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CIMC Enric Holdings (STU:E8F) Interest Expense : €-12 Mil (TTM As of Jun. 2024)


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What is CIMC Enric Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CIMC Enric Holdings's interest expense for the six months ended in Jun. 2024 was € -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-12 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. CIMC Enric Holdings's Operating Income for the six months ended in Jun. 2024 was € 74 Mil. CIMC Enric Holdings's Interest Expense for the six months ended in Jun. 2024 was € -6 Mil. CIMC Enric Holdings's Interest Coverage for the quarter that ended in Jun. 2024 was 13.19. 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.

CIMC Enric Holdings Interest Expense Historical Data

The historical data trend for CIMC Enric Holdings'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.

CIMC Enric Holdings Interest Expense Chart

CIMC Enric Holdings 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 -6.29 -4.40 -8.11 -9.97 -11.04

CIMC Enric Holdings 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 -4.29 -5.86 -4.51 -6.54 -5.62

CIMC Enric Holdings 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 €-12 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.

CIMC Enric Holdings  (STU:E8F) 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.

CIMC Enric Holdings's Interest Expense for the six months ended in Jun. 2024 was €-6 Mil. Its Operating Income for the six months ended in Jun. 2024 was €74 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €129 Mil.

CIMC Enric Holdings'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*74.111/-5.617
=13.19

* 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.

CIMC Enric Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CIMC Enric Holdings Ltd (STU:E8F) » Definitions » Interest Expense
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HKSE:01921 HKSE:00568 HKSE:03337 HKSE:03303 HKSE:00196 HKSE:00554 HKSE:00206 HKSE:00353 HKSE:02178 HKSE:01080 SLB BKR HAL MIL:TEN FTI SHSE:601808 NOV WFRD CHX SHSE:600968
Traded in Other Exchanges
CIMEF:USA 03899:Hong Kong
Address
CIMC R&D Center, third floor, No. 2 Gangwan Avenue, Shekou Industrial Zone, Nanshan District, Guangdong, Shenzhen, CHN
Website
https://www.enricgroup.com
CIMC Enric Holdings Ltd is engaged in the design, development, manufacturing, engineering, and sales of transportation, storage, and processing equipment. It is also involved in the provision of technical maintenance services. The company operates through three segments. The clean energy segment specializes in the manufacture and sale of a wide range of equipment for the storage, transportation, processing, and distribution of natural gas. Chemical and environmental segment specializes in the manufacture and sale of a wide range of equipment, such as tank containers, for the storage and transportation of liquefied or gasified chemicals. The liquid food segment specializes in the engineering, manufacture, and sale of stainless-steel tanks for storage and processing liquid food.

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