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Chengdu Xingrong Environment Co (SZSE:000598) Interest Expense : ¥-441 Mil (TTM As of Mar. 2024)


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What is Chengdu Xingrong Environment Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chengdu Xingrong Environment Co's interest expense for the three months ended in Mar. 2024 was ¥ -119 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-441 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. Chengdu Xingrong Environment Co's Operating Income for the three months ended in Mar. 2024 was ¥ 675 Mil. Chengdu Xingrong Environment Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -119 Mil. Chengdu Xingrong Environment Co's Interest Coverage for the quarter that ended in Mar. 2024 was 5.69. 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.

Chengdu Xingrong Environment Co Interest Expense Historical Data

The historical data trend for Chengdu Xingrong Environment 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.

Chengdu Xingrong Environment Co Interest Expense Chart

Chengdu Xingrong Environment 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 -207.76 -249.19 -322.79 -389.83 -417.81

Chengdu Xingrong Environment 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 -94.94 -89.88 -124.09 -108.90 -118.58

Chengdu Xingrong Environment 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 ¥-441 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.

Chengdu Xingrong Environment Co  (SZSE:000598) 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.

Chengdu Xingrong Environment Co's Interest Expense for the three months ended in Mar. 2024 was ¥-119 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥675 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥13,692 Mil.

Chengdu Xingrong Environment 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*675.181/-118.575
=5.69

* 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.

Chengdu Xingrong Environment Co (SZSE:000598) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Chengdu Xingrong Environment Co Ltd (SZSE:000598) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
1000 Jincheng Avenue, High-tech Zone, Qingyang District, Chengdu, CHN, 610041
Website
http://www.cdxrec.com
Chengdu Xingrong Environment Co Ltd is a large-scale water and environmental protection integrated service provider in China. It is mainly engaged in the production and supply of tap water, sewage treatment, utilization of recycled water, sludge disposal, landfill leachate treatment, and waste incineration power generation. The company integrates investment, research, and development, design, construction and operation, and has a complete industrial chain.
Executives
Li Ben Wen Director
Li Yong Gang Supervisors
Ceng Chao Ju Securities Affairs Representative
Ge Fang Ming Executives

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