China Resources Beer (Holdings) Co (FRA:CHK) Interest Expense : €-18 Mil (TTM As of Jun. 2024)

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What is China Resources Beer (Holdings) Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Resources Beer (Holdings) Co's interest expense for the six months ended in Jun. 2024 was € -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-18 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 Resources Beer (Holdings) Co's Operating Income for the six months ended in Jun. 2024 was € 744 Mil. China Resources Beer (Holdings) Co's Interest Expense for the six months ended in Jun. 2024 was € -6 Mil. China Resources Beer (Holdings) Co's Interest Coverage for the quarter that ended in Jun. 2024 was 121.01. 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 Resources Beer (Holdings) Co Interest Expense Historical Data

The historical data trend for China Resources Beer (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.

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China Resources Beer (Holdings) Co Interest Expense Chart

China Resources Beer (Holdings) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-8.34

-7.04

-0.83

-5.28

-23.37

China Resources Beer (Holdings) Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-1.41	-3.93	-11.99	-11.43	-6.15

China Resources Beer (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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-18 Mil.

China Resources Beer (Holdings) Co (FRA:CHK) 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 Resources Beer (Holdings) Co's Interest Expense for the six months ended in Jun. 2024 was €-6 Mil. Its Operating Income for the six months ended in Jun. 2024 was €744 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €139 Mil.

China Resources Beer (Holdings) Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	743.871	/	-6.147
	=	121.01

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

China Resources Beer (Holdings) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » China Resources Beer (Holdings) Co Ltd (FRA:CHK) » Definitions » Interest Expense

Traded in Other Exchanges

CRHKY:USA 00291:Hong Kong CHK:Germany

Address

No. 26 Harbour Road, Room 2301 and 2310, 23rd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crbeer.com.hk

China Resources Beer, or CR Beer, was originally a conglomerate enterprise with operations across retail, beer, food and beverage sectors. In September 2015, the company disposed of all its non-beer businesses and became a pure beer producer. Through a series of mergers and acquisitions, the company retains its leadership position in China's beer industry. Amid the premiumization trend in the domestic beer market, CR beer acquired Heineken China in 2019, which allows CR Beer access to a premium international brand and also leverages its sophisticated distribution network to grow Heineken's sales and market share. CR Beer is now China's largest brewer, with a volume share of about 26%, versus 15% of Tsingtao and 19% of Budweiser APAC, based on Euromonitor data.

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