CNFC Overseas Fisheries Co (SZSE:000798) Interest Expense : ¥-71 Mil (TTM As of Mar. 2024)

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What is CNFC Overseas Fisheries Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CNFC Overseas Fisheries Co's interest expense for the three months ended in Mar. 2024 was ¥ -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-71 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. CNFC Overseas Fisheries Co's Operating Income for the three months ended in Mar. 2024 was ¥ 5 Mil. CNFC Overseas Fisheries Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -19 Mil. CNFC Overseas Fisheries Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.26. 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.

CNFC Overseas Fisheries Co Interest Expense Historical Data

The historical data trend for CNFC Overseas Fisheries 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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CNFC Overseas Fisheries Co Interest Expense Chart

CNFC Overseas Fisheries Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-4.43

-11.48

-12.79

-8.63

-54.44

CNFC Overseas Fisheries 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															-3.18	-1.14	-31.62	-18.50	-19.36

CNFC Overseas Fisheries 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 ¥-71 Mil.

CNFC Overseas Fisheries Co (SZSE:000798) 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.

CNFC Overseas Fisheries Co's Interest Expense for the three months ended in Mar. 2024 was ¥-19 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥1,687 Mil.

CNFC Overseas Fisheries 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	*	5.025	/	-19.362
	=	0.26

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. CNFC Overseas Fisheries Co Ltd interest coverage is 2.11, which is low.

CNFC Overseas Fisheries Co (SZSE:000798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » CNFC Overseas Fisheries Co Ltd (SZSE:000798) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 31 Minfeng Hutong, Xicheng District, 6th Floor, Zhongshui Building, Beijing, CHN, 100032

Website

http://www.cofc.com.cn

CNFC Overseas Fisheries Co Ltd is a China-based company mainly engaged in distant water fishing operation and international economic and trading cooperation. It owns various ocean-going fishing vessels and carries out fishing operations in the Pacific Ocean, Indian Ocean, and the Atlantic Ocean. Its product offerings include squid from Argentina and Peru, saury, tuna, and by-catches as well as associated processed marine products. The company is also engaged in aquatic products trading, ship repair, import and export of fishing machinery, gears, other related equipment, and supplies.

CNFC Overseas Fisheries Co (SZSE:000798) Headlines

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