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COSCO SHIPPING Holdings Co (STU:C6G) Interest Expense : €-417 Mil (TTM As of Jun. 2024)


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What is COSCO SHIPPING Holdings Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. COSCO SHIPPING Holdings Co's interest expense for the three months ended in Jun. 2024 was € -100 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-417 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. COSCO SHIPPING Holdings Co's Operating Income for the three months ended in Jun. 2024 was € 1,482 Mil. COSCO SHIPPING Holdings Co's Interest Expense for the three months ended in Jun. 2024 was € -100 Mil. COSCO SHIPPING Holdings Co's Interest Coverage for the quarter that ended in Jun. 2024 was 14.89. 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.

COSCO SHIPPING Holdings Co Interest Expense Historical Data

The historical data trend for COSCO SHIPPING Holdings 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.

COSCO SHIPPING Holdings Co Interest Expense Chart

COSCO SHIPPING Holdings 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 -700.98 -513.35 -499.26 -498.40 -461.41

COSCO SHIPPING Holdings 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 -117.13 -117.21 -104.45 -99.53 -95.79

COSCO SHIPPING Holdings 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 quarterly data reported by the company within the most recent 12 months, which was €-417 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.

COSCO SHIPPING Holdings Co  (STU:C6G) 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.

COSCO SHIPPING Holdings Co's Interest Expense for the three months ended in Jun. 2024 was €-100 Mil. Its Operating Income for the three months ended in Jun. 2024 was €1,482 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was €7,706 Mil.

COSCO SHIPPING Holdings 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*1482.16/-99.53
=14.89

* 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.

COSCO SHIPPING Holdings Co Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Holdings Co Ltd (STU:C6G) » Definitions » Interest Expense
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Traded in Other Exchanges
CICOF:USA CICOY:USA 01919:Hong Kong 601919:China
Address
No. 658 Dong Da Ming Road, 8th Floor, Shanghai, CHN, 200080
Website
https://hold.coscoshipping.com
COSCO SHIPPING Holdings Co Ltd is an investment holding company. The company's operating segment includes the Container shipping business, Terminal business, and Corporate and other operations. It generates maximum revenue from the Container shipping business segment. Its geographical segments includes America, Europe, Asia Pacific, Mainland China, Other international market.

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