Tianjin Capital Environmental Protection Group Co (SHSE:600874) Interest Expense : ¥-402 Mil (TTM As of Mar. 2024)

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What is Tianjin Capital Environmental Protection Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tianjin Capital Environmental Protection Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -104 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-402 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. Tianjin Capital Environmental Protection Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 393 Mil. Tianjin Capital Environmental Protection Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -104 Mil. Tianjin Capital Environmental Protection Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 3.78. 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.

Tianjin Capital Environmental Protection Group Co Interest Expense Historical Data

The historical data trend for Tianjin Capital Environmental Protection 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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Tianjin Capital Environmental Protection Group Co Interest Expense Chart

Tianjin Capital Environmental Protection Group Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-213.98

-272.03

-339.42

-403.07

-390.84

Tianjin Capital Environmental Protection Group 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															-92.64	-99.47	-102.44	-96.30	-103.93

Tianjin Capital Environmental Protection 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-402 Mil.

Tianjin Capital Environmental Protection Group Co (SHSE:600874) 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.

Tianjin Capital Environmental Protection Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-104 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥393 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥8,492 Mil.

Tianjin Capital Environmental Protection Group 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	*	392.566	/	-103.929
	=	3.78

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. Tianjin Capital Environmental Protection Group Co Ltd interest coverage is 4.05, which is low.

Tianjin Capital Environmental Protection Group Co (SHSE:600874) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Tianjin Capital Environmental Protection Group Co Ltd (SHSE:600874) » Definitions » Interest Expense

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Traded in Other Exchanges

01065:Hong Kong TIA:Germany

Address

No. 76, Weijin South Road, 12th Floor, TCEP Building, Nankai District, Tianjin, CHN, 300381

Website

https://www.tjcep.com

Tianjin Capital Environmental Protection Group Co Ltd is a Chinese company mainly engaged in water utility business, new energy cooling and heating supply business. It provides sewage water treatment, construction and management of the related facility, the supply of tap water, recycled water. The company also provides a heating and cooling supply service which includes design, construction, operations, and transfer of centralized heating and cooling infrastructures, and provision of heating and cooling services. The company manages is business mainly in five segments; Sewage processing and facility, recycled water and pipeline connection, heating and cooling services, tap water operations and sale of environmental protection equipment. The company earns majority of its revenue from China.

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