Huzhou Gas Co (HKSE:06661) Interest Expense : HK$-4 Mil (TTM As of Dec. 2023)

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What is Huzhou Gas Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Huzhou Gas Co's interest expense for the six months ended in Dec. 2023 was HK$ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-4 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. Huzhou Gas Co's Operating Income for the six months ended in Dec. 2023 was HK$ 117 Mil. Huzhou Gas Co's Interest Expense for the six months ended in Dec. 2023 was HK$ -2 Mil. Huzhou Gas Co's Interest Coverage for the quarter that ended in Dec. 2023 was 64.75. 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.

Huzhou Gas Co Interest Expense Historical Data

The historical data trend for Huzhou Gas 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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Huzhou Gas Co Interest Expense Chart

Huzhou Gas Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.28

-0.33

-1.51

-2.76

-3.90

Huzhou Gas Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial			-1.45	-0.55	-2.24	-2.09	-1.81

Huzhou Gas 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$-4 Mil.

Huzhou Gas Co (HKSE:06661) 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.

Huzhou Gas Co's Interest Expense for the six months ended in Dec. 2023 was HK$-2 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$117 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$21 Mil.

Huzhou Gas 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	*	117.137	/	-1.809
	=	64.75

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Huzhou Gas Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Huzhou Gas Co (HKSE:06661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Huzhou Gas Co Ltd (HKSE:06661) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

227 Sizhong Road, Zhejiang Province, Huzhou, CHN

Website

https://www.hzrqgf.com

Huzhou Gas Co Ltd is the largest piped natural gas distributor. The principal business of the company comprises of sale of gas, mainly PNG under the Concessions; provision of construction and installation services to construct and install end-user pipeline network and gas facilities for customers such as property developers and owners or occupants of residential and non-residential properties; and others, including sale of household gas appliances.

Executives

Bank Of Communications Co., Ltd.	2201 Interest of corporation controlled by you
Bocom International Holdings Company Limited	2201 Interest of corporation controlled by you
New Partner Intl Ltd	2101 Beneficial owner
Yu Linqiang	2101 Beneficial owner
Guo Tou Tai Kang Xin Tuo You Xian Gong Si	2301 Trustee
Dong Fang Ji Jin Guan Li Gu Fen You Xian Gong Si
Wu Shu Ying	2202 Interest of your spouse
Meng Er Hu	2201 Interest of corporation controlled by you
Yu Rong Fang	2202 Interest of your spouse
Bank Of Communications (nominee) Company Limited	2201 Interest of corporation controlled by you
Bocom International Securities Company Limited	2106 Person having a security interest in shares
Xin Ao Neng Yuan Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Xin Ao Zhong Guo Ran Qi Tou Zi You Xian Gong Si	2101 Beneficial owner

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