Guangzhou Port Co (SHSE:601228) Interest Expense : ¥-450 Mil (TTM As of Mar. 2024)

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What is Guangzhou Port Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Guangzhou Port Co's interest expense for the three months ended in Mar. 2024 was ¥ -118 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-450 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. Guangzhou Port Co's Operating Income for the three months ended in Mar. 2024 was ¥ 531 Mil. Guangzhou Port Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -118 Mil. Guangzhou Port Co's Interest Coverage for the quarter that ended in Mar. 2024 was 4.50. 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.

Guangzhou Port Co Interest Expense Historical Data

The historical data trend for Guangzhou Port 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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Guangzhou Port Co Interest Expense Chart

Guangzhou Port Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-226.13

-253.48

-305.73

-335.37

-423.05

Guangzhou Port 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															-90.60	-107.71	-109.03	-115.70	-118.02

Guangzhou Port 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 ¥-450 Mil.

Guangzhou Port Co (SHSE:601228) 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.

Guangzhou Port Co's Interest Expense for the three months ended in Mar. 2024 was ¥-118 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥531 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥16,064 Mil.

Guangzhou Port 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	*	530.617	/	-118.018
	=	4.50

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. Guangzhou Port Co Ltd interest coverage is 4.05, which is low.

Guangzhou Port Co (SHSE:601228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Guangzhou Port Co Ltd (SHSE:601228) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Room 603, No. 9, South Longxue Avenue, Nansha District, Guangdong, Guangzhou, CHN, 510100

Website

http://www.gzport.com

Guangzhou Port Co Ltd is a integrated hub port and container trunk port in South China. Further, it is also involved in various business activities which include container business, petrochemical business, steel business, food business, coal business and others.

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