Citic Telecom International Holdings (HKSE:01883) Interest Expense : HK$-247 Mil (TTM As of Jun. 2024)

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What is Citic Telecom International Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Citic Telecom International Holdings's interest expense for the six months ended in Jun. 2024 was HK$ -123 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-247 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 Telecom International Holdings's Operating Income for the six months ended in Jun. 2024 was HK$ 647 Mil. Citic Telecom International Holdings's Interest Expense for the six months ended in Jun. 2024 was HK$ -123 Mil. Citic Telecom International Holdings's Interest Coverage for the quarter that ended in Jun. 2024 was 5.26. 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 Telecom International Holdings Interest Expense Historical Data

The historical data trend for Citic Telecom International 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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Citic Telecom International Holdings Interest Expense Chart

Citic Telecom International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-287.00

-260.00

-266.00

-263.00

-247.00

Citic Telecom International Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial															-139.00	-137.00	-126.00	-123.00	-124.00

Citic Telecom International 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-247 Mil.

Citic Telecom International Holdings (HKSE:01883) 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 Telecom International Holdings's Interest Expense for the six months ended in Jun. 2024 was HK$-123 Mil. Its Operating Income for the six months ended in Jun. 2024 was HK$647 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was HK$186 Mil.

Citic Telecom International Holdings'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	*	647	/	-123
	=	5.26

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

Citic Telecom International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Citic Telecom International Holdings Ltd (HKSE:01883) » Definitions » Interest Expense

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Traded in Other Exchanges

B7O:Germany

Address

93 Kwai Fuk Road, 25th Floor, CITIC Telecom Tower, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.citictel.com

Citic Telecom International Holdings Ltd is a telecommunications company. It derives revenue from cellphone services, Internet services, international telecommunications services, enterprise solutions and fixed-line services, and sale of equipment and mobile handsets. Enterprise services involves providing information and communication technologies to companies. This division is the largest contributor to overall company revenue. The company has operations in Hong Kong and Macau; the company earns the majority of revenue within Macau. CITIC Telecom is an owner of telecommunications infrastructure.

Executives

Citic Group Corporation	2201 Interest of corporation controlled by you
Citic Limited	2201 Interest of corporation controlled by you

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