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Cofco Sugar Holding Co (SHSE:600737) Interest Expense : ¥-61 Mil (TTM As of Mar. 2024)


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What is Cofco Sugar Holding Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cofco Sugar Holding Co's interest expense for the three months ended in Mar. 2024 was ¥ -36 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-61 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. Cofco Sugar Holding Co's Operating Income for the three months ended in Mar. 2024 was ¥ 533 Mil. Cofco Sugar Holding Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -36 Mil. Cofco Sugar Holding Co's Interest Coverage for the quarter that ended in Mar. 2024 was 14.87. 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.

Cofco Sugar Holding Co Interest Expense Historical Data

The historical data trend for Cofco Sugar Holding 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.

* Premium members only.

Cofco Sugar Holding Co Interest Expense Chart

Cofco Sugar Holding Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -268.47 -243.29 -175.83 -142.96 -101.04

Cofco Sugar Holding 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -76.36 -12.29 -27.28 14.89 -35.87

Cofco Sugar Holding 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 ¥-61 Mil.

* 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.

Cofco Sugar Holding Co  (SHSE:600737) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Cofco Sugar Holding Co's Interest Expense for the three months ended in Mar. 2024 was ¥-36 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥533 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥35 Mil.

Cofco Sugar Holding 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*533.229/-35.87
=14.87

* 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.

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

Cofco Sugar Holding Co (SHSE:600737) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cofco Sugar Holding Co Ltd (SHSE:600737) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Xinjiang Uygur Autonomous Region, W101, 1st Floor, Building 54, Yutang Village, Daxiqu Town District, Changji Prefecture, Changji, CHN, 830000
Website
http://www.cofcotunhe.com
Cofco Sugar Holding Co Ltd is engaged in sugar business and tomato processing business. The company also takes care of sugar imports, port sugar refining, and sugar storage and logistics. Some of the company's products are raw sugar, white sugar, organic white granulated sugar, refined sugar, brown sugar, molasses, beet ordinary granules, and plus honey granules.
Executives
Li Feng Chun senior management
Yu Tian Chi senior management
Yang Hong senior management

Cofco Sugar Holding Co (SHSE:600737) Headlines

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