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China Oriental Group Co (China Oriental Group Co) Interest Expense : $-59 Mil (TTM As of Dec. 2023)


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What is China Oriental Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Oriental Group Co's interest expense for the six months ended in Dec. 2023 was $ -28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-59 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 Oriental Group Co's Operating Income for the six months ended in Dec. 2023 was $ -84 Mil. China Oriental Group Co's Interest Expense for the six months ended in Dec. 2023 was $ -28 Mil. China Oriental Group 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.

China Oriental Group Co Interest Expense Historical Data

The historical data trend for China Oriental Group 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.

China Oriental Group Co Interest Expense Chart

China Oriental Group 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 -13.03 -42.26 -63.79 -63.72 -58.82

China Oriental Group 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 -35.44 -31.00 -33.96 -30.39 -28.34

China Oriental Group 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 $-59 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.

China Oriental Group Co  (OTCPK:CUGCF) 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.

China Oriental Group Co's Interest Expense for the six months ended in Dec. 2023 was $-28 Mil. Its Operating Income for the six months ended in Dec. 2023 was $-84 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $337 Mil.

China Oriental Group Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

China Oriental Group 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.

China Oriental Group Co (China Oriental Group Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Oriental Group Co Ltd (OTCPK:CUGCF) » Definitions » Interest Expense
Comparable Companies
HKSE:02459 HKSE:00826 HKSE:03788 HKSE:01231 HKSE:01370 HKSE:00159 HKSE:02738 HKSE:00217 HKSE:01553 HKSE:01203 NUE BOM:500228 NSE:TATASTEEL XKRX:005490 SHSE:600019 STLD XAMS:MT TSE:5401 MIC:CHMF RS
Traded in Other Exchanges
00581:Hong Kong ORG:Germany
Address
23 Harbour Road, Suites 901-2 and 10, 9th Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG
Website
http://www.chinaorientalgroup.com
China Oriental Group Co Ltd is an iron and steel producer. The company is organized into two main operating segments: Iron and Steel and Real Estate. The Iron and Steel segment is comprised of the manufacturing and sale of iron and steel products and trading of steel products and iron ore and under its Real Estate segment it develops and sells properties. China Oriental produces downstream products including H-section steel, Cold rolled sheets, Galvanized sheets, Strips and strip products, Billets, Rebar, and Steel pile sheets. The company generates the majority of its revenue from the Iron and Steel segment. The firm's major customers are based in Northern China.

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