CEC Environmental Protection Co (SZSE:300172) Interest Expense : ¥-9.2 Mil (TTM As of Mar. 2024)

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What is CEC Environmental Protection Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CEC Environmental Protection Co's interest expense for the three months ended in Mar. 2024 was ¥ -1.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-9.2 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. CEC Environmental Protection Co's Operating Income for the three months ended in Mar. 2024 was ¥ 29.1 Mil. CEC Environmental Protection Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -1.9 Mil. CEC Environmental Protection Co's Interest Coverage for the quarter that ended in Mar. 2024 was 15.48. 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.

CEC Environmental Protection Co Interest Expense Historical Data

The historical data trend for CEC 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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CEC Environmental Protection Co Interest Expense Chart

CEC Environmental Protection Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-7.60

-13.70

-14.45

-13.86

-9.73

CEC 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															-2.38	-2.48	-2.30	-2.57	-1.88

CEC 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 ¥-9.2 Mil.

CEC Environmental Protection Co (SZSE:300172) 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.

CEC Environmental Protection Co's Interest Expense for the three months ended in Mar. 2024 was ¥-1.9 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥29.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥150.8 Mil.

CEC 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	*	29.109	/	-1.881
	=	15.48

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

CEC Environmental Protection Co (SZSE:300172) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CEC Environmental Protection Co Ltd (SZSE:300172) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Number 1800, Chengxin Street, Nanjing (Environmental Concentration Zone), Jiangning District, Nanjing, CHN, 211102

Website

http://www.ce-ep.com

CEC Environmental Protection Co Ltd is engaged in the provision of water processing system solutions, water processing equipment system integration and contract construction of related engineering for industrial projects of thermal power, nuclear power, petrochemical, coal chemical, metallurgy and other industries. The company provides condensate polishing, water supply treatment, wastewater treatment, water vapor centralized monitoring and chemical injection lines, industrial flue gas treatment, municipal sludge treatment, municipal sewage treatment and others.

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