Guangdong Electric Power Development Co (SZSE:000539) Interest Expense : ¥294 Mil (TTM As of Mar. 2024)

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What is Guangdong Electric Power Development Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Guangdong Electric Power Development Co's interest expense for the three months ended in Mar. 2024 was ¥ -598 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥294 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 Electric Power Development Co's Operating Income for the three months ended in Mar. 2024 was ¥ 899 Mil. Guangdong Electric Power Development Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -598 Mil. Guangdong Electric Power Development Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.50. 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 Electric Power Development Co Interest Expense Historical Data

The historical data trend for Guangdong Electric Power Development 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 Electric Power Development Co Interest Expense Chart

Guangdong Electric Power Development Co Annual Data

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Interest Expense

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-1,230.64

-1,111.50

152.68

25.58

278.13

Guangdong Electric Power Development 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															-614.52	-577.88	-602.38	2,072.90	-598.16

Guangdong Electric Power Development 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 ¥294 Mil.

Guangdong Electric Power Development Co (SZSE:000539) 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 Electric Power Development Co's Interest Expense for the three months ended in Mar. 2024 was ¥-598 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥899 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥81,628 Mil.

Guangdong Electric Power Development 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	*	898.719	/	-598.162
	=	1.50

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

Guangdong Electric Power Development Co (SZSE:000539) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Guangdong Electric Power Development Co Ltd (SZSE:000539) » Definitions » Interest Expense

Traded in Other Exchanges

200539:China

Address

No. 2 Tianhe Road East, 33rd-36th Floor, South Tower, Yudean Plaza, Guangdong Province, Guangzhou, CHN, 510630

Website

http://www.ged.com.cn

Guangdong Electric Power Development Co Ltd is a Chinese company which is engaged in the business of investment, construction, and management of electric power projects. It is also involved in the clean energy projects like LNG power generation, wind power generation and hydropower generation. The company focuses on coal-burning power generation through the development, construction, and operation of the large-scale coal-burning power generating plants. It earns its revenue primarily from power production and sales. Most of its revenue is generated from Guangdong Province, China.

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