Chongqing Water Group Co (SHSE:601158) Interest Expense : ¥-265 Mil (TTM As of Mar. 2024)

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What is Chongqing Water Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chongqing Water Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -63 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-265 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. Chongqing Water Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 196 Mil. Chongqing Water Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -63 Mil. Chongqing Water Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 3.12. 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.

Chongqing Water Group Co Interest Expense Historical Data

The historical data trend for Chongqing Water 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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Chongqing Water Group Co Interest Expense Chart

Chongqing Water Group Co Annual Data

Trend

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Dec23

Interest Expense

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-28.57

-84.14

-154.06

-164.98

-255.79

Chongqing Water 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															-53.52	-62.54	-57.31	-82.41	-62.86

Chongqing Water 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 ¥-265 Mil.

Chongqing Water Group Co (SHSE:601158) 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.

Chongqing Water Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-63 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥196 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥8,624 Mil.

Chongqing Water 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	*	196.321	/	-62.857
	=	3.12

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. Chongqing Water Group Co Ltd interest coverage is 3.58, which is low.

Chongqing Water Group Co (SHSE:601158) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Chongqing Water Group Co Ltd (SHSE:601158) » Definitions » Interest Expense

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Address

Number 1 Longjiawan, Yuzhong District, Chongqing, CHN, 400015

Website

http://www.cncqsw.com

Chongqing Water Group Co Ltd engages in water supply, sewage treatment, engineering construction, and other businesses in China. The company also constructs, operates, and maintains drainage facilities; and collects, treats, and discharges domestic sewage, industrial and commercial sewage, rainwater, and other sewage from the urban sewage pipe network, as well as treats sewage in rivers.

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