owned enterprise that manufactures passenger vehicles (PV) and automotive components. The majority of BAIC's revenue and operating profits come from joint ventures with Mercedes Benz and Hyundai. The firm also manufactures and sells its own vehicles under the Beijing Brand.

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