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COSCO SHIPPING Holdings Co (COSCO SHIPPING Holdings Co) Interest Expense : $-504 Mil (TTM As of Dec. 2023)


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What is COSCO SHIPPING Holdings Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. COSCO SHIPPING Holdings Co's interest expense for the three months ended in Dec. 2023 was $ -128 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-504 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 Holdings Co's Operating Income for the three months ended in Dec. 2023 was $ 135 Mil. COSCO SHIPPING Holdings Co's Interest Expense for the three months ended in Dec. 2023 was $ -128 Mil. COSCO SHIPPING Holdings Co's Interest Coverage for the quarter that ended in Dec. 2023 was 1.06. 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 Holdings Co Interest Expense Historical Data

The historical data trend for COSCO SHIPPING Holdings 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 Holdings Co Interest Expense Chart

COSCO SHIPPING Holdings 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 -778.87 -624.52 -564.18 -527.97 -503.17

COSCO SHIPPING Holdings 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 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 -140.40 -126.29 -125.34 -125.00 -127.81

COSCO SHIPPING Holdings 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 $-504 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 Holdings Co  (OTCPK:CICOY) 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 Holdings Co's Interest Expense for the three months ended in Dec. 2023 was $-128 Mil. Its Operating Income for the three months ended in Dec. 2023 was $135 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $9,045 Mil.

COSCO SHIPPING Holdings 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*135.202/-127.814
=1.06

* 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.

COSCO SHIPPING Holdings Co (COSCO SHIPPING Holdings Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Holdings Co Ltd (OTCPK:CICOY) » Definitions » Interest Expense
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HKSE:01138 HKSE:00316 HKSE:06198 HKSE:01308 HKSE:00144 HKSE:03369 HKSE:01199 HKSE:02343 HKSE:00517 HKSE:03382 BOM:532921 XTER:HLAG OCSE:MAERSK B SHSE:600018 TSE:9101 TPE:2603 PHS:ICT TSE:9104 SHSE:601018 TSE:9107
Traded in Other Exchanges
CICOF:USA 01919:Hong Kong C6G0:Germany C6G:Germany C6G:Germany C6G:Germany 601919:China
Address
No. 658 Dong Da Ming Road, 8th Floor, Shanghai, CHN, 200080
Website
https://hold.coscoshipping.com
COSCO SHIPPING Holdings Co Ltd is an investment holding company. The company's operating segment includes the Container shipping business, Terminal business, and Corporate and other operations. It generates maximum revenue from the Container shipping business segment. Its geographical segments includes America, Europe, Asia Pacific, Mainland China, Other international market.

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