China Eastern Airlines (SHSE:600115) Interest Expense : ¥-505 Mil (TTM As of Mar. 2024)

View and export this data going back to 1997. Start your Free Trial

What is China Eastern Airlines Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Eastern Airlines's interest expense for the three months ended in Mar. 2024 was ¥ -1,366 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-505 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 Eastern Airlines's Operating Income for the three months ended in Mar. 2024 was ¥ 511 Mil. China Eastern Airlines's Interest Expense for the three months ended in Mar. 2024 was ¥ -1,366 Mil. China Eastern Airlines's Interest Coverage for the quarter that ended in Mar. 2024 was 0.37. 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 Eastern Airlines Interest Expense Historical Data

The historical data trend for China Eastern Airlines'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.

* Premium members only.

China Eastern Airlines Interest Expense Chart

China Eastern Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-5,169.00

-5,214.00

-2,924.00

-2,807.00

-2,757.00

China Eastern Airlines 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															-1,786.00	289.00	-1,547.00	2,119.00	-1,366.00

China Eastern Airlines 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 ¥-505 Mil.

China Eastern Airlines (SHSE:600115) 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 Eastern Airlines's Interest Expense for the three months ended in Mar. 2024 was ¥-1,366 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥511 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥123,423 Mil.

China Eastern Airlines'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	*	511	/	-1366
	=	0.37

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. China Eastern Airlines Corp Ltd interest coverage is 2.26, which is low.

China Eastern Airlines (SHSE:600115) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Eastern Airlines Corp Ltd (SHSE:600115) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CHEAF:USA 00670:Hong Kong CIAH:Germany

Address

36 Hongxiang 3rd Road, 5th Floor, Block A2, CEA Building, Northern District, Minhang District, Shanghai, CHN, 201100

Website

https://www.ceair.com

China Eastern Airlines is based in Shanghai and is one of the three largest state-owned airlines in China. The group operated a fleet of 778 aircraft as of 2022 and carried more than 130 million passengers in prepandemic 2019. It runs a hub-and-spoke model under which it gathers and distributes passengers from air hubs like Shanghai, Beijing, Xi'an, and Kunming. The group's route network extends to over 220 destinations and 40 countries and regions.

China Eastern Airlines (SHSE:600115) Headlines

No Headlines