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COSCO SHIPPING International (Hong Kong) Co (COSCO SHIPPING International (Hong Kong) Co) Interest Expense : $-0.1 Mil (TTM As of Dec. 2023)


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What is COSCO SHIPPING International (Hong Kong) Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. COSCO SHIPPING International (Hong Kong) Co's interest expense for the six months ended in Dec. 2023 was $ -0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.1 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. COSCO SHIPPING International (Hong Kong) Co's Operating Income for the six months ended in Dec. 2023 was $ 2.4 Mil. COSCO SHIPPING International (Hong Kong) Co's Interest Expense for the six months ended in Dec. 2023 was $ -0.0 Mil. COSCO SHIPPING International (Hong Kong) Co's Interest Coverage for the quarter that ended in Dec. 2023 was 76.00. 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.


COSCO SHIPPING International (Hong Kong) Co Interest Expense Historical Data

The historical data trend for COSCO SHIPPING International (Hong Kong) 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.

COSCO SHIPPING International (Hong Kong) Co Interest Expense Chart

COSCO SHIPPING International (Hong Kong) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.33 -0.29 -0.41 -0.08 -0.06

COSCO SHIPPING International (Hong Kong) Co 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 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 -0.14 -0.05 -0.03 -0.03 -0.03

COSCO SHIPPING International (Hong Kong) 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 semi-annually data reported by the company within the most recent 12 months, which was $-0.1 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.


COSCO SHIPPING International (Hong Kong) Co  (OTCPK:CHDGF) 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.

COSCO SHIPPING International (Hong Kong) Co's Interest Expense for the six months ended in Dec. 2023 was $-0.0 Mil. Its Operating Income for the six months ended in Dec. 2023 was $2.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $1.9 Mil.

COSCO SHIPPING International (Hong Kong) 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*2.356/-0.031
=76.00

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. COSCO SHIPPING International (Hong Kong) Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.


COSCO SHIPPING International (Hong Kong) Co (COSCO SHIPPING International (Hong Kong) Co) Business Description

Traded in Other Exchanges
Address
183 Queen's Road Central, 47th Floor, COSCO Tower, Hong Kong, HKG
COSCO SHIPPING International (Hong Kong) Co Ltd is a Hong Kong-based company engaged in services relating to shipbuilding, ship trading, and chartering for the fleet. It carries its operations in six segments including Coatings, Marine equipment and spare parts, Ship trading agency, Insurance brokerage, Marine fuel and other products, and General trading. The majority of its revenue comes from the sale of Marine equipment and spare parts. The company has a business network in Mainland China, Hong Kong, Singapore, Japan, Germany, and the USA, among other countries.

COSCO SHIPPING International (Hong Kong) Co (COSCO SHIPPING International (Hong Kong) Co) Headlines

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