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Guangdong Provincial Expressway Development Co (SZSE:000429) Interest Expense : ¥-206 Mil (TTM As of Mar. 2024)


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What is Guangdong Provincial Expressway Development Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Guangdong Provincial Expressway Development Co's interest expense for the three months ended in Mar. 2024 was ¥ -46 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-206 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. Guangdong Provincial Expressway Development Co's Operating Income for the three months ended in Mar. 2024 was ¥ 726 Mil. Guangdong Provincial Expressway Development Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -46 Mil. Guangdong Provincial Expressway Development Co's Interest Coverage for the quarter that ended in Mar. 2024 was 15.66. 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.

Guangdong Provincial Expressway Development Co Interest Expense Historical Data

The historical data trend for Guangdong Provincial Expressway 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.

* Premium members only.

Guangdong Provincial Expressway Development Co Interest Expense Chart

Guangdong Provincial Expressway Development Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -236.27 -264.41 -282.65 -238.44 -214.34

Guangdong Provincial Expressway 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -54.76 -54.40 -53.02 -52.16 -46.32

Guangdong Provincial Expressway 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 ¥-206 Mil.

* 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.

Guangdong Provincial Expressway Development Co  (SZSE:000429) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Guangdong Provincial Expressway Development Co's Interest Expense for the three months ended in Mar. 2024 was ¥-46 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥726 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥6,226 Mil.

Guangdong Provincial Expressway 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*725.537/-46.319
=15.66

* 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.

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

Guangdong Provincial Expressway Development Co (SZSE:000429) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Guangdong Provincial Expressway Development Co Ltd (SZSE:000429) » Definitions » Interest Expense
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Traded in Other Exchanges
200429:China
Address
Zhujiang East Road, 45-46th Floor, Litong Plaza, No.32, Zhujiang New City, Tihe Disrtict, Guangzhou, CHN, 510623
Website
http://www.gpedcl.com
Guangdong Provincial Expressway Development Co Ltd is principally engaged in the development and operation of expressways and large bridges. It is involved in tolling and maintenance of Guangfo Expressway, Fokai Expressway, Jiujiang Bridge, Huiyan Expressway, Maozhan Expressway, Jiangzhong Expressway, Kangda Expressway and Gankang Expressway.
Executives
Xiao Lai Jiu Directors, executives
Li Mei Supervisors
Luo Ying Sheng Director

Guangdong Provincial Expressway Development Co (SZSE:000429) Headlines

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