Binhai Investment Co (HKSE:02886) Interest Expense : HK$-163 Mil (TTM As of Dec. 2023)

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What is Binhai Investment Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Binhai Investment Co's interest expense for the six months ended in Dec. 2023 was HK$ -81 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-163 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. Binhai Investment Co's Operating Income for the six months ended in Dec. 2023 was HK$ 191 Mil. Binhai Investment Co's Interest Expense for the six months ended in Dec. 2023 was HK$ -81 Mil. Binhai Investment Co's Interest Coverage for the quarter that ended in Dec. 2023 was 2.34. 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.

Binhai Investment Co Interest Expense Historical Data

The historical data trend for Binhai Investment 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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Binhai Investment Co Interest Expense Chart

Binhai Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-106.64

-104.88

-104.62

-116.90

-163.01

Binhai Investment 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															-46.32	-49.21	-67.69	-81.62	-81.39

Binhai Investment 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$-163 Mil.

Binhai Investment Co (HKSE:02886) 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.

Binhai Investment Co's Interest Expense for the six months ended in Dec. 2023 was HK$-81 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$191 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$2,066 Mil.

Binhai Investment 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	*	190.859	/	-81.392
	=	2.34

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

Binhai Investment Co (HKSE:02886) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Binhai Investment Co Ltd (HKSE:02886) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

WS7A:Germany

Address

1 Matheson Street, Causeway Bay, Suites 3205-07, 32nd Floor, Tower Two, Times Square, Hong Kong, HKG

Website

https://www.binhaiinv.com

Binhai Investment Co Ltd is an investment holding company engaged in the sales of piped natural gas, construction, and gas pipeline installation service, gas passing through service, and sales of bottled natural gas. It derives a majority of its revenue from construction, and gas pipeline installation services in which the group constructs gas pipelines for its clients and connects such pipelines to the group's main gas pipeline networks and charges construction and gas pipeline installation service fees from industrial and commercial customers, property developers and property management companies.

Executives

Teda Investment Holding Co., Ltd.
Tian Jin Tai Da Shi Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Tian Jin Bo Hai Guo You Zi Chan Jing Ying Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Tianjin Teda Investment Holding Co., Ltd.	2201 Interest of corporation controlled by you
China Petrochemical Corporation	2101 Beneficial owner
Zhong Guo Shi You Hua Gong Gu Fen You Xian Gong Si	2101 Beneficial owner

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