Guangdong Liantai Environmental Protection Co (SHSE:603797) Interest Expense : ¥-281 Mil (TTM As of Mar. 2024)

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What is Guangdong Liantai Environmental Protection Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Guangdong Liantai Environmental Protection Co's interest expense for the three months ended in Mar. 2024 was ¥ -64 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-281 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. Guangdong Liantai Environmental Protection Co's Operating Income for the three months ended in Mar. 2024 was ¥ 154 Mil. Guangdong Liantai Environmental Protection Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -64 Mil. Guangdong Liantai Environmental Protection Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.40. 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.

Guangdong Liantai Environmental Protection Co Interest Expense Historical Data

The historical data trend for Guangdong Liantai Environmental Protection 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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Guangdong Liantai Environmental Protection Co Interest Expense Chart

Guangdong Liantai Environmental Protection Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-120.30

-128.27

-195.02

-254.48

-284.50

Guangdong Liantai Environmental Protection Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-67.41	-67.10	-68.86	-81.13	-64.37

Guangdong Liantai Environmental Protection 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-281 Mil.

Guangdong Liantai Environmental Protection Co (SHSE:603797) 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.

Guangdong Liantai Environmental Protection Co's Interest Expense for the three months ended in Mar. 2024 was ¥-64 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥154 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥5,011 Mil.

Guangdong Liantai Environmental Protection Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	154.37	/	-64.373
	=	2.40

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. Guangdong Liantai Environmental Protection Co Ltd interest coverage is 2.24, which is low.

Guangdong Liantai Environmental Protection Co (SHSE:603797) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Guangdong Liantai Environmental Protection Co Ltd (SHSE:603797) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongshan East Road, Longzhu Water Purification Factory, Guangdong Province, Huangshanwei, Shantou, CHN, 515041

Website

http://www.lt-hbgf.com

Guangdong Liantai Environmental Protection Co Ltd is a China-based company engaged in operating sewage treatment project and supporting pipe network and ecological environment treatment project. The company produces and sells special equipment for environmental pollution prevention, and offers technical consultation and support services, among other activities. Some of the company's projects are Shantou dragon ball water purification plant, Shaoyang Jiangbei Wastewater treatment plant, and Shaoyang Yangxiqiao wastewater treatment plant, among others.

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