Shunfeng International Clean Energy (HKSE:01165) Interest Expense : HK$-435.5 Mil (TTM As of Dec. 2023)

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What is Shunfeng International Clean Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shunfeng International Clean Energy's interest expense for the six months ended in Dec. 2023 was HK$ -193.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-435.5 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. Shunfeng International Clean Energy's Operating Income for the six months ended in Dec. 2023 was HK$ 8.0 Mil. Shunfeng International Clean Energy's Interest Expense for the six months ended in Dec. 2023 was HK$ -193.8 Mil. Shunfeng International Clean Energy's Interest Coverage for the quarter that ended in Dec. 2023 was 0.04. 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.

Shunfeng International Clean Energy Interest Expense Historical Data

The historical data trend for Shunfeng International Clean Energy'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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Shunfeng International Clean Energy Interest Expense Chart

Shunfeng International Clean Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,294.18

-921.17

-725.99

-481.11

-435.50

Shunfeng International Clean Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-371.43	-256.45	-236.80	-241.70	-193.80

Shunfeng International Clean Energy 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 semi-annually data reported by the company within the most recent 12 months, which was HK$-435.5 Mil.

Shunfeng International Clean Energy (HKSE:01165) 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.

Shunfeng International Clean Energy's Interest Expense for the six months ended in Dec. 2023 was HK$-193.8 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$8.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$556.4 Mil.

Shunfeng International Clean Energy'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	*	7.973	/	-193.804
	=	0.04

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. Shunfeng International Clean Energy Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Shunfeng International Clean Energy (HKSE:01165) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shunfeng International Clean Energy Ltd (HKSE:01165) » Definitions » Interest Expense

Traded in Other Exchanges

SHUNF:USA

Address

Number 26 Harbour Road, Rooms 3803-05, 38/F, China Resources Building, Wan Chai, HKG

Website

http://www.sfcegroup.com

Shunfeng International Clean Energy Ltd is a diversified integrated provider of clean energies and low-carbon and energy-saving solutions. It operates in a single segment namely solar power generation. Geographically, it generates the majority of revenue from Mainland China.

Executives

Gardner Aaron Luke (in The Capacity As The Receiver)	2201 Interest of corporation controlled by you
Fok Hei Yu (in The Capacity As The Receiver)	2201 Interest of corporation controlled by you
Faithsmart Limited	2201 Interest of corporation controlled by you
Cheng Kin Ming	2201 Interest of corporation controlled by you
Bank Of Communications Co., Ltd.	2106 Person having a security interest in shares
Bocom International Holdings Company Limited	2106 Person having a security interest in shares
Tang Guoqiang	2201 Interest of corporation controlled by you
Asia Pacific Resources Development Investment Limited	2201 Interest of corporation controlled by you
Peace Link Services Limited	2201 Interest of corporation controlled by you

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