Guangdong Construction Engineering Group Co (SZSE:002060) Interest Expense : ¥-879 Mil (TTM As of Mar. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Guangdong Construction Engineering Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Guangdong Construction Engineering Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -230 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-879 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 Construction Engineering Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 372 Mil. Guangdong Construction Engineering Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -230 Mil. Guangdong Construction Engineering Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.62. 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 Construction Engineering Group Co Interest Expense Historical Data

The historical data trend for Guangdong Construction Engineering 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.

* Premium members only.

Guangdong Construction Engineering Group Co Interest Expense Chart

Guangdong Construction Engineering Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-467.41

-576.02

-627.94

-696.86

-857.48

Guangdong Construction Engineering 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															-208.43	-177.48	-197.47	-274.11	-230.25

Guangdong Construction Engineering 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 ¥-879 Mil.

Guangdong Construction Engineering Group Co (SZSE:002060) 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.

Guangdong Construction Engineering Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-230 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥372 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥22,162 Mil.

Guangdong Construction Engineering 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	*	371.863	/	-230.253
	=	1.62

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. Guangdong Construction Engineering Group Co Ltd interest coverage is 3.6, which is low.

Guangdong Construction Engineering Group Co (SZSE:002060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Guangdong Construction Engineering Group Co Ltd (SZSE:002060) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, West of Guangshen Avenue, A-1 Business Center, Shuidian Plaza, Building 1, Xintang Town, Zengcheng District, Guangdong Province, Guangzhou, CHN, 511340

Website

http://www.gdsdej.com

Guangdong No 2 Hydropower Engineering Co Ltd is a China-based company operating in the construction industry. It is engaged in the construction of water conservancy and hydropower facilities, wind power, solar power plants, buildings, highways, municipal utilities, urban rail traffic engineering and mechanical installation in China.

Executives

Ceng Chen Ping	Directors, executives
Li Xiang Kui	Director
Ceng Ling An	Executives
Zhu Dan	Directors, executives
Lin Kang Nan	Executives
Lin Guang Xi	Directors, executives, securities affairs represen
Xie Rong Guang	Supervisors
Song Guang Ming	Director
Wang Wei Dao	Directors, executives
Feng Bao Zhen	Directors, executives
Xie Yan Hui	Directors, executives
Zhang Yuan Fang	Director
Wei Zhi Yun	Director
Wei Guo Xian	Executives
Li Kui Yan	Director

Guangdong Construction Engineering Group Co (SZSE:002060) Headlines

No Headlines