Gree Electric Appliances of Zhuhai (SZSE:000651) Interest Expense : ¥-2,475 Mil (TTM As of Sep. 2024)

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What is Gree Electric Appliances of Zhuhai Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gree Electric Appliances of Zhuhai's interest expense for the three months ended in Sep. 2024 was ¥ -518 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-2,475 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. Gree Electric Appliances of Zhuhai's Operating Income for the three months ended in Sep. 2024 was ¥ 8,475 Mil. Gree Electric Appliances of Zhuhai's Interest Expense for the three months ended in Sep. 2024 was ¥ -518 Mil. Gree Electric Appliances of Zhuhai's Interest Coverage for the quarter that ended in Sep. 2024 was 16.36. 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.

Gree Electric Appliances of Zhuhai Interest Expense Historical Data

The historical data trend for Gree Electric Appliances of Zhuhai'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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Gree Electric Appliances of Zhuhai Interest Expense Chart

Gree Electric Appliances of Zhuhai Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-4.49

-4.84

-5.14

-2,836.74

-2,962.21

Gree Electric Appliances of Zhuhai Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-634.85	-637.60	-695.80	-623.77	-518.13

Gree Electric Appliances of Zhuhai 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-2,475 Mil.

Gree Electric Appliances of Zhuhai (SZSE:000651) 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.

Gree Electric Appliances of Zhuhai's Interest Expense for the three months ended in Sep. 2024 was ¥-518 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥8,475 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ¥23,180 Mil.

Gree Electric Appliances of Zhuhai's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	8475.437	/	-518.131
	=	16.36

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

Gree Electric Appliances of Zhuhai Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Gree Electric Appliances Inc of Zhuhai (SZSE:000651) » Definitions » Interest Expense

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Address

Jinji West Road, Qianshan, Guangdong Province, Zhuhai, CHN, 519070

Website

http://www.gree.com.cn

Gree Electric Appliances is one of the largest heating, ventilating, and air conditioning, or HVAC, product manufacturers in China, with key products such as residential and commercial air conditioners. Gree generates over 80% of sales domestically and is backed by China's Zhuhai local government. Air conditioners remain the biggest contributor to Gree's earnings, with an over 70% representation over the years. The company has also made forays into industrial component parts, photovoltaic equipment, new energy vehicles, and battery production. As of March 2024, Chairwoman Dong Mingzhu and privately owned investment entity Zhuhai Mingjun collectively held 17% of its total equity interest, while state-owned Zhuhai Gree Group owned 3.4%.

Executives

Deng Xiao Bo	Secretary, Director
Duan Xiu Feng	Supervisors
Zhang Wei	Director
Tan Jian Ming	Executives
Huang Hui	Directors, executives
Zhang Jun Du	Director
Xu Zi Fa	Director
Dong Ming Zhu	Directors, executives
Liu Jun	Executives
Wang Jing Dong	Directors, executives
Yang Yong Xing	Securities Affairs Representative
Chen Wei Cai	Executives
Wang Li Qin	Supervisors
Meng Xiang Kai	Director
Zhuang Pei	Executives

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