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China Resources Gas Group (HKSE:01193) Interest Expense : HK$-1,056 Mil (TTM As of Jun. 2024)


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What is China Resources Gas Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Resources Gas Group's interest expense for the six months ended in Jun. 2024 was HK$ -549 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-1,056 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 Resources Gas Group's Operating Income for the six months ended in Jun. 2024 was HK$ 5,156 Mil. China Resources Gas Group's Interest Expense for the six months ended in Jun. 2024 was HK$ -549 Mil. China Resources Gas Group's Interest Coverage for the quarter that ended in Jun. 2024 was 9.38. 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 Resources Gas Group Interest Expense Historical Data

The historical data trend for China Resources Gas Group'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.

China Resources Gas Group Interest Expense Chart

China Resources Gas Group 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 -532.97 -449.42 -382.38 -557.02 -940.93

China Resources Gas Group 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 -223.78 -333.24 -433.88 -507.05 -549.38

China Resources Gas Group 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 HK$-1,056 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.

China Resources Gas Group  (HKSE:01193) 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.

China Resources Gas Group's Interest Expense for the six months ended in Jun. 2024 was HK$-549 Mil. Its Operating Income for the six months ended in Jun. 2024 was HK$5,156 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was HK$12,490 Mil.

China Resources Gas Group'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*5155.804/-549.379
=9.38

* 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.

China Resources Gas Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Resources Gas Group Ltd (HKSE:01193) » Definitions » Interest Expense
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HKSE:02688 HKSE:00384 HKSE:00956 HKSE:00003 HKSE:03633 HKSE:01083 HKSE:01600 HKSE:02886 HKSE:09908 HKSE:06661 ATO XMAD:NTGY NI MIL:SRG BOM:532155 TSE:9531 TSE:9532 BOM:542066 XKLS:6033 UGI
Traded in Other Exchanges
CRGGF:USA LGX1:Germany
Address
26 Harbour Road, Room 1901-02, China Resources Building, Wanchai, Hong Kong, HKG
Website
https://www.crcgas.com
China Resources Gas Group is a leading gas utilities group in China engaged in city gas distribution, including piped natural gas distribution and natural gas filling stations. At the end of 2023, CRG's portfolio comprised 276 city gas projects in China. The firm achieved annual gas sales volume of 38.8 billion cubic meters and has connected 57.3 million residential customers, or a penetration rate of 59.3%.
Executives
Jpmorgan Chase & Co. 2502 Approved lending agent
The Capital Group Companies, Inc. 2201 Interest of corporation controlled by you
China Resources Company Limited
Crh (gas) Limited

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