China Everbright Greentech (FRA:CK7) Interest Expense : €-97.0 Mil (TTM As of Dec. 2023)

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What is China Everbright Greentech Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Everbright Greentech's interest expense for the six months ended in Dec. 2023 was € -50.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-97.0 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 Everbright Greentech's Operating Income for the six months ended in Dec. 2023 was € 48.0 Mil. China Everbright Greentech's Interest Expense for the six months ended in Dec. 2023 was € -50.1 Mil. China Everbright Greentech's Interest Coverage for the quarter that ended in Dec. 2023 was 0.96. 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 Everbright Greentech Interest Expense Historical Data

The historical data trend for China Everbright Greentech'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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China Everbright Greentech Interest Expense Chart

China Everbright Greentech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-43.46

-57.64

-73.43

-89.85

-96.85

China Everbright Greentech Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial													-38.59	-44.29	-45.29	-46.93	-50.09

China Everbright Greentech 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 semi-annually data reported by the company within the most recent 12 months, which was €-97.0 Mil.

China Everbright Greentech (FRA:CK7) 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.

China Everbright Greentech's Interest Expense for the six months ended in Dec. 2023 was €-50.1 Mil. Its Operating Income for the six months ended in Dec. 2023 was €48.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €1,519.4 Mil.

China Everbright Greentech'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	*	47.987	/	-50.086
	=	0.96

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. China Everbright Greentech Ltd interest coverage is 1.46, which is low.

China Everbright Greentech (FRA:CK7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Everbright Greentech Ltd (FRA:CK7) » Definitions » Interest Expense

Traded in Other Exchanges

01257:Hong Kong CK7:Germany

Address

16 Harcourt Road, Room 3602, 36th Floor, Far East Finance Centre, Hong Kong, HKG

Website

https://www.ebgreentech.com

China Everbright Greentech Ltd is an investment holding company. It operates in the following segments: Integrated biomass utilization project construction and operation; Hazardous and solid waste treatment project construction and operation; Environmental remediation project operation; Solar energy, and wind power project operation. The company derives the majority of its revenue from the integrated biomass utilization segment, which engages in the construction and operation of biomass direct combustion power generation projects, biomass heat supply projects, biomass electricity and heat cogeneration projects, waste-to-energy projects, and integrated biomass and waste-to-energy project. Its geographical segments are China, Hong Kong, and Germany.

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