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Wuhan East Lake High Technology Group Co (SHSE:600133) Interest Expense : ¥-353 Mil (TTM As of Mar. 2024)


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What is Wuhan East Lake High Technology Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wuhan East Lake High Technology Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -44 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-353 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. Wuhan East Lake High Technology Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 54 Mil. Wuhan East Lake High Technology Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -44 Mil. Wuhan East Lake High Technology Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.24. 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.

Wuhan East Lake High Technology Group Co Interest Expense Historical Data

The historical data trend for Wuhan East Lake High Technology Group 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.

* Premium members only.

Wuhan East Lake High Technology Group Co Interest Expense Chart

Wuhan East Lake High Technology Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -421.39 -557.95 -522.74 -482.97 -415.11

Wuhan East Lake High Technology Group Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -105.76 -106.64 -98.16 -104.55 -43.51

Wuhan East Lake High Technology Group 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-353 Mil.

* 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.

Wuhan East Lake High Technology Group Co  (SHSE:600133) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Wuhan East Lake High Technology Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-44 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥54 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥3,470 Mil.

Wuhan East Lake High Technology Group Co'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*54.095/-43.511
=1.24

* 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.

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

Wuhan East Lake High Technology Group Co (SHSE:600133) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wuhan East Lake High Technology Group Co Ltd (SHSE:600133) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 1 Huaguan Avenue, Donghu Gaoxin Building, Hongshan District, Wuhan, Hubei, CHN, 430074
Website
http://www.elht.com
Wuhan East Lake High Technology Group Co Ltd is a China-based company engaged in the engineering construction business. It is also engaged in the construction and operation of technology parks, as well as environmental technology business. Its engineering construction business mainly includes road and bridge contracting and construction; its environmental protection technology business mainly includes atmospheric treatment, sewage treatment, and water environment treatment; its science and technology park related business mainly include the investment, promotion, and operation of the science parks.
Executives
Lin Cheng Feng Supervisors

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