SINOPEC Engineering (Group) Co (HKSE:02386) Interest Expense : HK$-79 Mil (TTM As of Dec. 2023)

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What is SINOPEC Engineering (Group) Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SINOPEC Engineering (Group) Co's interest expense for the six months ended in Dec. 2023 was HK$ -44 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-79 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. SINOPEC Engineering (Group) Co's Operating Income for the six months ended in Dec. 2023 was HK$ 1,062 Mil. SINOPEC Engineering (Group) Co's Interest Expense for the six months ended in Dec. 2023 was HK$ -44 Mil. SINOPEC Engineering (Group) Co's Interest Coverage for the quarter that ended in Dec. 2023 was 24.24. 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.

SINOPEC Engineering (Group) Co Interest Expense Historical Data

The historical data trend for SINOPEC Engineering (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.

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SINOPEC Engineering (Group) Co Interest Expense Chart

SINOPEC Engineering (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-123.66

-107.15

-101.38

-82.07

-78.80

SINOPEC Engineering (Group) 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															-51.82	-41.76	-42.28	-34.98	-43.82

SINOPEC Engineering (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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-79 Mil.

SINOPEC Engineering (Group) Co (HKSE:02386) 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.

SINOPEC Engineering (Group) Co's Interest Expense for the six months ended in Dec. 2023 was HK$-44 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$1,062 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$149 Mil.

SINOPEC Engineering (Group) 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	*	1062.263	/	-43.823
	=	24.24

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

SINOPEC Engineering (Group) Co (HKSE:02386) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » SINOPEC Engineering (Group) Co Ltd (HKSE:02386) » Definitions » Interest Expense

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SENGF:USA

Address

Shenggu Middle Road, No. 8 Building, Shenggu Home, Chaoyang District, Beijing, CHN, 100029

Website

http://www.segroup.cn

SINOPEC Engineering (Group) Co Ltd is a wholly owned subsidiary of the Sinopec Group, a Chinese company. The group provides integrated engineering services and technical patents for domestic and international refining and chemical engineering businesses. The group mainly contains four segments: engineering, consulting and licensing; engineering, procurement and construction (EPC) contracting; construction; and equipment manufacturing. The company generates most of its revenue from the EPC contracting segment. Geographically, the business presence of the group is primarily seen in China, Malaysia, Kuwait, and Saudi Arabia.

Executives

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Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Brown Brothers Harriman & Co.	2502 Approved lending agent
Blackrock, Inc.	2201 Interest of corporation controlled by you

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