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China Merchants Energy Shipping Co (SHSE:601872) Interest Expense : ¥-1,240 Mil (TTM As of Mar. 2024)


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What is China Merchants Energy Shipping Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Merchants Energy Shipping Co's interest expense for the three months ended in Mar. 2024 was ¥ -285 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-1,240 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 Merchants Energy Shipping Co's Operating Income for the three months ended in Mar. 2024 was ¥ 1,526 Mil. China Merchants Energy Shipping Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -285 Mil. China Merchants Energy Shipping Co's Interest Coverage for the quarter that ended in Mar. 2024 was 5.35. 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 Merchants Energy Shipping Co Interest Expense Historical Data

The historical data trend for China Merchants Energy Shipping 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 Merchants Energy Shipping Co Interest Expense Chart

China Merchants Energy Shipping 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 -1,030.36 -675.62 -586.34 -858.44 -1,275.99

China Merchants Energy Shipping 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 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 -321.41 -320.74 -305.64 -328.21 -285.26

China Merchants Energy Shipping 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 ¥-1,240 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 Merchants Energy Shipping Co  (SHSE:601872) 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 Merchants Energy Shipping Co's Interest Expense for the three months ended in Mar. 2024 was ¥-285 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥1,526 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥12,170 Mil.

China Merchants Energy Shipping 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*1525.817/-285.255
=5.35

* 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 Merchants Energy Shipping Co (SHSE:601872) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Merchants Energy Shipping Co Ltd (SHSE:601872) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 9 Zhongshan East 1st Road, Shanghai, Shanghai, CHN, 200002
Website
http://www.cmenergyshipping.com
China Merchants Energy Shipping Co Ltd is a China-based company engages in the tanker transportation, bulk cargo vessel transportation and liquid natural gas (LNG) vessel transportation. It provides a full range of energy transportation services running a large diversity of vessels, including crude oil tankers, dry bulk carriers, and LNG carriers. It provides services to the customers from China, Japan, Korea, Southeast Asia and the United States and other countries.
Executives
Hu Bin senior management
Deng Wei Dong Director
Wang Yong Xin Directors, senior managers
Xu Hui senior management
Kong Kang senior management
Yan Wu Shan senior management
Su Xin Gang Director
Ding Lei senior management
Xie Chun Lin Director
Song De Xing Director
Lv Sheng Zhou Director

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