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China Master Logistics Co (SHSE:603967) Interest Expense : ¥-19 Mil (TTM As of Sep. 2024)


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What is China Master Logistics Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Master Logistics Co's interest expense for the three months ended in Sep. 2024 was ¥ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-19 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. China Master Logistics Co's Operating Income for the three months ended in Sep. 2024 was ¥ 103 Mil. China Master Logistics Co's Interest Expense for the three months ended in Sep. 2024 was ¥ -6 Mil. China Master Logistics Co's Interest Coverage for the quarter that ended in Sep. 2024 was 18.48. 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.

China Master Logistics Co Interest Expense Historical Data

The historical data trend for China Master Logistics 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.

China Master Logistics Co Interest Expense Chart

China Master Logistics Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.46 -0.34 -12.36 -16.39 -14.72

China Master Logistics Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.30 -3.34 -5.90 -4.40 -5.56

China Master Logistics 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-19 Mil.

* 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.

China Master Logistics Co  (SHSE:603967) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

China Master Logistics Co's Interest Expense for the three months ended in Sep. 2024 was ¥-6 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥103 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥224 Mil.

China Master Logistics Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*102.665/-5.556
=18.48

* 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.

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

China Master Logistics Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Master Logistics Co Ltd (SHSE:603967) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No.169 ShenZhen Road, 23rd Floor, Zhongchuang Building, Laoshan District, Shandong, Qingdao, CHN, 266061
Website
http://www.cmlog.com
China Master Logistics Co Ltd is an integrated logistics company. The business of company mainly covers freight forwarding, CFS services, shipping agency, coastal transportation, project logistics, commodity Logistics and other areas with the service network covering the major ports such as Ningbo, Lianyungang, Rizhao, Rongcheng, Qingdao and others.
Executives
Zhang Pei Cheng Supervisors
Chu Xu Ri senior management
Liu Qing Directors, senior managers
Gao Bing senior management
Li Song Qing Director
Ge Yan Hua Director
Xie Li Jun Director
Leng Xian Shun Director
Li Wen Guang Supervisors

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