Shenzhen Energy Group Co (SZSE:000027) Interest Expense : ¥-2,537 Mil (TTM As of Mar. 2024)

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What is Shenzhen Energy Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shenzhen Energy Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -633 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-2,537 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. Shenzhen Energy Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 1,981 Mil. Shenzhen Energy Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -633 Mil. Shenzhen Energy Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 3.13. 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.

Shenzhen Energy Group Co Interest Expense Historical Data

The historical data trend for Shenzhen Energy 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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Shenzhen Energy Group Co Interest Expense Chart

Shenzhen Energy Group Co Annual Data

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Interest Expense

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-1,906.59

-2,039.37

371.66

-2,345.07

-2,502.92

Shenzhen Energy 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															-599.41	-616.68	-668.40	-618.42	-633.02

Shenzhen Energy 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 ¥-2,537 Mil.

Shenzhen Energy Group Co (SZSE:000027) 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.

Shenzhen Energy Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-633 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥1,981 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥57,217 Mil.

Shenzhen Energy 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	*	1981.22	/	-633.024
	=	3.13

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. Shenzhen Energy Group Co Ltd interest coverage is 3.02, which is low.

Shenzhen Energy Group Co (SZSE:000027) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shenzhen Energy Group Co Ltd (SZSE:000027) » Definitions » Interest Expense

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Address

No. 2068 Shennan Middle Road, Huaneng Building, Floors 5, 33, 35-36, 38-41, Futian District, Guangdong Province, Shenzhen, CHN, 518031

Website

http://www.sec.com.cn

Shenzhen Energy Group Co Ltd is a China-based company primarily engaged in the business of development, procurement, and marketing of various conventional and new energy sources. The company is an integrated energy enterprise, with its business covering the sectors of electric power, solid waste treatment, and natural gas supply. It has the business presence in China and international countries. The businesses of the company are clean coal-fired power generation, gas power generation, renewable energy generation, environmental protection industry and urban gas. Its renewable energy generation business covers wind power, photovoltaic, hydropower and waste power.

Executives

Fang Xiang Dong	Independent director
Xu Tong Biao	Executives
Chen Min Sheng	Director
Wu Zhi Wei	Supervisors
Zhang Yong Mei	Executives

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