China Southern Airlines Co (China Southern Airlines Co) Interest Expense : $-314 Mil (TTM As of Mar. 2024)

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What is China Southern Airlines Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Southern Airlines Co's interest expense for the three months ended in Mar. 2024 was $ -206 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-314 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. China Southern Airlines Co's Operating Income for the three months ended in Mar. 2024 was $ 383 Mil. China Southern Airlines Co's Interest Expense for the three months ended in Mar. 2024 was $ -206 Mil. China Southern Airlines Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.86. 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.

China Southern Airlines Co Interest Expense Historical Data

The historical data trend for China Southern Airlines 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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China Southern Airlines Co Interest Expense Chart

China Southern Airlines Co Annual Data

Trend

Dec14

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Dec16

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Dec23

Interest Expense

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-79.99

-734.33

-589.39

-302.22

-326.04

China Southern Airlines Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-215.07	40.64	-439.30	289.77	-205.51

China Southern Airlines 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-314 Mil.

China Southern Airlines Co (OTCPK:CHKIF) 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.

China Southern Airlines Co's Interest Expense for the three months ended in Mar. 2024 was $-206 Mil. Its Operating Income for the three months ended in Mar. 2024 was $383 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $16,435 Mil.

China Southern Airlines Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	383.253	/	-205.513
	=	1.86

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. China Southern Airlines Co Ltd interest coverage is 3.59, which is low.

China Southern Airlines Co (China Southern Airlines Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Southern Airlines Co Ltd (OTCPK:CHKIF) » Definitions » Interest Expense

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01055:Hong Kong ZNHH:Germany 600029:China

Address

68 Qixin Road, China Southern Air Building, Baiyun District, Guangdong Province, Guangzhou, CHN, 510403

Website

https://www.csair.com

China Southern Airlines is based in Guangzhou and is one of the three largest state-owned airlines in China. The group operated a fleet of 894 aircraft as of 2022 and carried more than 150 million passengers in prepandemic 2019, ranking first in Asia. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs like Guangzhou and Beijing. The group's route network extends to over 243 destinations and 44 countries and regions.