CITIC Resources Holdings (HKSE:01205) Interest Expense : HK$-138 Mil (TTM As of Dec. 2023)

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What is CITIC Resources Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CITIC Resources Holdings's interest expense for the six months ended in Dec. 2023 was HK$ -63 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-138 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. CITIC Resources Holdings's Operating Income for the six months ended in Dec. 2023 was HK$ 415 Mil. CITIC Resources Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$ -63 Mil. CITIC Resources Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 6.64. 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.

CITIC Resources Holdings Interest Expense Historical Data

The historical data trend for CITIC Resources Holdings'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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CITIC Resources Holdings Interest Expense Chart

CITIC Resources Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-278.06

-150.20

-81.03

-115.36

-137.76

CITIC Resources Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-35.14	-37.03	-78.33	-75.21	-62.55

CITIC Resources Holdings 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-138 Mil.

CITIC Resources Holdings (HKSE:01205) 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.

CITIC Resources Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-63 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$415 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$1,456 Mil.

CITIC Resources Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	415.122	/	-62.553
	=	6.64

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

CITIC Resources Holdings (HKSE:01205) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CITIC Resources Holdings Ltd (HKSE:01205) » Definitions » Interest Expense

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Address

1 Austin Road West, International Commerce Centre, Suites 6701-02 & 08B, 67th Floor, Kowloon, Hong Kong, HKG

Website

http://www.resources.citic

CITIC Resources Holdings Ltd is a provider of strategic natural resources and key commodities. Its activities are the export of commodity products including aluminum ingots, coal, iron ore, alumina, and copper; and the import of other commodity products and manufactured goods including steel, vehicle, and industrial batteries. It has four operating segments; the aluminum smelting segment comprises the operation of the PAS which sources alumina and produces aluminum ingots, the coal segment comprises the operation of coal mines and the sale of coal, the import and export of commodities segment comprises the import of other commodity products and manufactured goods such as steel, and the crude oil segment comprises the operation of oilfields and the sale of crude oil.

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