Jinhui Shipping and Transportation (Jinhui Shipping and Transportation) Interest Expense : $-5.32 Mil (TTM As of Mar. 2024)

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What is Jinhui Shipping and Transportation Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jinhui Shipping and Transportation's interest expense for the three months ended in Mar. 2024 was $ -1.50 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-5.32 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. Jinhui Shipping and Transportation's Operating Income for the three months ended in Mar. 2024 was $ 1.73 Mil. Jinhui Shipping and Transportation's Interest Expense for the three months ended in Mar. 2024 was $ -1.50 Mil. Jinhui Shipping and Transportation's Interest Coverage for the quarter that ended in Mar. 2024 was 1.16. 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.

Jinhui Shipping and Transportation Interest Expense Historical Data

The historical data trend for Jinhui Shipping and Transportation'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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Jinhui Shipping and Transportation Interest Expense Chart

Jinhui Shipping and Transportation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.32

-3.12

-1.75

-3.44

-6.23

Jinhui Shipping and Transportation Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-1.48	-1.35	-1.80	-2.02	-1.50

Jinhui Shipping and Transportation 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 $-5.32 Mil.

Jinhui Shipping and Transportation (OTCPK:JNSTF) 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.

Jinhui Shipping and Transportation's Interest Expense for the three months ended in Mar. 2024 was $-1.50 Mil. Its Operating Income for the three months ended in Mar. 2024 was $1.73 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $75.51 Mil.

Jinhui Shipping and Transportation'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	*	1.728	/	-1.495
	=	1.16

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

Jinhui Shipping and Transportation (Jinhui Shipping and Transportation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jinhui Shipping and Transportation Ltd (OTCPK:JNSTF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

JINO:Sweden JIN:Norway

Address

1-6 Connaught Road West, 26th Floor, Yardley Commercial Building, Hong Kong, HKG

Website

http://www.jinhuiship.com/jst

Jinhui Shipping and Transportation Ltd is an investment holding company. It operates its business through its subsidiaries. It principal activities of the business are ship chartering and ship owning. Geographically, it operates in various countries like China, Singapore, Ireland, South Korea, and Thailand. The majority of the revenue comes from the Singapore.