MingYang Smart Energy Group (SHSE:601615) Interest Expense : ¥-414 Mil (TTM As of Mar. 2025)

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What is MingYang Smart Energy Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MingYang Smart Energy Group's interest expense for the three months ended in Mar. 2025 was ¥ -135 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2025 was ¥-414 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. MingYang Smart Energy Group's Operating Income for the three months ended in Mar. 2025 was ¥ 383 Mil. MingYang Smart Energy Group's Interest Expense for the three months ended in Mar. 2025 was ¥ -135 Mil. MingYang Smart Energy Group's Interest Coverage for the quarter that ended in Mar. 2025 was 2.85. 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.

MingYang Smart Energy Group Interest Expense Historical Data

The historical data trend for MingYang Smart 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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MingYang Smart Energy Group Interest Expense Chart

MingYang Smart Energy Group Annual Data

Trend

Dec15

Dec16

Dec17

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Dec19

Dec20

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Dec22

Dec23

Dec24

Interest Expense

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-385.23

-331.86

19.74

-228.55

-378.91

MingYang Smart Energy Group Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Expense	Get a 7-Day Free Trial															-99.22	-75.10	-206.31	1.71	-134.56

MingYang Smart 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 Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-414 Mil.

MingYang Smart Energy Group (SHSE:601615) 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.

MingYang Smart Energy Group's Interest Expense for the three months ended in Mar. 2025 was ¥-135 Mil. Its Operating Income for the three months ended in Mar. 2025 was ¥383 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2025 was ¥13,957 Mil.

MingYang Smart Energy Group's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	383.484	/	-134.559
	=	2.85

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. MingYang Smart Energy Group Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

MingYang Smart Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MingYang Smart Energy Group Ltd (SHSE:601615) » Definitions » Interest Expense

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MYSE:UK

Address

Mingyang Industrial Park, No. 22, Huoju Avenue, Zhongshan Torch High-tech Industrial Development Zone, Zhongshan, Guangdong, CHN, 528400

Website

http://www.mywind.com.cn

MingYang Smart Energy Group Ltd is a wind turbine manufacturer, that provides accessible green and smart energy, and a full lifecycle renewable solutions provider. The Group's business is divided into three segments: wind turbine manufacturing and sales, wind and solar farm development and operation, and other renewable energy services.

Executives

Zhang Chuan Wei	Directors, senior managers
Shen Zhong Min	Directors, senior managers
Zhang Qi Ying	Directors, senior managers
Yu Jiang Tao	senior management
Liang Cai Fa	senior management
Wang Dong Dong	senior management
Yi Ling Na	senior management
Zhang Zhong Hai	senior management
Wang Jin Fa	Directors, senior managers
Cheng Jia Wan	senior management
Liu Jian Jun	senior management
Yang Pu	senior management
Zhang Rui	Director

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