Qingdao Port International Co (HKSE:06198) Interest Expense : HK$-123 Mil (TTM As of Dec. 2023)

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What is Qingdao Port International Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Qingdao Port International Co's interest expense for the three months ended in Dec. 2023 was HK$ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-123 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. Qingdao Port International Co's Operating Income for the three months ended in Dec. 2023 was HK$ 1,399 Mil. Qingdao Port International Co's Interest Expense for the three months ended in Dec. 2023 was HK$ -5 Mil. Qingdao Port International Co's Interest Coverage for the quarter that ended in Dec. 2023 was 288.32. 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.

Qingdao Port International Co Interest Expense Historical Data

The historical data trend for Qingdao Port International 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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Qingdao Port International Co Interest Expense Chart

Qingdao Port International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-252.21

-247.89

-215.73

-172.68

-176.93

Qingdao Port International Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-32.48	-	-84.00	-4.85	-34.13

Qingdao Port International 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-123 Mil.

Qingdao Port International Co (HKSE:06198) 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.

Qingdao Port International Co's Interest Expense for the three months ended in Dec. 2023 was HK$-5 Mil. Its Operating Income for the three months ended in Dec. 2023 was HK$1,399 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was HK$2,276 Mil.

Qingdao Port International Co'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	*	1398.656	/	-4.851
	=	288.32

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

Qingdao Port International Co (HKSE:06198) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Qingdao Port International Co Ltd (HKSE:06198) » Definitions » Interest Expense

Traded in Other Exchanges

0QP:Germany 601298:China

Address

No. 12 Jingba Road, Huangdao District, Shangdong Province, Qingdao, CHN, 266011

Website

https://www.qingdao-port.com

Qingdao Port International Co Ltd is a Chinese company that acts as an operator of the Port of Qingdao. It provides a range of port-related services including basic port services such as stevedoring and storage services, ancillary and extended services such as logistics and financing-related services. The company has six operating segments; container handling and ancillary services, metal ore, coal, and other cargo handling and ancillary services, liquid bulk handling and ancillary services, logistics and port value-added services, port ancillary services, and financial services. It derives a majority of its revenue from the logistics and port value-added services segment followed by metal ore, coal, and other cargo handling segment and liquid bulk handling and ancillary services segment.

Executives

Fil Limited	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Fmr Llc	2201 Interest of corporation controlled by you
China Life Franklin Asset Management Co., Limited	2102 Investment manager
Shan Dong Gang Kou Qing Dao Gang Ji Tuan You Xian Gong Si	2101 Beneficial owner
Shan Dong Sheng Gang Kou Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
China Cosco (hong Kong) Limited	2201 Interest of corporation controlled by you
China Cosco Shipping Corporation Limited	2201 Interest of corporation controlled by you
China Ocean Shipping Co., Ltd.	2201 Interest of corporation controlled by you
Cosco Shipping Holdings Co., Ltd.	2201 Interest of corporation controlled by you
Cosco Shipping Ports Limited	2201 Interest of corporation controlled by you

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