China Conch Environment Protection Holdings (HKSE:00587) Interest Expense : HK$-111 Mil (TTM As of Dec. 2023)

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What is China Conch Environment Protection Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Conch Environment Protection Holdings's interest expense for the six months ended in Dec. 2023 was HK$ -57 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-111 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 Conch Environment Protection Holdings's Operating Income for the six months ended in Dec. 2023 was HK$ 178 Mil. China Conch Environment Protection Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$ -57 Mil. China Conch Environment Protection Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 3.14. 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 Conch Environment Protection Holdings Interest Expense Historical Data

The historical data trend for China Conch Environment Protection Holdings'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 Conch Environment Protection Holdings Interest Expense Chart

China Conch Environment Protection Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-7.64

-14.45

-63.77

-102.77

-111.02

China Conch Environment Protection Holdings Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial				-40.59	-50.86	-54.32	-54.33	-56.69

China Conch Environment Protection Holdings 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 semi-annually data reported by the company within the most recent 12 months, which was HK$-111 Mil.

China Conch Environment Protection Holdings (HKSE:00587) 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 Conch Environment Protection Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-57 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$178 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$3,268 Mil.

China Conch Environment Protection Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	178.002	/	-56.694
	=	3.14

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. China Conch Environment Protection Holdings Ltd interest coverage is 4.52, which is low.

China Conch Environment Protection Holdings (HKSE:00587) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » China Conch Environment Protection Holdings Ltd (HKSE:00587) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1005, South Jiuhua Road, Yijiang District, Anhui Province, Wuhu Conch International Conference Center, Wuhu, CHN, 241070

Website

https://www.conchenviro.com

China Conch Environment Protection Holdings Ltd is an energy conservation and environmental protection enterprise focusing on providing eco-friendly and cost-efficient treatment of industrial solid and hazardous waste in China. It had secured around 100 environmental protection projects in various provinces, municipalities, and regions nationwide. The group has three segments: industrial hazardous waste treatment services, industrial solid waste treatment services and comprehensive resource utilization.

Executives

Wang Jingqian	2103 Interests held jointly with another person
An Hui Hai Luo Shui Ni Gu Fen You Xian Gong Si	2103 Interests held jointly with another person
Wu Hu Hai Chuang Shi Ye You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
An Hui Hai Luo Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Hai Luo Chuang Ye Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Han Zhuhua	2103 Interests held jointly with another person
Zhou Xiaochuan	2103 Interests held jointly with another person
Yan Zi	2103 Interests held jointly with another person
Qi Shengli	2103 Interests held jointly with another person
Ma Wei	2103 Interests held jointly with another person
Liao Dan	2202 Interest of your spouse
Li Xiaobo	2103 Interests held jointly with another person
Li Qunfeng	2103 Interests held jointly with another person
Ji Xian	2103 Interests held jointly with another person
Guo Dan	2103 Interests held jointly with another person

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