Chinese Maritime Transport (TPE:2612) Interest Expense : NT$-489 Mil (TTM As of Sep. 2024)

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What is Chinese Maritime Transport Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chinese Maritime Transport's interest expense for the three months ended in Sep. 2024 was NT$ -146 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was NT$-489 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. Chinese Maritime Transport's Operating Income for the three months ended in Sep. 2024 was NT$ 199 Mil. Chinese Maritime Transport's Interest Expense for the three months ended in Sep. 2024 was NT$ -146 Mil. Chinese Maritime Transport's Interest Coverage for the quarter that ended in Sep. 2024 was 1.37. 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.

Chinese Maritime Transport Interest Expense Historical Data

The historical data trend for Chinese Maritime Transport'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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Chinese Maritime Transport Interest Expense Chart

Chinese Maritime Transport Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-237.04

-150.25

-97.03

-151.94

-367.94

Chinese Maritime Transport 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															-109.10	-109.66	-104.36	-129.66	-145.55

Chinese Maritime Transport 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 NT$-489 Mil.

Chinese Maritime Transport (TPE:2612) 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.

Chinese Maritime Transport's Interest Expense for the three months ended in Sep. 2024 was NT$-146 Mil. Its Operating Income for the three months ended in Sep. 2024 was NT$199 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was NT$6,436 Mil.

Chinese Maritime Transport'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	*	198.864	/	-145.554
	=	1.37

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. Chinese Maritime Transport Ltd interest coverage is 1.2, which is low.

Chinese Maritime Transport Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chinese Maritime Transport Ltd (TPE:2612) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 15, Jinan Road, 4th Floor, Section 1, Chinese Maritime Building, Taipei, TWN, 10051

Website

https://www.cmt.tw

Chinese Maritime Transport Ltd provides goods transportation services. The company provides container transportation, warehousing and freight agents for Saudi Arabian Airlines. It generates maximum revenue from container hauling and logistics. The company operates in three segments: Land Transportation and Logistics, and Sea Transportation. The Land Transportation and Logistics segment is involved in container transportation, warehousing, and freight agent businesses. On the other hand, the Sea Transportation segment is engaged in bulk carrier business. The company generates the majority of its revenue from its Shipping department. The company generates its revenue from Asia, America, Europe, and Oceania.

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