Chugoku Electric Power Co (Chugoku Electric Power Co) Interest Expense : $-87 Mil (TTM As of Dec. 2023)

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What is Chugoku Electric Power Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chugoku Electric Power Co's interest expense for the three months ended in Dec. 2023 was $ -20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-87 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. Chugoku Electric Power Co's Operating Income for the three months ended in Dec. 2023 was $ 75 Mil. Chugoku Electric Power Co's Interest Expense for the three months ended in Dec. 2023 was $ -20 Mil. Chugoku Electric Power Co's Interest Coverage for the quarter that ended in Dec. 2023 was 3.78. 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.

Chugoku Electric Power Co Interest Expense Historical Data

The historical data trend for Chugoku Electric Power 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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Chugoku Electric Power Co Interest Expense Chart

Chugoku Electric Power Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-116.26

-97.93

-81.30

-80.46

-84.69

Chugoku Electric Power 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															-20.45	-22.31	-23.52	-19.82	-21.39

Chugoku Electric Power 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 $-87 Mil.

Chugoku Electric Power Co (OTCPK:CGKEY) 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.

Chugoku Electric Power Co's Interest Expense for the three months ended in Dec. 2023 was $-20 Mil. Its Operating Income for the three months ended in Dec. 2023 was $75 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $18,913 Mil.

Chugoku Electric Power 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	*	75.01	/	-19.822
	=	3.78

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

Chugoku Electric Power Co (Chugoku Electric Power Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Chugoku Electric Power Co Inc (OTCPK:CGKEY) » Definitions » Interest Expense

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9504:Japan

Address

4-33 Komachi, Naka-ku, Hiroshima-shi, JPN, 730-8701

Website

http://www.energia.co.jp

Chugoku Electric Power Company, Inc. is a Japanese electric utility company primarily serving the industrial region of Chugoku on the western end of Japan's main island of Honshu. The company is involved in the generation, transmission, distribution, and supply of energy. Chugoku Electric owns and operates a portfolio of thermal, nuclear, and hydroelectric power plants located primarily in its home region. While most of these energy-generating facilities are hydroelectric, the vast majority of the company's total energy production comes from its thermal sites. Chugoku Electric generates revenue mainly from the sale of electric power to commercial and industrial customers in Chugoku. The company also owns assets and offers consulting and training services throughout Southeast Asia.

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