HK Electric Investments and HK Electric Investments (HKSE:02638) Interest Expense : HK$-1,360 Mil (TTM As of Dec. 2023)

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What is HK Electric Investments and HK Electric Investments Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. HK Electric Investments and HK Electric Investments's interest expense for the six months ended in Dec. 2023 was HK$ -715 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-1,360 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. HK Electric Investments and HK Electric Investments's Operating Income for the six months ended in Dec. 2023 was HK$ 2,841 Mil. HK Electric Investments and HK Electric Investments's Interest Expense for the six months ended in Dec. 2023 was HK$ -715 Mil. HK Electric Investments and HK Electric Investments's Interest Coverage for the quarter that ended in Dec. 2023 was 3.97. 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.

HK Electric Investments and HK Electric Investments Interest Expense Historical Data

The historical data trend for HK Electric Investments and HK Electric Investments'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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HK Electric Investments and HK Electric Investments Interest Expense Chart

HK Electric Investments and HK Electric Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,004.00

-971.00

-800.00

-961.00

-1,360.00

HK Electric Investments and HK Electric Investments 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															-400.00	-399.00	-562.00	-645.00	-715.00

HK Electric Investments and HK Electric Investments 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$-1,360 Mil.

HK Electric Investments and HK Electric Investments (HKSE:02638) 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.

HK Electric Investments and HK Electric Investments's Interest Expense for the six months ended in Dec. 2023 was HK$-715 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$2,841 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$49,448 Mil.

HK Electric Investments and HK Electric Investments'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	*	2841	/	-715
	=	3.97

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. HK Electric Investments and HK Electric Investments Ltd interest coverage is 3.78, which is low.

HK Electric Investments and HK Electric Investments (HKSE:02638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » HK Electric Investments and HK Electric Investments Ltd (HKSE:02638) » Definitions » Interest Expense

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HKVTY:USA HKCVF:USA HKT:Germany

Address

44 Kennedy Road, Hong Kong Electric Centre, Hong Kong, HKG

Website

https://www.hkelectric.com

HK ELECTRIC INVESTMENTS LIMITED is a fixed single investment trust in Hong Kong with a focus on the power industry. The Company is a vertically integrated power utility and its operations comprise the generation, transmission, distribution and supply of electricity to Hong Kong Island and Lamma Island. Its principal operating subsidiary is The Hongkong Electric Company, Limited (HEC). HEC's sole power generation facility is the Lamma Power Station which has an aggregate installed capacity of approximately 3,700 megawatt (MW). The Company provides electricity to approximately 568,000 registered customers on Hong Kong Island and Lamma Island.

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