HMCTF (Hainan Meilan International Airport Co) Interest Expense : $-17.5 Mil (TTM As of Jun. 2024)

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What is Hainan Meilan International Airport Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hainan Meilan International Airport Co's interest expense for the six months ended in Jun. 2024 was $ -8.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-17.5 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. Hainan Meilan International Airport Co's Operating Income for the six months ended in Jun. 2024 was $ 11.0 Mil. Hainan Meilan International Airport Co's Interest Expense for the six months ended in Jun. 2024 was $ -8.8 Mil. Hainan Meilan International Airport Co's Interest Coverage for the quarter that ended in Jun. 2024 was 1.25. 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.

Hainan Meilan International Airport Co Interest Expense Historical Data

The historical data trend for Hainan Meilan International Airport 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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Hainan Meilan International Airport Co Interest Expense Chart

Hainan Meilan International Airport Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.52

-0.98

-4.30

-12.75

-19.49

Hainan Meilan International Airport 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															-7.30	-5.74	-10.74	-8.72	-8.76

Hainan Meilan International Airport 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 $-17.5 Mil.

Hainan Meilan International Airport Co (OTCPK:HMCTF) 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.

Hainan Meilan International Airport Co's Interest Expense for the six months ended in Jun. 2024 was $-8.8 Mil. Its Operating Income for the six months ended in Jun. 2024 was $11.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was $141.4 Mil.

Hainan Meilan International Airport 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	*	10.964	/	-8.759
	=	1.25

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

Hainan Meilan International Airport Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hainan Meilan International Airport Co Ltd (OTCPK:HMCTF) » Definitions » Interest Expense

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00357:Hong Kong HAO:Germany

Address

Office Building of Meilan Airport, Hainan Province, Haikou, CHN, 571126

Website

http://www.mlairport.com

Hainan Meilan International Airport Co Ltd is engaged in the operation of an airport and an ancillary hotel and the provision of related services in the PRC. The company engages and generates revenues from the operational activities at the Meilan Airport of the Hainan Province in the People's Republic of China (PRC). Under its aeronautical businesses, the firm provides terminal facilities, ground handling services, and passenger services. The non-aeronautical business includes the leasing of commercial and retail spaces at Meilan Airport, franchising of airport-related business, advertising, car parking, cargo handling, and sales of consumable goods.

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