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CGHLY (China Gas Holdings) Interest Expense : $-250 Mil (TTM As of Mar. 2024)


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What is China Gas Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Gas Holdings's interest expense for the six months ended in Mar. 2024 was $ -144 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-250 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. China Gas Holdings's Operating Income for the six months ended in Mar. 2024 was $ 293 Mil. China Gas Holdings's Interest Expense for the six months ended in Mar. 2024 was $ -144 Mil. China Gas Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 2.03. 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.


China Gas Holdings Interest Expense Historical Data

The historical data trend for China Gas Holdings'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.

* Premium members only.

China Gas Holdings Interest Expense Chart

China Gas Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -178.74 -182.71 -186.19 -236.39 -271.22

China Gas Holdings Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -103.84 -132.54 -127.03 -144.10 -106.37

China Gas Holdings 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 semi-annually data reported by the company within the most recent 12 months, which was $-250 Mil.

* 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.


China Gas Holdings  (OTCPK:CGHLY) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

China Gas Holdings's Interest Expense for the six months ended in Mar. 2024 was $-144 Mil. Its Operating Income for the six months ended in Mar. 2024 was $293 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was $4,619 Mil.

China Gas Holdings'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*293.173/-144.098
=2.03

* 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.

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


China Gas Holdings Business Description

Traded in Other Exchanges
Address
188 Meiyuan Road, China Gas Building, Luohu District, Guangdong Province, Shenzhen, CHN
China Gas Holdings is involved in the wholesale and retail businesses of natural gas and liquefied petroleum gas in China. As of fiscal 2024 (ended March 31, 2024), the group had secured a total of 662 piped gas concessions, 516 compressed natural gas/liquefied natural gas refilling stations for vehicles, and 119 LPG distribution projects in China. In total, CGH has connected 47.1 million residential households and achieved a penetration rate of 70.9%.