Anhui Province Natural Gas Development Co (SHSE:603689) Interest Expense : ¥-66 Mil (TTM As of Mar. 2024)

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What is Anhui Province Natural Gas Development Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Anhui Province Natural Gas Development Co's interest expense for the three months ended in Mar. 2024 was ¥ -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-66 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. Anhui Province Natural Gas Development Co's Operating Income for the three months ended in Mar. 2024 was ¥ 155 Mil. Anhui Province Natural Gas Development Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -19 Mil. Anhui Province Natural Gas Development Co's Interest Coverage for the quarter that ended in Mar. 2024 was 8.26. 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.

Anhui Province Natural Gas Development Co Interest Expense Historical Data

The historical data trend for Anhui Province Natural Gas Development 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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Anhui Province Natural Gas Development Co Interest Expense Chart

Anhui Province Natural Gas Development Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-10.37

-12.51

-22.22

-51.09

-57.60

Anhui Province Natural Gas Development 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															-10.56	-11.66	-10.98	-24.40	-18.81

Anhui Province Natural Gas Development 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 ¥-66 Mil.

Anhui Province Natural Gas Development Co (SHSE:603689) 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.

Anhui Province Natural Gas Development Co's Interest Expense for the three months ended in Mar. 2024 was ¥-19 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥155 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥2,490 Mil.

Anhui Province Natural Gas Development 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	*	155.368	/	-18.813
	=	8.26

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

Anhui Province Natural Gas Development Co (SHSE:603689) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Anhui Province Natural Gas Development Co Ltd (SHSE:603689) » Definitions » Interest Expense

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Address

No. 9 Dalian Road, Baohe Industrial Zone, Anhui Province, Hefei, CHN, 230051

Website

http://www.ahtrq.com

Anhui Province Natural Gas Development Co Ltd is a natural gas pipeline operator. It invests, constructs, operates and manages natural gas pipelines in Anhui Province. The company also participates in the development and construction of natural gas pipeline network in urban areas; manages natural gas resources on behalf of Anhui Province; sells natural gas; and market and competitive investment in other natural gas, CBM and other energy applications and related projects. The other business activities of the company are to invest in the development of natural gas and coal seams in the province Gas resources projects; other energy development projects; and to engage in other auxiliary businesses.

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