Rizhao Port Co (SHSE:600017) Interest Expense : ¥-590 Mil (TTM As of Mar. 2024)

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What is Rizhao Port Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rizhao Port Co's interest expense for the three months ended in Mar. 2024 was ¥ -152 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-590 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. Rizhao Port Co's Operating Income for the three months ended in Mar. 2024 was ¥ 412 Mil. Rizhao Port Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -152 Mil. Rizhao Port Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.71. 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.

Rizhao Port Co Interest Expense Historical Data

The historical data trend for Rizhao Port 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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Rizhao Port Co Interest Expense Chart

Rizhao Port Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-293.27

-299.06

-401.06

-398.90

-560.54

Rizhao Port Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-122.71	-144.56	-137.03	-156.24	-152.24

Rizhao Port 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-590 Mil.

Rizhao Port Co (SHSE:600017) 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.

Rizhao Port Co's Interest Expense for the three months ended in Mar. 2024 was ¥-152 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥412 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥12,288 Mil.

Rizhao Port Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	411.846	/	-152.236
	=	2.71

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Rizhao Port Co Ltd interest coverage is 2.48, which is low.

Rizhao Port Co (SHSE:600017) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Rizhao Port Co Ltd (SHSE:600017) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Haibin 2nd Road, Rizhao, Shandong, CHN, 276826

Website

http://www.rzpcl.com

Rizhao Port Co Ltd provides cargo handling and storage services in China. It is involved in the handling and storage of ore, coal, cement, nickel ore, aluminum, vanadium, steel, coke, grain, wood chips, and other bulk cargoes, as well as crude oil, liquid chemicals, and containers.

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