Irico Group New Energy Co (HKSE:00438) Interest Expense : HK$-126 Mil (TTM As of Dec. 2023)

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What is Irico Group New Energy Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Irico Group New Energy Co's interest expense for the six months ended in Dec. 2023 was HK$ -69 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-126 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. Irico Group New Energy Co's Operating Income for the six months ended in Dec. 2023 was HK$ 47 Mil. Irico Group New Energy Co's Interest Expense for the six months ended in Dec. 2023 was HK$ -69 Mil. Irico Group New Energy Co's Interest Coverage for the quarter that ended in Dec. 2023 was 0.68. 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.

Irico Group New Energy Co Interest Expense Historical Data

The historical data trend for Irico Group New Energy 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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Irico Group New Energy Co Interest Expense Chart

Irico Group New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-127.12

-149.84

-93.91

-94.78

-125.86

Irico Group New Energy 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															-46.76	-48.58	-48.50	-56.62	-69.24

Irico Group New Energy 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$-126 Mil.

Irico Group New Energy Co (HKSE:00438) 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.

Irico Group New Energy Co's Interest Expense for the six months ended in Dec. 2023 was HK$-69 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$47 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$2,558 Mil.

Irico Group New Energy 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	*	47.235	/	-69.236
	=	0.68

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

Irico Group New Energy Co (HKSE:00438) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Irico Group New Energy Co Ltd (HKSE:00438) » Definitions » Interest Expense

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Address

No. 1 Caihong Road, Qingdu District, Shaanxi Province, Xianyang, CHN, 712021

Website

http://www.irico.com.cn/en

Irico Group New Energy Co Ltd is mainly engaged in the solar photovoltaic business. It operates through the following segments: Solar photovoltaic & module business segment, and Others. The majority of its revenue is derived from Solar Photovoltaic, which includes Solar photovoltaic glass, Solar photovoltaic modules, Solar photovoltaic power stations, and Quartz sand business. Its geographical segments are China (excluding Hong Kong), Hong Kong, and Other countries, of which the majority of its revenue comes from China.

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