China Pacific Insurance (Group) Co (China Pacific Insurance (Group) Co) Interest Expense : $-39,079 Mil (TTM As of Dec. 2023)

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What is China Pacific Insurance (Group) Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Pacific Insurance (Group) Co's interest expense for the three months ended in Dec. 2023 was $ -8,525 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-39,079 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. China Pacific Insurance (Group) Co's Operating Income for the three months ended in Dec. 2023 was $ 8,988 Mil. China Pacific Insurance (Group) Co's Interest Expense for the three months ended in Dec. 2023 was $ -8,525 Mil. China Pacific Insurance (Group) Co's Interest Coverage for the quarter that ended in Dec. 2023 was 1.05. 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.

China Pacific Insurance (Group) Co Interest Expense Historical Data

The historical data trend for China Pacific Insurance (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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China Pacific Insurance (Group) Co Interest Expense Chart

China Pacific Insurance (Group) Co Annual Data

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Dec23

Interest Expense

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-39,269.05

-38,938.55

China Pacific Insurance (Group) Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-9,661.06	-11,068.66	-9,639.46	-9,846.12	-8,524.69

China Pacific Insurance (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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-39,079 Mil.

China Pacific Insurance (Group) Co (OTCPK:CHPXF) 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.

China Pacific Insurance (Group) Co's Interest Expense for the three months ended in Dec. 2023 was $-8,525 Mil. Its EBIT for the three months ended in Dec. 2023 was $8,988 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,874 Mil.

China Pacific Insurance (Group) Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	8987.703	/	-8524.691
	=	1.05

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

China Pacific Insurance (Group) Co (China Pacific Insurance (Group) Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » China Pacific Insurance (Group) Co Ltd (OTCPK:CHPXF) » Definitions » Interest Expense

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Traded in Other Exchanges

02601:Hong Kong CPIC:UK 75C:Germany 601601:China

Address

1 South Zhongshan Road, Huangpu, Shanghai, CHN, 200010

Website

https://www.cpic.com.cn

China Pacific Insurance was established in 1988, with headquarter in Beijing. The company is one of the largest providers of life and general insurance products and services. It is China's third-largest life insurer and third-largest general property and casualty insurer. The company strives for an integrated financial services platform that consists of insurance, banking, and asset management.