CITIC (CTPCF) Interest Expense : $-1,671 Mil (TTM As of Dec. 2023)

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What is CITIC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CITIC's interest expense for the six months ended in Dec. 2023 was $ -958 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1,671 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. CITIC's Operating Income for the six months ended in Dec. 2023 was $ 8,368 Mil. CITIC's Interest Expense for the six months ended in Dec. 2023 was $ -958 Mil. CITIC's Interest Coverage for the quarter that ended in Dec. 2023 was 8.73. 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.

CITIC Interest Expense Historical Data

The historical data trend for CITIC'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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CITIC Interest Expense Chart

CITIC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,579.60

-1,399.27

-1,172.71

-1,200.53

-1,673.23

CITIC 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															-580.84	-490.18	-706.40	-712.75	-958.36

CITIC 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 $-1,671 Mil.

CITIC (OTCPK:CTPCF) 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.

CITIC's Interest Expense for the six months ended in Dec. 2023 was $-958 Mil. Its Operating Income for the six months ended in Dec. 2023 was $8,368 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $352,180 Mil.

CITIC'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	*	8367.866	/	-958.355
	=	8.73

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

CITIC (CTPCF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » CITIC Ltd (OTCPK:CTPCF) » Definitions » Interest Expense

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Traded in Other Exchanges

CTPCY:USA 00267:Hong Kong CPF:Germany

Address

1 Tim Mei Avenue, 32nd Floor, CITIC Tower, Central, Hong Kong, HKG

Website

https://www.citic.com

CITIC Ltd is a Hong Kong-based investment holding company. The company's operating segment includes Comprehensive financial services; Advanced intelligent manufacturing; Advanced materials; New consumption and New-type urbanisation. It generates maximum revenue from the Comprehensive financial services segment. Geographically it derives a majority of its revenue from Mainland China.

CITIC (CTPCF) Headlines

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