CGN New Energy Holdings Co (HKSE:01811) Interest Expense : HK$-1,664 Mil (TTM As of Dec. 2023)

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What is CGN New Energy Holdings Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CGN New Energy Holdings Co's interest expense for the six months ended in Dec. 2023 was HK$ -795 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-1,664 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. CGN New Energy Holdings Co's Operating Income for the six months ended in Dec. 2023 was HK$ 1,699 Mil. CGN New Energy Holdings Co's Interest Expense for the six months ended in Dec. 2023 was HK$ -795 Mil. CGN New Energy Holdings Co's Interest Coverage for the quarter that ended in Dec. 2023 was 2.14. 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.

CGN New Energy Holdings Co Interest Expense Historical Data

The historical data trend for CGN New Energy Holdings 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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CGN New Energy Holdings Co Interest Expense Chart

CGN New Energy Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-953.09

-1,124.06

-1,467.90

-1,768.10

-1,661.65

CGN New Energy Holdings Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-799.92	-943.92	-831.72	-869.02	-795.21

CGN New Energy Holdings 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 semi-annually data reported by the company within the most recent 12 months, which was HK$-1,664 Mil.

CGN New Energy Holdings Co (HKSE:01811) 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.

CGN New Energy Holdings Co's Interest Expense for the six months ended in Dec. 2023 was HK$-795 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$1,699 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$35,860 Mil.

CGN New Energy Holdings Co'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	*	1699.334	/	-795.209
	=	2.14

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. CGN New Energy Holdings Co Ltd interest coverage is 2.64, which is low.

CGN New Energy Holdings Co (HKSE:01811) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CGN New Energy Holdings Co Ltd (HKSE:01811) » Definitions » Interest Expense

Traded in Other Exchanges

C41:Germany

Address

25 Harbour Road, 15th Floor, Harbour Centre, Wanchai, Hong Kong, HKG

Website

http://www.cgnne.com

CGN New Energy Holdings Co Ltd together with its subsidiaries is engaged in the generation and supply of electricity and steam, the construction and operation of power stations, and other associated facilities in PRC and Korea. The company has three reportable segments; Power plants in the PRC include the Generation and supply of electricity, Power plants in Korea include the Generation and supply of electricity, and Management companies include the Provision of management services to power plants operated by CGN and its subsidiaries.

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