Zhejiang China Commodities City Group Co (SHSE:600415) Interest Expense : ¥-191 Mil (TTM As of Mar. 2024)

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What is Zhejiang China Commodities City Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhejiang China Commodities City Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -62 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-191 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. Zhejiang China Commodities City Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 878 Mil. Zhejiang China Commodities City Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -62 Mil. Zhejiang China Commodities City Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 14.26. 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.

Zhejiang China Commodities City Group Co Interest Expense Historical Data

The historical data trend for Zhejiang China Commodities City 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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Zhejiang China Commodities City Group Co Interest Expense Chart

Zhejiang China Commodities City Group Co Annual Data

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Interest Expense

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-432.00

-386.82

-331.07

-279.06

-190.64

Zhejiang China Commodities City 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															-60.98	-28.89	-102.41	1.64	-61.57

Zhejiang China Commodities City 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 ¥-191 Mil.

Zhejiang China Commodities City Group Co (SHSE:600415) 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.

Zhejiang China Commodities City Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-62 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥878 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥3,132 Mil.

Zhejiang China Commodities City 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	*	877.927	/	-61.573
	=	14.26

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

Zhejiang China Commodities City Group Co (SHSE:600415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhejiang China Commodities City Group Co Ltd (SHSE:600415) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

No. 105 Futian Road, Haiyang Business Building, Yiwu, Zhejiang, CHN, 322000

Website

http://www.cccgroup.com.cn

Zhejiang China Commodities City Group Co Ltd is engaged in the construction and operation of commodities trading platforms in China. The company's activities include the operation of markets, commodities distribution, and provision of hotel services. It is also involved in the development of e-commerce, big data, exhibitions, supply chain, finance, exhibitions, tourism and real estate.

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