CITIC Envirotech (TPE:911610) Interest Expense : NT$-1,446 Mil (TTM As of Sep. 2019)

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What is CITIC Envirotech Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CITIC Envirotech's interest expense for the three months ended in Sep. 2019 was NT$ -387 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2019 was NT$-1,446 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. CITIC Envirotech's Operating Income for the three months ended in Sep. 2019 was NT$ 940 Mil. CITIC Envirotech's Interest Expense for the three months ended in Sep. 2019 was NT$ -387 Mil. CITIC Envirotech's Interest Coverage for the quarter that ended in Sep. 2019 was 2.43. 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.

CITIC Envirotech Interest Expense Historical Data

The historical data trend for CITIC Envirotech'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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CITIC Envirotech Interest Expense Chart

CITIC Envirotech Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Dec16

Dec17

Dec18

Interest Expense

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-422.98

-661.02

-881.99

-755.89

-921.58

CITIC Envirotech Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Interest Expense	Get a 7-Day Free Trial															-240.00	-235.49	-385.03	-438.46	-386.66

CITIC Envirotech 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-1,446 Mil.

CITIC Envirotech (TPE:911610) 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.

CITIC Envirotech's Interest Expense for the three months ended in Sep. 2019 was NT$-387 Mil. Its Operating Income for the three months ended in Sep. 2019 was NT$940 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2019 was NT$39,388 Mil.

CITIC Envirotech's Interest Coverage for the quarter that ended in Sep. 2019 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2019 )	/	Interest Expense (Q: Sep. 2019 )
	=	-1	*	939.536	/	-386.662
	=	2.43

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

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. CITIC Envirotech Ltd interest coverage is 1.43, which is low.

CITIC Envirotech (TPE:911610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CITIC Envirotech Ltd (TPE:911610) » Definitions » Interest Expense

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Address

10 Science Park Road, No. 01-01 The Alpha, Singapore, SGP, 117684

Website

http://www.citicenvirotech.com

CITIC Envirotech Ltd is a provider of membrane-based integrated environmental solutions. The company manufactures membrane products whose technologies are applied for the treatment and recycling of wastewater. Its principal activities include design, fabrication, installation, and commissioning of water and wastewater systems. The company operates through two segments. Its Engineering and membrane system comprises of Engineering and Membrane system sales. The Treatment segment is engaged in the rendering of wastewater treatment services and the Membrane manufacturing and sales segment manufactures and sells polymers. The company's geographical area of operation includes the People's Republic of China, the United States of America and Malaysia.

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