Xiamen Itg Group (SHSE:600755) Interest Expense : ¥-1,171 Mil (TTM As of Mar. 2024)

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What is Xiamen Itg Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Xiamen Itg Group's interest expense for the three months ended in Mar. 2024 was ¥ -314 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-1,171 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. Xiamen Itg Group's Operating Income for the three months ended in Mar. 2024 was ¥ 1,146 Mil. Xiamen Itg Group's Interest Expense for the three months ended in Mar. 2024 was ¥ -314 Mil. Xiamen Itg Group's Interest Coverage for the quarter that ended in Mar. 2024 was 3.65. 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.

Xiamen Itg Group Interest Expense Historical Data

The historical data trend for Xiamen Itg Group'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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Xiamen Itg Group Interest Expense Chart

Xiamen Itg Group Annual Data

Trend

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Dec23

Interest Expense

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-1,162.72

-1,058.51

-1,098.38

-1,132.20

-1,207.39

Xiamen Itg Group 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															-350.15	-326.59	-223.17	-307.48	-313.59

Xiamen Itg Group 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 ¥-1,171 Mil.

Xiamen Itg Group (SHSE:600755) 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.

Xiamen Itg Group's Interest Expense for the three months ended in Mar. 2024 was ¥-314 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥1,146 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥7,307 Mil.

Xiamen Itg Group'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	*	1146.046	/	-313.588
	=	3.65

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

Xiamen Itg Group (SHSE:600755) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Xiamen Itg Group Corp Ltd (SHSE:600755) » Definitions » Interest Expense

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Address

Hubin South Road, 8-18th International Trade Building, Fujian, Xiamen, CHN, 361004

Website

http://www.itg.com.cn

Xiamen Itg Group Corp Ltd is engaged in trading a variety of commodities like iron ores, other minerals, coal, steel, paper, textile, chemical products, farm produce, ships, tire, wood, and many others. It is also engaged in the real estate sector.

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