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Grandblue Environment Co (SHSE:600323) Interest Expense : ¥-2 Mil (TTM As of Mar. 2024)


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What is Grandblue Environment Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grandblue Environment Co's interest expense for the three months ended in Mar. 2024 was ¥ -124 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-2 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. Grandblue Environment Co's Operating Income for the three months ended in Mar. 2024 was ¥ 628 Mil. Grandblue Environment Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -124 Mil. Grandblue Environment Co's Interest Coverage for the quarter that ended in Mar. 2024 was 5.08. 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.

Grandblue Environment Co Interest Expense Historical Data

The historical data trend for Grandblue Environment 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.

Grandblue Environment Co Interest Expense Chart

Grandblue Environment 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 -242.41 -335.38 -470.99 -5.44 -5.45

Grandblue Environment 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 -126.73 -137.61 -138.62 397.50 -123.75

Grandblue Environment 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 ¥-2 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.

Grandblue Environment Co  (SHSE:600323) 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.

Grandblue Environment Co's Interest Expense for the three months ended in Mar. 2024 was ¥-124 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥628 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥11,435 Mil.

Grandblue Environment 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*628.413/-123.745
=5.08

* 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.

Grandblue Environment Co (SHSE:600323) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Grandblue Environment Co Ltd (SHSE:600323) » Definitions » Interest Expense
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SHSE:600461 SZSE:000685 SZSE:003039 SZSE:000598 SHSE:601158 SHSE:603291 SHSE:601199 SHSE:600283 SHSE:600168 SHSE:688101 AWK WTRG BSP:SBSP3 LSE:SVT LSE:UU. HKSE:00270 HKSE:00371 CWT AWR DFM:TABREED
Traded in Other Exchanges
N/A
Address
Cailian Building, Nanhai Avenue, Guicheng, Nanhai District, Guangdong Province, Foshan, CHN, 528200
Website
http://www.grandblue.cn
Grandblue Environment Co Ltd is mainly engaged in urban water supply, sewage treatment, solid waste processing, and construction and operation of municipal infrastructure.
Executives
Jin Duo Director
Huang Zhi He Director
Liang Hui Ming Supervisors
Chen Hui Xia senior management
He Xiang Ming Director
Ou Yang Ji Yuan Supervisors
Feng Cheng Gui Director
Liang Run Qiu Director

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