Xinjiang Communications Construction Group Co (SZSE:002941) Interest Expense : ¥-243 Mil (TTM As of Mar. 2024)

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What is Xinjiang Communications Construction Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Xinjiang Communications Construction Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -65 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-243 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. Xinjiang Communications Construction Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ -30 Mil. Xinjiang Communications Construction Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -65 Mil. Xinjiang Communications Construction Group Co did not have earnings to cover the interest expense. 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.

Xinjiang Communications Construction Group Co Interest Expense Historical Data

The historical data trend for Xinjiang Communications Construction 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.

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Xinjiang Communications Construction Group Co Interest Expense Chart

Xinjiang Communications Construction Group Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-93.76

-107.42

-225.62

-211.07

-239.40

Xinjiang Communications Construction Group 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															-60.80	-57.60	-58.24	-62.76	-64.77

Xinjiang Communications Construction 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 ¥-243 Mil.

Xinjiang Communications Construction Group Co (SZSE:002941) 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.

Xinjiang Communications Construction Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-65 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-30 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥5,547 Mil.

Xinjiang Communications Construction Group Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Xinjiang Communications Construction Group Co did not have earnings to cover the interest expense.

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. Xinjiang Communications Construction Group Co Ltd interest coverage is 1.75, which is low.

Xinjiang Communications Construction Group Co (SZSE:002941) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Xinjiang Communications Construction Group Co Ltd (SZSE:002941) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 229, Lushan Road, Economic and Technological Development Zone, Xinjiang, Urumqi, CHN

Website

http://www.xjjtjt.com

Xinjiang Communications Construction Group Co Ltd operates as a transportation infrastructure construction industry in Xinjiang. It mainly focuses on highways, bridges, traffic safety facilities, technology maintenance, road and bridge test, and other business projects. The company operates in four business areas including infrastructure business, overseas business, material logistics business, and other business.

Executives

Lin Qiang	Directors, executives
Wang Cheng	Directors, executives
Yu Hong Yin	Director
Shen Jin Sheng	Director
Sui Shao Xin	Director
Huang Yong	Executives
Xiong Gang	Executives
Sai Li Ke A Wu Ha Li	Executives
Ceng Xue Yu	Executives
Zhu Tian Shan	Director
Hu Zhong Dong	Supervisors

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