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Chijet Motor Co (Chijet Motor Co) Interest Expense : $-14.82 Mil (TTM As of Dec. 2023)


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What is Chijet Motor Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chijet Motor Co's interest expense for the six months ended in Dec. 2023 was $ -7.33 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-14.82 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. Chijet Motor Co's Operating Income for the six months ended in Dec. 2023 was $ -34.02 Mil. Chijet Motor Co's Interest Expense for the six months ended in Dec. 2023 was $ -7.33 Mil. Chijet Motor Co did not have earnings to cover the interest expense. 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.

Chijet Motor Co Interest Expense Historical Data

The historical data trend for Chijet Motor 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.

Chijet Motor Co Interest Expense Chart

Chijet Motor Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Interest Expense
-20.59 -16.10 -14.72 -14.82

Chijet Motor Co Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Interest Expense Get a 7-Day Free Trial -7.56 -7.35 -7.38 -7.49 -7.33

Chijet Motor 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 $-14.82 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.

Chijet Motor Co  (NAS:CJET) 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.

Chijet Motor Co's Interest Expense for the six months ended in Dec. 2023 was $-7.33 Mil. Its Operating Income for the six months ended in Dec. 2023 was $-34.02 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $40.55 Mil.

Chijet Motor Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Chijet Motor Co did not have earnings to cover the interest expense.

* 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.

Chijet Motor Co (Chijet Motor Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chijet Motor Co Inc (NAS:CJET) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 8, Beijing South Road Economic & Technological Development Zone Yantai, Shandong, CHN, 264006
Website
https://www.chijetmotors.com
Chijet Motor Co Inc is engaged in the research and development, production and sales of new energy vehicles. New energy vehicles refer to plug-in electric vehicles including battery electric vehicles, plug-in hybrid (PHEV) electric vehicles, and fuel cell electric vehicles. Its passenger vehicles include small cars, sedans, and sports utility vehicles, or SUVs, and commercial vehicles include light trucks and vans.