China International Marine Containers (Group) Co (HKSE:02039) Interest Expense : HK$981 Mil (TTM As of Mar. 2024)

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What is China International Marine Containers (Group) Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China International Marine Containers (Group) Co's interest expense for the three months ended in Mar. 2024 was HK$ -558 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was HK$981 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 International Marine Containers (Group) Co's Operating Income for the three months ended in Mar. 2024 was HK$ 916 Mil. China International Marine Containers (Group) Co's Interest Expense for the three months ended in Mar. 2024 was HK$ -558 Mil. China International Marine Containers (Group) Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.64. 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.

China International Marine Containers (Group) Co Interest Expense Historical Data

The historical data trend for China International Marine Containers (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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China International Marine Containers (Group) Co Interest Expense Chart

China International Marine Containers (Group) Co Annual Data

Trend

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Interest Expense

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1,287.86

810.35

-35.19

-22.78

48.48

China International Marine Containers (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															-498.92	499.48	-516.34	1,556.31	-558.44

China International Marine Containers (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 HK$981 Mil.

China International Marine Containers (Group) Co (HKSE:02039) 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 International Marine Containers (Group) Co's Interest Expense for the three months ended in Mar. 2024 was HK$-558 Mil. Its Operating Income for the three months ended in Mar. 2024 was HK$916 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was HK$24,858 Mil.

China International Marine Containers (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	*	916.456	/	-558.439
	=	1.64

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

China International Marine Containers (Group) Co (HKSE:02039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China International Marine Containers (Group) Co Ltd (HKSE:02039) » Definitions » Interest Expense

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Traded in Other Exchanges

OCM:Germany 000039:China

Address

CIMC R&D Centre, 2 Gangwan Avenue, 8th Floor, Shekou, Nanshan Distritct, Guangdong, Shenzhen, CHN, 518067

Website

https://www.cimc.com

China International Marine Containers (Group) Co Ltd is one of China's manufacturers of road transportation vehicles and high-end offshore engineering equipment. It provides a range of containers, trucks, chemical and food equipment, energy products, and airport structures. In addition, the company offers services related to design, engineering, transportation, and energy distribution. The group offers various standard and specialty containers to account for different conditions and take advantage of mass production capabilities. Technical and maintenance services boost revenue and increase contact with customers to gain feedback and observe industry conditions. The company has a world wide distribution network, but the majority of sales derive from Asia.

Executives

China Merchants Group Limited
Shen Zhen Shi Zi Ben Yun Ying Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Yuan Hai Yun Fa Zhan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Citic Group Corporation	2201 Interest of corporation controlled by you
Citic Limited	2201 Interest of corporation controlled by you
Prudential Plc	2201 Interest of corporation controlled by you
Zhong Xin Bao Cheng Ren Shou Bao Xian You Xian Gong Si	2101 Beneficial owner

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