Ningbo Ocean Shipping Co (SHSE:601022) Interest Expense : ¥-21 Mil (TTM As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Ningbo Ocean Shipping Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ningbo Ocean Shipping Co's interest expense for the three months ended in Mar. 2024 was ¥ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-21 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. Ningbo Ocean Shipping Co's Operating Income for the three months ended in Mar. 2024 was ¥ 208 Mil. Ningbo Ocean Shipping Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -5 Mil. Ningbo Ocean Shipping Co's Interest Coverage for the quarter that ended in Mar. 2024 was 39.31. 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.

Ningbo Ocean Shipping Co Interest Expense Historical Data

The historical data trend for Ningbo Ocean Shipping 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.

* Premium members only.

Ningbo Ocean Shipping Co Interest Expense Chart

Ningbo Ocean Shipping Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-30.25

-13.80

-19.78

-39.38

-20.29

Ningbo Ocean Shipping Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial											-4.58	-5.89	-4.54	-5.29	-5.29

Ningbo Ocean Shipping 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 ¥-21 Mil.

Ningbo Ocean Shipping Co (SHSE:601022) 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.

Ningbo Ocean Shipping Co's Interest Expense for the three months ended in Mar. 2024 was ¥-5 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥208 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥443 Mil.

Ningbo Ocean Shipping 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	*	207.928	/	-5.289
	=	39.31

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

Ningbo Ocean Shipping Co (SHSE:601022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ningbo Ocean Shipping Co Ltd (SHSE:601022) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Building 2, Bei'an Fortune Center,, Jiangbei District, Zhejiang Province, Ningbo, CHN, 315020

Website

http://www.nbosco.com

Ningbo Ocean Shipping Co Ltd specializing in the operation of cross-strait, China-Japan, China-Korea, Southeast Asia container liner routes and domestic container public transportation.

Ningbo Ocean Shipping Co (SHSE:601022) Headlines

No Headlines