CLP Holdings (FRA:CLP) Interest Expense : €-215 Mil (TTM As of Dec. 2023)

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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 Dec. 2023 was € -118 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-215 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 Dec. 2023 was € 1,169 Mil. CLP Holdings's Interest Expense for the six months ended in Dec. 2023 was € -118 Mil. CLP Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 9.87. 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.

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CLP Holdings Interest Expense Chart

CLP Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-200.19

-172.31

-156.94

-204.80

-214.76

CLP Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	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															-76.37	-87.87	-116.40	-96.63	-118.47

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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-215 Mil.

CLP Holdings (FRA:CLP) 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.

CLP Holdings's Interest Expense for the six months ended in Dec. 2023 was €-118 Mil. Its Operating Income for the six months ended in Dec. 2023 was €1,169 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €5,277 Mil.

CLP Holdings'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	*	1169.352	/	-118.473
	=	9.87

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

CLP Holdings (FRA:CLP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CLP Holdings Ltd (FRA:CLP) » Definitions » Interest Expense

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Traded in Other Exchanges

CLPHY:USA CLPHF:USA 00002:Hong Kong CLP:Germany

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 more than 80% of recurring net profit in 2021.

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