Tsingtao Brewery Co (STU:TSI) Interest Expense : €-3 Mil (TTM As of Mar. 2024)

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What is Tsingtao Brewery Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tsingtao Brewery Co's interest expense for the three months ended in Mar. 2024 was € -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-3 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. Tsingtao Brewery Co's Operating Income for the three months ended in Mar. 2024 was € 246 Mil. Tsingtao Brewery Co's Interest Expense for the three months ended in Mar. 2024 was € -1 Mil. Tsingtao Brewery Co's Interest Coverage for the quarter that ended in Mar. 2024 was 324.17. 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.

Tsingtao Brewery Co Interest Expense Historical Data

The historical data trend for Tsingtao Brewery 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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Tsingtao Brewery Co Interest Expense Chart

Tsingtao Brewery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.75

-1.72

-3.15

-1.25

-2.11

Tsingtao Brewery 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															-0.39	-0.18	-0.31	-1.25	-0.76

Tsingtao Brewery 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 €-3 Mil.

Tsingtao Brewery Co (STU:TSI) 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.

Tsingtao Brewery Co's Interest Expense for the three months ended in Mar. 2024 was €-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was €246 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €9 Mil.

Tsingtao Brewery 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	*	246.045	/	-0.759
	=	324.17

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Tsingtao Brewery Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Tsingtao Brewery Co (STU:TSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Tsingtao Brewery Co Ltd (STU:TSI) » Definitions » Interest Expense

Traded in Other Exchanges

TSGTY:USA TSGTF:USA 00168:Hong Kong 600600:China

Address

No. 35, Donghai West Road, Tsingtao Beer Tower, Shandong Province, Qingdao, CHN, 266071

Website

https://www.tsingtao.com

With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company has a dominant position in its core market, Shandong province, which contributed over 60% of its revenue and net profit in 2022. Unlike other major brewers, Tsingtao Brewery's brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio in recent years.