China Tourism Group Duty Free (SHSE:601888) Interest Expense : ¥-304 Mil (TTM As of Mar. 2024)

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What is China Tourism Group Duty Free Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Tourism Group Duty Free's interest expense for the three months ended in Mar. 2024 was ¥ -70 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-304 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 Tourism Group Duty Free's Operating Income for the three months ended in Mar. 2024 was ¥ 2,918 Mil. China Tourism Group Duty Free's Interest Expense for the three months ended in Mar. 2024 was ¥ -70 Mil. China Tourism Group Duty Free's Interest Coverage for the quarter that ended in Mar. 2024 was 41.95. 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 Tourism Group Duty Free Interest Expense Historical Data

The historical data trend for China Tourism Group Duty Free'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 Tourism Group Duty Free Interest Expense Chart

China Tourism Group Duty Free Annual Data

Trend

Dec14

Dec15

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Dec19

Dec20

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Dec23

Interest Expense

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-12.81

-16.89

-221.86

-194.18

-297.89

China Tourism Group Duty Free 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															-63.24	-97.96	-44.11	-92.58	-69.55

China Tourism Group Duty Free 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 ¥-304 Mil.

China Tourism Group Duty Free (SHSE:601888) 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 Tourism Group Duty Free's Interest Expense for the three months ended in Mar. 2024 was ¥-70 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥2,918 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥4,296 Mil.

China Tourism Group Duty Free'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	*	2917.943	/	-69.552
	=	41.95

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

China Tourism Group Duty Free (SHSE:601888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Tourism Group Duty Free Corp Ltd (SHSE:601888) » Definitions » Interest Expense

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01880:Hong Kong

Address

No. 2A, Dongzhimenwai Street, 8th Floor, Block A, Dongcheng District, Beijing, CHN, 100027

Website

https://www.ctgdutyfree.com.cn

China Tourism Group Duty Free Corp Ltd is an investment holding company. The company's segments include Retail and Property. It generates maximum revenue from the Retail segment. The Retail segment offers a comprehensive series of duty-free and duty-paid merchandise to customers in Mainland China, Hong Kong, Macau, Cambodia, etc, through its travel retail business. It also engages sales of duty-free and duty-paid merchandise and income from provision of related services.

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