China Modern Dairy Holdings (HKSE:01117) Interest Expense : HK$-553 Mil (TTM As of Dec. 2023)

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What is China Modern Dairy Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Modern Dairy Holdings's interest expense for the six months ended in Dec. 2023 was HK$ -285 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-553 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 Modern Dairy Holdings's Operating Income for the six months ended in Dec. 2023 was HK$ 1,058 Mil. China Modern Dairy Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$ -285 Mil. China Modern Dairy Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 3.71. 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 Modern Dairy Holdings Interest Expense Historical Data

The historical data trend for China Modern Dairy Holdings'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 Modern Dairy Holdings Interest Expense Chart

China Modern Dairy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-375.90

-328.57

-302.38

-453.06

-552.92

China Modern Dairy Holdings 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															-163.58	-213.61	-249.56	-267.64	-285.28

China Modern Dairy Holdings 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 HK$-553 Mil.

China Modern Dairy Holdings (HKSE:01117) 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 Modern Dairy Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-285 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$1,058 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$11,684 Mil.

China Modern Dairy Holdings'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	*	1057.998	/	-285.284
	=	3.71

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

China Modern Dairy Holdings (HKSE:01117) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Modern Dairy Holdings Ltd (HKSE:01117) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Economic and Technological Development Zone, Danyang Town, Bowang District, Anhui Province, Maanshan City, CHN

Website

http://www.moderndairyir.com

China Modern Dairy Holdings Ltd operates in the Chinese food industry. Its primary business includes the production of milk and its revenue mainly depends on the sale of raw milk. The company produces and sells raw milk to customers for processing into dairy products and Liquid Milk products business which relates to its sale of liquid milk products.

Executives

Bank Of China Limited	2201 Interest of corporation controlled by you
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Boc International Holdings Limited	2201 Interest of corporation controlled by you
Boci Financial Products Limited	2101 Beneficial owner
Mgd Holdings	2101 Beneficial owner
China Mengniu Dairy Company Limited	2201 Interest of corporation controlled by you
Ggg Holdings Limited	2101 Beneficial owner
Liu Chang	2201 Interest of corporation controlled by you
New Century Ltd.	2201 Interest of corporation controlled by you
Xin Xi Wang Ru Ye Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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