CGN Power Co (CGN Power Co) Interest Expense : $-580 Mil (TTM As of Mar. 2024)

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What is CGN Power Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CGN Power Co's interest expense for the three months ended in Mar. 2024 was $ -195 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-580 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. CGN Power Co's Operating Income for the three months ended in Mar. 2024 was $ 925 Mil. CGN Power Co's Interest Expense for the three months ended in Mar. 2024 was $ -195 Mil. CGN Power Co's Interest Coverage for the quarter that ended in Mar. 2024 was 4.73. 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.

CGN Power Co Interest Expense Historical Data

The historical data trend for CGN Power 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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CGN Power Co Interest Expense Chart

CGN Power Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

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Dec23

Interest Expense

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-1,105.48

-1,187.68

-1,074.59

-882.64

-758.93

CGN Power Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-197.78	-182.56	-201.58	-	-195.43

CGN Power 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 $-580 Mil.

CGN Power Co (OTCPK:CGNWF) 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.

CGN Power Co's Interest Expense for the three months ended in Mar. 2024 was $-195 Mil. Its Operating Income for the three months ended in Mar. 2024 was $925 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $22,116 Mil.

CGN Power 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	*	924.517	/	-195.427
	=	4.73

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

CGN Power Co (CGN Power Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CGN Power Co Ltd (OTCPK:CGNWF) » Definitions » Interest Expense

Traded in Other Exchanges

01816:Hong Kong 94C:Germany 003816:China

Address

No. 2002 Shennan Road, 18th Floor, South Tower, CGN Building, Futian District, Guangdong Province, Shenzhen, CHN, 518026

Website

http://www.cgnp.com.cn

CGN Power is a major nuclear power producer in China. It operates 26 nuclear power generating units (total installed capacity of 29.4 gigawatts), with 14 units in Guangdong and the rest in Guangxi, Fujian, and Liaoning provinces as of end-2022. CGN is adding capacity of 8.4 gigawatts into its operations over the next five years. State-owned China General Nuclear Power, controls about 58.9% of CGN Power.

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