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Shenzhen Airport Co (SZSE:000089) Interest Expense : ¥-381 Mil (TTM As of Mar. 2024)


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What is Shenzhen Airport Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shenzhen Airport Co's interest expense for the three months ended in Mar. 2024 was ¥ -93 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-381 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. Shenzhen Airport Co's Operating Income for the three months ended in Mar. 2024 was ¥ 183 Mil. Shenzhen Airport Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -93 Mil. Shenzhen Airport Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.96. 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.

Shenzhen Airport Co Interest Expense Historical Data

The historical data trend for Shenzhen Airport 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.

Shenzhen Airport Co Interest Expense Chart

Shenzhen Airport 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 -0.34 -0.69 -156.26 -380.35 -381.92

Shenzhen Airport 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 -93.82 -92.63 -92.72 -102.75 -93.23

Shenzhen Airport 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 ¥-381 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.

Shenzhen Airport Co  (SZSE:000089) 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.

Shenzhen Airport Co's Interest Expense for the three months ended in Mar. 2024 was ¥-93 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥183 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥9,898 Mil.

Shenzhen Airport 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*183.185/-93.226
=1.96

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Shenzhen Airport Co Ltd interest coverage is 1.6, which is low.

Shenzhen Airport Co (SZSE:000089) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shenzhen Airport Co Ltd (SZSE:000089) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Bao'an International Airport, Building A, Office Building, T3 Business District, Guangdong, Shenzhen, CHN, 518128
Website
http://www.szairport.com
Shenzhen Airport Co Ltd is an international airport in China. Apart from the provision of flight services, the company also offers air cargo transportation services internationally.
Executives
Zhang Zi Sheng Supervisors
Wu Yue Juan Directors, executives
Luo Yi Executives
Zhang Huai Executives

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