NetEase Cloud Music (HKSE:09899) Interest Expense : HK$-0 Mil (TTM As of Dec. 2024)

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What is NetEase Cloud Music Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NetEase Cloud Music's interest expense for the six months ended in Dec. 2024 was HK$ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was HK$-0 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. NetEase Cloud Music's Operating Income for the six months ended in Dec. 2024 was HK$ 578 Mil. NetEase Cloud Music's Interest Expense for the six months ended in Dec. 2024 was HK$ -0 Mil. NetEase Cloud Music's Interest Coverage for the quarter that ended in Dec. 2024 was 5,026.82. 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.

NetEase Cloud Music Interest Expense Historical Data

The historical data trend for NetEase Cloud Music'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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NetEase Cloud Music Interest Expense Chart

NetEase Cloud Music Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-0.39

-0.35

-0.26

NetEase Cloud Music Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial							-0.19	-0.20	-0.15	-0.14	-0.12

NetEase Cloud Music 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-0 Mil.

NetEase Cloud Music (HKSE:09899) 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.

NetEase Cloud Music's Interest Expense for the six months ended in Dec. 2024 was HK$-0 Mil. Its Operating Income for the six months ended in Dec. 2024 was HK$578 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was HK$5 Mil.

NetEase Cloud Music's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	578.084	/	-0.115
	=	5,026.82

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. NetEase Cloud Music Inc has enough cash to cover all of its debt. Its financial situation is stable.

NetEase Cloud Music Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NetEase Cloud Music Inc (HKSE:09899) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 353 Benjing Avenue, Room 1201, Block A, Hangzhou International Expo Center, Qianjiang Century City, Xiaoshan District, Zhejiang Province, Hangzhou, CHN

Website

http://ir.music.163.com

Cloud Music is the second-largest online music service provider in China, founded in 2013 by NetEase. NetEase currently holds approximately 58% of Cloud Music's equity stake and controls 90% of its voting power. The platform's business model is similar to its main competitor, Tencent Music, as both offer music streaming services along with social entertainment features like live streaming to engage users and drive additional revenue.

Executives

Ding William Lei
Netease, Inc.
Shining Globe Holding Limited
Tmf (cayman) Ltd.
Alibaba Group Holding Limited	2201 Interest of corporation controlled by you
Taobao China Holding Limited	2101 Beneficial owner
Taobao Holding Limited	2201 Interest of corporation controlled by you
Shining Globe International Limited	2201 Interest of corporation controlled by you
Gic Private Limited	2501 Other
Gic (ventures) Pte. Ltd.	2201 Interest of corporation controlled by you
Gic Special Investments Private Limited	2102 Investment manager

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