Dongfang Electric (SHSE:600875) Interest Expense : ¥-64 Mil (TTM As of Dec. 2023)

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What is Dongfang Electric Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Dongfang Electric's interest expense for the three months ended in Dec. 2023 was ¥ -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ¥-64 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. Dongfang Electric's Operating Income for the three months ended in Dec. 2023 was ¥ 319 Mil. Dongfang Electric's Interest Expense for the three months ended in Dec. 2023 was ¥ -17 Mil. Dongfang Electric's Interest Coverage for the quarter that ended in Dec. 2023 was 18.73. 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.

Dongfang Electric Interest Expense Historical Data

The historical data trend for Dongfang Electric'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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Dongfang Electric Interest Expense Chart

Dongfang Electric Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-49.43

-35.89

-33.52

-79.42

-64.44

Dongfang Electric 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															-35.46	-14.56	-12.15	-20.69	-17.04

Dongfang Electric 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 ¥-64 Mil.

Dongfang Electric (SHSE:600875) 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.

Dongfang Electric's Interest Expense for the three months ended in Dec. 2023 was ¥-17 Mil. Its Operating Income for the three months ended in Dec. 2023 was ¥319 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ¥1,613 Mil.

Dongfang Electric'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	*	319.003	/	-17.035
	=	18.73

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. Dongfang Electric Corp Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Dongfang Electric (SHSE:600875) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dongfang Electric Corp Ltd (SHSE:600875) » Definitions » Interest Expense

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DNGFF:USA 01072:Hong Kong DEU:Germany

Address

18 Xixin Road, High-Tech District (Western District), Sichuan Province, Chengdu, CHN, 611731

Website

http://www.dec-ltd.cn

Dongfang Electric Corp Ltd is a Chinese company engaged in the manufacture and distribution of energy generation equipment. The company specialized in power equipment manufacturing and worldwide power projects contracting for thermal, hydro, nuclear, wind, gas turbine, and combined cycle power plants. major products and services delivered or provided by each of the five reporting segments are Clean and efficient energy equipment, Renewable energy equipment, Engineering and Trade, Modern manufacturing services, and Emerging growth industry. The company distributes its products within the domestic market and overseas markets. The majority of the firm's revenue gets generated through Clean and efficient energy equipment.

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