Shandong Hi Speed New Energy Group (HKSE:01250) Interest Expense : HK$-1,517 Mil (TTM As of Dec. 2023)

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What is Shandong Hi Speed New Energy Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shandong Hi Speed New Energy Group's interest expense for the six months ended in Dec. 2023 was HK$ -736 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-1,517 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. Shandong Hi Speed New Energy Group's Operating Income for the six months ended in Dec. 2023 was HK$ 516 Mil. Shandong Hi Speed New Energy Group's Interest Expense for the six months ended in Dec. 2023 was HK$ -736 Mil. Shandong Hi Speed New Energy Group's Interest Coverage for the quarter that ended in Dec. 2023 was 0.70. 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.

Shandong Hi Speed New Energy Group Interest Expense Historical Data

The historical data trend for Shandong Hi Speed New Energy 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.

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Shandong Hi Speed New Energy Group Interest Expense Chart

Shandong Hi Speed New Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,210.22

-1,323.73

-1,518.74

-1,803.32

-1,517.50

Shandong Hi Speed New Energy Group 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															-675.03	-805.45	-997.88	-781.17	-736.33

Shandong Hi Speed New Energy 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-1,517 Mil.

Shandong Hi Speed New Energy Group (HKSE:01250) 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.

Shandong Hi Speed New Energy Group's Interest Expense for the six months ended in Dec. 2023 was HK$-736 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$516 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$22,882 Mil.

Shandong Hi Speed New Energy Group'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	*	516.397	/	-736.329
	=	0.70

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. Shandong Hi Speed New Energy Group Ltd interest coverage is 1.12, which is low.

Shandong Hi Speed New Energy Group (HKSE:01250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shandong Hi Speed New Energy Group Ltd (HKSE:01250) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

99 Queen's Road, Unit 6707, 67th Floor, The Centre, Central, Hong Kong, HKG

Website

https://www.shneg.com.hk

Shandong Hi Speed New Energy Group Ltd is engaged in the investment, development, construction, operation, and management of clean energy businesses which include Photovoltaic Power, Wind Power, and Clean Heat Supply Business.

Executives

Shandong Hi-speed Holdings Group Limited	2101 Beneficial owner
Citigroup Inc.	2305 Beneficiary of a trust
Shan Dong Gao Su Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Profit Plan Global Investment Limited	2101 Beneficial owner
Beijing Enterprises Group Company Limited	2201 Interest of corporation controlled by you
Beijing Enterprises Holdings Limited	2201 Interest of corporation controlled by you
Beijing Enterprises Water Group Limited	2201 Interest of corporation controlled by you
Citic Securities Company Limited	2201 Interest of corporation controlled by you
Citron Pe Associates Ii, L.p.	2201 Interest of corporation controlled by you
Citron Pe Holdings Limited	2201 Interest of corporation controlled by you
Cpechina Fund Ii, L.p.	2201 Interest of corporation controlled by you
Cpechina Fund Iia, L.p.	2201 Interest of corporation controlled by you
Zhong Xin Chan Ye Tou Zi Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Xin Yu Tou Zi Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Bei Jing You De Tou Zi Guan Li Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you

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