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CLP Holdings (FRA:CLP) Interest Expense : €-229 Mil (TTM As of Jun. 2024)


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What is CLP Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CLP Holdings's interest expense for the six months ended in Jun. 2024 was € -111 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-229 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. CLP Holdings's Operating Income for the six months ended in Jun. 2024 was € 875 Mil. CLP Holdings's Interest Expense for the six months ended in Jun. 2024 was € -111 Mil. CLP Holdings's Interest Coverage for the quarter that ended in Jun. 2024 was 7.91. 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.

CLP Holdings Interest Expense Historical Data

The historical data trend for CLP 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.

CLP Holdings Interest Expense Chart

CLP Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -200.19 -172.31 -156.94 -204.80 -214.76

CLP Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -87.87 -116.40 -96.63 -118.47 -110.62

CLP 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-229 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.

CLP Holdings  (FRA:CLP) 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.

CLP Holdings's Interest Expense for the six months ended in Jun. 2024 was €-111 Mil. Its Operating Income for the six months ended in Jun. 2024 was €875 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €5,762 Mil.

CLP Holdings's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*874.878/-110.624
=7.91

* 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.

CLP Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CLP Holdings Ltd (FRA:CLP) » Definitions » Interest Expense
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HKSE:01038 HKSE:02638 HKSE:02380 HKSE:00579 HKSE:00362 NEE SO DUK LSE:NG. PCG AEP D PEG BOM:532555 XEL EXC BOM:532898 ED EIX ETR
Traded in Other Exchanges
CLPHY:USA CLPHF:USA 00002:Hong Kong
Address
8 Laguna Verde Avenue, Hung Hom, Kowloon, Hong Kong, HKG
Website
https://www.clpgroup.com
CLP Holdings is the larger of the two electric utility companies in Hong Kong, serving 80% of the city population. It generates, transmits and distributes electricity to about 2.6 million customers in Kowloon and the New Territories through its wholly owned network. The business is regulated by the Hong Kong government with a permitted return on net fixed asset of 8.00%. Besides Hong Kong, the company has expanded its reach overseas, with generation and retail assets in Australia and generation assets in China, India, Taiwan, and Southeast Asia. Its Hong Kong activities made up 63% of recurring net profit in 2023.

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