Xinte Energy Co (HKSE:01799) Interest Expense : HK$-663 Mil (TTM As of Dec. 2023)

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What is Xinte Energy Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Xinte Energy Co's interest expense for the six months ended in Dec. 2023 was HK$ -312 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-663 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. Xinte Energy Co's Operating Income for the six months ended in Dec. 2023 was HK$ 997 Mil. Xinte Energy Co's Interest Expense for the six months ended in Dec. 2023 was HK$ -312 Mil. Xinte Energy Co's Interest Coverage for the quarter that ended in Dec. 2023 was 3.19. 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.

Xinte Energy Co Interest Expense Historical Data

The historical data trend for Xinte Energy Co'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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Xinte Energy Co Interest Expense Chart

Xinte Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-468.45

-816.41

-909.72

-878.65

-801.95

Xinte Energy Co Semi-Annual Data
	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														-519.91	-408.60	-411.30	-350.37	-312.50

Xinte Energy Co 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$-663 Mil.

Xinte Energy Co (HKSE:01799) 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.

Xinte Energy Co's Interest Expense for the six months ended in Dec. 2023 was HK$-312 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$997 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$21,976 Mil.

Xinte Energy Co'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	*	996.577	/	-312.495
	=	3.19

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

Xinte Energy Co (HKSE:01799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Xinte Energy Co Ltd (HKSE:01799) » Definitions » Interest Expense

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Traded in Other Exchanges

9M7:Germany

Address

No. 2249, Zhongxin Street, Ganquanpu Economic and Technological Development Zone, Xinjiang, Urumqi, CHN

Website

https://www.xinteenergy.com

Xinte Energy Co Ltd is engaged in the manufacturing of solar-grade polysilicon and photovoltaic project developers. It operates in four segments: Polysilicon, Construction of wind power & PV power plants, Operation of wind power & PV power plants, and Others. Other segments mainly comprise businesses including manufacturing and sales of the inverter, flexible direct current transmission converter valve, SVG, and other miscellaneous services. Business activity functions in the region of China.

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