Shandong Hi-Speed Co (SHSE:600350) Interest Expense : ¥-2,343 Mil (TTM As of Mar. 2024)

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What is Shandong Hi-Speed Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shandong Hi-Speed Co's interest expense for the three months ended in Mar. 2024 was ¥ -571 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-2,343 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. Shandong Hi-Speed Co's Operating Income for the three months ended in Mar. 2024 was ¥ 1,322 Mil. Shandong Hi-Speed Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -571 Mil. Shandong Hi-Speed Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.31. 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.

Shandong Hi-Speed Co Interest Expense Historical Data

The historical data trend for Shandong Hi-Speed 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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Shandong Hi-Speed Co Interest Expense Chart

Shandong Hi-Speed Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-1,377.72

-1,701.84

-2,022.08

-2,245.99

-2,361.10

Shandong Hi-Speed 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															-589.17	-574.47	-583.74	-613.73	-571.08

Shandong Hi-Speed 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 ¥-2,343 Mil.

Shandong Hi-Speed Co (SHSE:600350) 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.

Shandong Hi-Speed Co's Interest Expense for the three months ended in Mar. 2024 was ¥-571 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥1,322 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥58,445 Mil.

Shandong Hi-Speed 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	*	1321.729	/	-571.081
	=	2.31

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. Shandong Hi-Speed Co Ltd interest coverage is 2.66, which is low.

Shandong Hi-Speed Co (SHSE:600350) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shandong Hi-Speed Co Ltd (SHSE:600350) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 5006, Aoti Middle Road, Shandong, Jinan, CHN, 250101

Website

http://www.sdecl.com.cn

Shandong Hi-Speed Co Ltd is a China-based company mainly engaged in the investment and operation of transportation infrastructure. It is also engaged in activities of equity investment in the upstream and downstream industries, finance, and environmental protection of the highway industry chain. It operates and maintains toll roads, bridges, tunnels, and other infrastructure facilities. The company earns majority revenue in the form of Toll, railway transportation, sales of goods, project construction, and other businesses.

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