Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) Interest Expense : ¥-42 Mil (TTM As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Shanghai Jinjiang Shipping (Group) Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Jinjiang Shipping (Group) Co's interest expense for the three months ended in Mar. 2024 was ¥ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-42 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. Shanghai Jinjiang Shipping (Group) Co's Operating Income for the three months ended in Mar. 2024 was ¥ 202 Mil. Shanghai Jinjiang Shipping (Group) Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -8 Mil. Shanghai Jinjiang Shipping (Group) Co's Interest Coverage for the quarter that ended in Mar. 2024 was 26.34. 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.

Shanghai Jinjiang Shipping (Group) Co Interest Expense Historical Data

The historical data trend for Shanghai Jinjiang Shipping (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.

* Premium members only.

Shanghai Jinjiang Shipping (Group) Co Interest Expense Chart

Shanghai Jinjiang Shipping (Group) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-40.21

-35.80

-33.25

-41.86

-43.06

Shanghai Jinjiang Shipping (Group) Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial							-8.68	-13.77	-11.64	-8.98	-7.67

Shanghai Jinjiang Shipping (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 ¥-42 Mil.

Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) 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.

Shanghai Jinjiang Shipping (Group) Co's Interest Expense for the three months ended in Mar. 2024 was ¥-8 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥202 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥377 Mil.

Shanghai Jinjiang Shipping (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	*	202.002	/	-7.67
	=	26.34

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

Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai Jinjiang Shipping (Group) Co Ltd (SHSE:601083) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 98 Huaihai Middle Road, 15th Floor, Admiralty Plaza, Shanghai, CHN, 200021

Website

https://www.jjshipping.cn

Shanghai Jinjiang Shipping (Group) Co Ltd is engaged in International and domestic maritime container transportation business.

Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) Headlines

No Headlines