GCL New Energy Holdings (HKSE:00451) Interest Expense : HK$-485.5 Mil (TTM As of Dec. 2023)

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What is GCL New Energy Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GCL New Energy Holdings's interest expense for the six months ended in Dec. 2023 was HK$ -274.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-485.5 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. GCL New Energy Holdings's Operating Income for the six months ended in Dec. 2023 was HK$ -135.6 Mil. GCL New Energy Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$ -274.3 Mil. GCL New Energy Holdings did not have earnings to cover the interest expense. 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.

GCL New Energy Holdings Interest Expense Historical Data

The historical data trend for GCL New Energy Holdings'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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GCL New Energy Holdings Interest Expense Chart

GCL New Energy Holdings Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3,206.67

-2,904.75

-1,932.71

-638.25

-485.51

GCL New Energy Holdings Semi-Annual Data
	Mar14	Sep14	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															-772.11	-374.31	-281.66	-211.18	-274.33

GCL New Energy Holdings 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$-485.5 Mil.

GCL New Energy Holdings (HKSE:00451) 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.

GCL New Energy Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-274.3 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$-135.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$449.0 Mil.

GCL New Energy Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

GCL New Energy Holdings did not have earnings to cover the interest expense.

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

GCL New Energy Holdings (HKSE:00451) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » GCL New Energy Holdings Ltd (HKSE:00451) » Definitions » Interest Expense

Traded in Other Exchanges

SMTLF:USA TJI:Germany

Address

28 Xinqing Road, Industrial Park, GCL New Energy Center, Suzhou, CHN

Website

http://www.gclnewenergy.com

GCL New Energy Holdings Ltd is an investment holding company that engages in the sale of electricity and development, construction, operation, and management of solar power plants. The company generates nearly all of its revenue from China.

Executives

Elite Time Global Limited
Asia Pacific Energy Fund Limited
Credit Suisse Trust Limited
Dongsheng Photovoltaic Technology (hong Kong) Limited
Gcl Technology Holdings Limited
Zhu Gongshan
Zhu Yufeng
Xie Xin Ji Cheng Ke Ji Gu Fen You Xian Gong Si
Invesco Exchange-traded Fund Trust Ii - Invesco Solar Etf	2106 Person having a security interest in shares
Invesco Capital Management Llc	2102 Investment manager
The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you
Shang Hai Qi Xun Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Ying Kou Qi Yin Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Jiang Su Xie Xin Jian She Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Ju Rong Xie Xin Ji Cheng Ke Ji You Xian Gong Si	2201 Interest of corporation controlled by you

GCL New Energy Holdings (HKSE:00451) Headlines

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