China Oilfield Services (China Oilfield Services) Interest Expense : $-135 Mil (TTM As of Mar. 2024)

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What is China Oilfield Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Oilfield Services's interest expense for the three months ended in Mar. 2024 was $ -31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-135 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 Oilfield Services's Operating Income for the three months ended in Mar. 2024 was $ 160 Mil. China Oilfield Services's Interest Expense for the three months ended in Mar. 2024 was $ -31 Mil. China Oilfield Services's Interest Coverage for the quarter that ended in Mar. 2024 was 5.09. 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 Oilfield Services Interest Expense Historical Data

The historical data trend for China Oilfield Services'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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China Oilfield Services Interest Expense Chart

China Oilfield Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-152.83

-135.81

-128.36

-109.53

-135.77

China Oilfield Services 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															-32.06	-35.34	-32.42	-36.25	-31.50

China Oilfield Services 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 $-135 Mil.

China Oilfield Services (OTCPK:CHOLF) 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.

China Oilfield Services's Interest Expense for the three months ended in Mar. 2024 was $-31 Mil. Its Operating Income for the three months ended in Mar. 2024 was $160 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2,189 Mil.

China Oilfield Services'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	*	160.235	/	-31.496
	=	5.09

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

China Oilfield Services (China Oilfield Services) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Oilfield Services Ltd (OTCPK:CHOLF) » Definitions » Interest Expense

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02883:Hong Kong CO9:Germany 601808:China

Address

201 Haiyou Avenue, Yanjiao Economic & Technological Development Zone, Hebei Province, Sanhe City, CHN, 065201

Website

https://www.cosl.com.cn

China Oilfield Services Ltd is engaged in the provision of oilfield services including drilling services, well services, marine support services, and geophysical acquisition and surveying services. It operates in four segments; the drilling services segment offers oilfield drilling services, the well services segment offers logging and downhole services, the marine support services segment is engaged in the transportation of materials, supplies, and personnel to offshore facilities, moving and positioning drilling structures, and the geophysical acquisition and surveying services segment is engaged in the provision of offshore seismic data acquisition and marine surveying.