Tianjin Port Development Holdings (HKSE:03382) Interest Expense : HK$-259 Mil (TTM As of Jun. 2024)

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What is Tianjin Port Development Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tianjin Port Development Holdings's interest expense for the six months ended in Jun. 2024 was HK$ -129 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-259 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. Tianjin Port Development Holdings's Operating Income for the six months ended in Jun. 2024 was HK$ 1,086 Mil. Tianjin Port Development Holdings's Interest Expense for the six months ended in Jun. 2024 was HK$ -129 Mil. Tianjin Port Development Holdings's Interest Coverage for the quarter that ended in Jun. 2024 was 8.45. 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.

Tianjin Port Development Holdings Interest Expense Historical Data

The historical data trend for Tianjin Port Development 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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Tianjin Port Development Holdings Interest Expense Chart

Tianjin Port Development Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-657.19

-550.12

-484.16

-390.09

-280.55

Tianjin Port Development Holdings 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															-200.74	-189.35	-150.00	-130.55	-128.52

Tianjin Port Development 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$-259 Mil.

Tianjin Port Development Holdings (HKSE:03382) 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.

Tianjin Port Development Holdings's Interest Expense for the six months ended in Jun. 2024 was HK$-129 Mil. Its Operating Income for the six months ended in Jun. 2024 was HK$1,086 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was HK$3,869 Mil.

Tianjin Port Development 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	*	1086.42	/	-128.523
	=	8.45

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

Tianjin Port Development Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tianjin Port Development Holdings Ltd (HKSE:03382) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Times Square, 1 Matheson Street, Suite 3904-3907, 39th Floor, Tower Two, Causeway Bay, Hong Kong, HKG

Website

http://www.tianjinportdev.com

Tianjin Port Development Holdings Ltd is a transportation and logistics company that operates the Tianjin Port in the People's Republic of China. The company organizes itself into three segments: non-containerised and container cargo handling, sales, and other port ancillary services. The cargo handling segment, which generates the majority of revenue, handles both container and non-container cargo. Sales, the next most significant segment, sells fuel and other supplies and materials. Other port ancillary services include tugboat services, agency services, tallying, and other services.

Executives

Teda Investment Holding Co., Ltd.
Tsinlien Group Company Limited
Tian Jin Tai Da Shi Ye Ji Tuan You Xian Gong Si
Tian Jin Bo Hai Guo You Zi Chan Jing Ying Guan Li You Xian Gong Si
Tianjin Teda Investment Holding Co., Ltd.	2201 Interest of corporation controlled by you

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