Shanxi Lu'an Environmental Energy Development Co (SHSE:601699) Interest Expense : ¥-341 Mil (TTM As of Mar. 2024)

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What is Shanxi Lu'an Environmental Energy Development Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanxi Lu'an Environmental Energy Development Co's interest expense for the three months ended in Mar. 2024 was ¥ -231 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-341 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. Shanxi Lu'an Environmental Energy Development Co's Operating Income for the three months ended in Mar. 2024 was ¥ 2,062 Mil. Shanxi Lu'an Environmental Energy Development Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -231 Mil. Shanxi Lu'an Environmental Energy Development Co's Interest Coverage for the quarter that ended in Mar. 2024 was 8.92. 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.

Shanxi Lu'an Environmental Energy Development Co Interest Expense Historical Data

The historical data trend for Shanxi Lu'an Environmental Energy Development 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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Shanxi Lu'an Environmental Energy Development Co Interest Expense Chart

Shanxi Lu'an Environmental Energy Development Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-1,455.26

-1,262.11

-1,435.38

-1,046.47

-400.75

Shanxi Lu'an Environmental Energy Development 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															-290.58	59.02	-36.47	-132.72	-231.13

Shanxi Lu'an Environmental Energy Development 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 ¥-341 Mil.

Shanxi Lu'an Environmental Energy Development Co (SHSE:601699) 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.

Shanxi Lu'an Environmental Energy Development Co's Interest Expense for the three months ended in Mar. 2024 was ¥-231 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥2,062 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥1,054 Mil.

Shanxi Lu'an Environmental Energy Development 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	*	2062.106	/	-231.125
	=	8.92

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

Shanxi Lu'an Environmental Energy Development Co (SHSE:601699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Shanxi Lu'an Environmental Energy Development Co Ltd (SHSE:601699) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

North Street, No. 65, High - tech Development Zone, Shanxi Province, Changzhi, CHN, 046204

Website

http://www.luanhn.com

Based in Changzhi City, Shanxi Province, China, Lu'an first listed shares on the A-share market in 2006. As of late 2010, Lu'an Mining Industry Group held a 63.99% stake in Lu'an. Lu'an is mainly engaged in mining, washing, processing and distribution of coal. In 2010, the company produced 33.22 million tons of coals and sold CNY 18.2 billion worth of coal. The company's coal business had a gross margin of 47% in 2010.

Executives

Jia En Li	senior management
Lv Chuan Tian	Supervisors

Shanxi Lu'an Environmental Energy Development Co (SHSE:601699) Headlines

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