Qinhuangdao Port Co (HKSE:03369) Interest Expense : HK$-241 Mil (TTM As of Mar. 2024)

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What is Qinhuangdao Port Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Qinhuangdao Port Co's interest expense for the three months ended in Mar. 2024 was HK$ -54 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was HK$-241 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. Qinhuangdao Port Co's Operating Income for the three months ended in Mar. 2024 was HK$ 510 Mil. Qinhuangdao Port Co's Interest Expense for the three months ended in Mar. 2024 was HK$ -54 Mil. Qinhuangdao Port Co's Interest Coverage for the quarter that ended in Mar. 2024 was 9.41. 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.

Qinhuangdao Port Co Interest Expense Historical Data

The historical data trend for Qinhuangdao Port 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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Qinhuangdao Port Co Interest Expense Chart

Qinhuangdao Port Co Annual Data

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Dec23

Interest Expense

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-377.57

-363.53

-339.89

-261.71

-258.47

Qinhuangdao Port 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															-72.96	-66.86	-61.66	-58.68	-54.20

Qinhuangdao Port 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$-241 Mil.

Qinhuangdao Port Co (HKSE:03369) 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.

Qinhuangdao Port Co's Interest Expense for the three months ended in Mar. 2024 was HK$-54 Mil. Its Operating Income for the three months ended in Mar. 2024 was HK$510 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was HK$5,478 Mil.

Qinhuangdao Port 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	*	509.815	/	-54.196
	=	9.41

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

Qinhuangdao Port Co (HKSE:03369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Qinhuangdao Port Co Ltd (HKSE:03369) » Definitions » Interest Expense

Traded in Other Exchanges

QHD:Germany 601326:China

Address

35 Haibin Road, Haigang District, Hebei Province, Qinhuangdao, CHN, 066002

Website

https://www.portqhd.com

Qinhuangdao Port Co Ltd is engaged in the provision of integrated port services for customers. It provides integrated port services including stevedoring, stacking, warehousing, transportation, and logistics services. The company handles various types of cargo mainly including coal, metal ores, oil and liquefied chemicals, containers, general cargoes, and other goods. It also provides value-added services including towing, tallying, and coal blending. The company's whole operations are in China.

Executives

He Bei Gang Kou Ji Tuan Guo Ji Xiang Gang You Xian Gong Si	2101 Beneficial owner
He Bei Gang Kou Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

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