Shanghai International Port (Group) Co (SHSE:600018) Interest Expense : ¥-30 Mil (TTM As of Mar. 2024)

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What is Shanghai International Port (Group) Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai International Port (Group) Co's interest expense for the three months ended in Mar. 2024 was ¥ -304 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-30 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. Shanghai International Port (Group) Co's Operating Income for the three months ended in Mar. 2024 was ¥ 2,826 Mil. Shanghai International Port (Group) Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -304 Mil. Shanghai International Port (Group) Co's Interest Coverage for the quarter that ended in Mar. 2024 was 9.30. 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.

Shanghai International Port (Group) Co Interest Expense Historical Data

The historical data trend for Shanghai International Port (Group) 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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Shanghai International Port (Group) Co Interest Expense Chart

Shanghai International Port (Group) Co Annual Data

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Interest Expense

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-1,166.87

-1,108.48

-1,011.90

99.54

-1.56

Shanghai International Port (Group) 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															-276.00	282.40	-867.52	859.55	-303.98

Shanghai International Port (Group) 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 ¥-30 Mil.

Shanghai International Port (Group) Co (SHSE:600018) 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.

Shanghai International Port (Group) Co's Interest Expense for the three months ended in Mar. 2024 was ¥-304 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥2,826 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥38,719 Mil.

Shanghai International Port (Group) 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	*	2826.169	/	-303.979
	=	9.30

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

Shanghai International Port (Group) Co (SHSE:600018) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai International Port (Group) Co Ltd (SHSE:600018) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

358 East Daming Road, Shanghai, CHN, 200080

Website

http://www.portshanghai.com.cn

Shanghai International Port Group, or SIPG, is the world's largest container port in terms of throughput volume, and a major trans-shipment hub in China. It engages in handling port containers and bulk cargo along with other container-related services in the Yangtze River Delta. The gross profit in core port operation is approximately 72% in containers, 2% in bulk cargo, and 26% in port logistics and services. The Shanghai state-owned Asset Supervision and Administration Commission holds approximately a 44% stake in SIPG.

Executives

Wang Hai Jian	senior management
Ding Xiang Ming	senior management
Zhang Min	senior management
Yan Jun	Directors, senior managers
Fang Huai Jin	senior management
Yang Zhi Yong	senior management
Zhang Xin	senior management
Wang Lin Lin	senior management
Liu Gang	Supervisors
Yu Wei	senior management
Yang Hai Feng	Supervisors
Zhou Yuan Kang	Supervisors
Zhuang Xiao Qing	Director
Zhang You Lin	Supervisors

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