Shanxi Meineng Clean Energy Co (SZSE:001299) Interest Expense : ¥-0.2 Mil (TTM As of Mar. 2024)

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What is Shanxi Meineng Clean Energy Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shanxi Meineng Clean Energy Co's interest expense for the three months ended in Mar. 2024 was ¥ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-0.2 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. Shanxi Meineng Clean Energy Co's Operating Income for the three months ended in Mar. 2024 was ¥ 13.7 Mil. Shanxi Meineng Clean Energy Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -0.1 Mil. Shanxi Meineng Clean Energy Co's Interest Coverage for the quarter that ended in Mar. 2024 was 196.30. 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.

Shanxi Meineng Clean Energy Co Interest Expense Historical Data

The historical data trend for Shanxi Meineng Clean Energy 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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Shanxi Meineng Clean Energy Co Interest Expense Chart

Shanxi Meineng Clean Energy Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.85

-0.52

-0.18

-0.17

-0.13

Shanxi Meineng Clean Energy Co Quarterly Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial													-0.03	-0.04	-0.03	-0.03	-0.07

Shanxi Meineng Clean Energy 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 ¥-0.2 Mil.

Shanxi Meineng Clean Energy Co (SZSE:001299) 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.

Shanxi Meineng Clean Energy Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥13.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥2.6 Mil.

Shanxi Meineng Clean Energy 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	*	13.741	/	-0.07
	=	196.30

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Shanxi Meineng Clean Energy Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Shanxi Meineng Clean Energy Co (SZSE:001299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shanxi Meineng Clean Energy Co Ltd (SZSE:001299) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 48 Keji Road, Room B1605, Pioneer Plaza, High-tech Zone, Shaanxi Province, Xi'an City, CHN, 710016

Website

http://www.meinenggas.com

Shanxi Meineng Clean Energy Co Ltd is an innovative and energetic professional gas operation enterprise. It is mainly engaged in investment in urban gas, compressed natural gas filling stations, LNG production plants and filling stations, coal-to-natural gas production plants, and gas pipelines; consulting in the gas industry, training and management.

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