CECEP Wind Power (SHSE:601016) Interest Expense : ¥-781 Mil (TTM As of Mar. 2024)

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What is CECEP Wind Power Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CECEP Wind Power's interest expense for the three months ended in Mar. 2024 was ¥ -183 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-781 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. CECEP Wind Power's Operating Income for the three months ended in Mar. 2024 was ¥ 698 Mil. CECEP Wind Power's Interest Expense for the three months ended in Mar. 2024 was ¥ -183 Mil. CECEP Wind Power's Interest Coverage for the quarter that ended in Mar. 2024 was 3.81. 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.

CECEP Wind Power Interest Expense Historical Data

The historical data trend for CECEP Wind Power'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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CECEP Wind Power Interest Expense Chart

CECEP Wind Power Annual Data

Trend

Dec14

Dec15

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Dec20

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Dec23

Interest Expense

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-486.94

-527.69

-725.42

-924.46

-813.72

CECEP Wind Power 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															-215.45	-207.84	-204.63	-185.80	-183.07

CECEP Wind Power 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 ¥-781 Mil.

CECEP Wind Power (SHSE:601016) 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.

CECEP Wind Power's Interest Expense for the three months ended in Mar. 2024 was ¥-183 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥698 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥20,028 Mil.

CECEP Wind Power'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	*	697.807	/	-183.073
	=	3.81

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. CECEP Wind Power Corp interest coverage is 3.38, which is low.

CECEP Wind Power (SHSE:601016) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CECEP Wind Power Corp (SHSE:601016) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Jieneng Mansion No.42, Xizhimen North Street, 12F Building A, Haidian District, Beijing, CHN, 100082

Website

http://www.cecwpc.cn

CECEP Wind Power Corp is a China-based company engages in the development, investment management, construction, operation and maintenance of wind power projects. It also involves in integrated resource exploration as well as engages in the manufacture and construction of turbine design. It holds main wind power station projects, which situated at Zhangbei, Hebei province, Dabancheng, Xinjiang Province, and Jiuquan, Gansu province, China.

Executives

Liu Bin	Directors, senior managers
Zheng Cai Xia	senior management
Jia Rui	senior management
Luo Jie	senior management
Guo Yi	senior management
Zhang Hua Yao	senior management

CECEP Wind Power (SHSE:601016) Headlines

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