Tianneng Power International (HKSE:00819) Interest Expense : HK$-528 Mil (TTM As of Dec. 2023)

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What is Tianneng Power International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tianneng Power International's interest expense for the six months ended in Dec. 2023 was HK$ -268 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-528 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. Tianneng Power International's Operating Income for the six months ended in Dec. 2023 was HK$ 1,341 Mil. Tianneng Power International's Interest Expense for the six months ended in Dec. 2023 was HK$ -268 Mil. Tianneng Power International's Interest Coverage for the quarter that ended in Dec. 2023 was 5.00. 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.

Tianneng Power International Interest Expense Historical Data

The historical data trend for Tianneng Power International'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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Tianneng Power International Interest Expense Chart

Tianneng Power International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-278.21

-241.77

-310.88

-380.51

-528.06

Tianneng Power International 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															-166.75	-179.77	-209.25	-259.97	-268.09

Tianneng Power International 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 HK$-528 Mil.

Tianneng Power International (HKSE:00819) 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.

Tianneng Power International's Interest Expense for the six months ended in Dec. 2023 was HK$-268 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$1,341 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$3,099 Mil.

Tianneng Power International'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	*	1341.433	/	-268.09
	=	5.00

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

Tianneng Power International (HKSE:00819) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tianneng Power International Ltd (HKSE:00819) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Harbour Road, Suite 3202, 32nd Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

https://www.tianneng.com.hk

Tianneng Power International Ltd is an electronic components company. It operates through two business segments: sales of batteries and battery-related accessories, and trading of new energy material. The company is primarily engaged in manufacturing and selling of lead-acid batteries and battery-related accessories including motive, solar, and wind-powered batteries, lithium battery products, electrical bicycle batteries, and special-purpose batteries mainly used for electrical vehicles, and energy storage battery, among others. A vast majority of revenue is generated by the company's sale of batteries and battery-related accessories segment, and the company earns most of its revenue in The People's Republic of China.

Executives

Ubs Group Ag	2201 Interest of corporation controlled by you
Yang Yaping	2202 Interest of your spouse
Zhang Tianren	2201 Interest of corporation controlled by you
Prime Leader Global Limited	2101 Beneficial owner

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