Shanghai Electric Group Co (Shanghai Electric Group Co) Interest Expense : $-257 Mil (TTM As of Dec. 2023)

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What is Shanghai Electric Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanghai Electric Group Co's interest expense for the three months ended in Dec. 2023 was $ -85 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-257 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. Shanghai Electric Group Co's Operating Income for the three months ended in Dec. 2023 was $ 220 Mil. Shanghai Electric Group Co's Interest Expense for the three months ended in Dec. 2023 was $ -85 Mil. Shanghai Electric Group Co's Interest Coverage for the quarter that ended in Dec. 2023 was 2.60. 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.

Shanghai Electric Group Co Interest Expense Historical Data

The historical data trend for Shanghai Electric 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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Shanghai Electric Group Co Interest Expense Chart

Shanghai Electric Group Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-243.05

-317.24

-182.29

-252.10

-256.66

Shanghai Electric Group Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-62.69	-51.95	-54.77	-65.57	-84.58

Shanghai Electric 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-257 Mil.

Shanghai Electric Group Co (OTCPK:SIELY) 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.

Shanghai Electric Group Co's Interest Expense for the three months ended in Dec. 2023 was $-85 Mil. Its Operating Income for the three months ended in Dec. 2023 was $220 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $4,593 Mil.

Shanghai Electric Group Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	219.938	/	-84.579
	=	2.60

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. Shanghai Electric Group Co Ltd interest coverage is 2.61, which is low.

Shanghai Electric Group Co (Shanghai Electric Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Electric Group Co Ltd (OTCPK:SIELY) » Definitions » Interest Expense

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Traded in Other Exchanges

SIELF:USA 02727:Hong Kong USR:Germany 601727:China

Address

No. 110 Sichuan Middle Road, Huangpu District, Shanghai, CHN, 200002

Website

https://www.shanghai-electric.com

Shanghai Electric Group Co Ltd is an integrated equipment manufacturing group specializing in industrial equipment. Its products include thermal generator sets, nuclear power units, wind power equipment, power T&D equipment, environmental protection equipment, automation equipment, elevators, rail transit, and Industrial Internet. The operating segments are energy equipment, industrial equipment, and integrated services segments, with maximum revenue from the energy equipment segment.