Glory Flame Holdings (HKSE:08059) Interest Expense : HK$-7.1 Mil (TTM As of Dec. 2023)

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What is Glory Flame Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Glory Flame Holdings's interest expense for the three months ended in Dec. 2023 was HK$ -1.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-7.1 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. Glory Flame Holdings's Operating Income for the three months ended in Dec. 2023 was HK$ -0.4 Mil. Glory Flame Holdings's Interest Expense for the three months ended in Dec. 2023 was HK$ -1.8 Mil. Glory Flame Holdings did not have earnings to cover the interest expense. 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.

Glory Flame Holdings Interest Expense Historical Data

The historical data trend for Glory Flame 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.

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Glory Flame Holdings Interest Expense Chart

Glory Flame Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.03

-5.16

-5.85

-6.41

-7.11

Glory Flame Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.61	-1.81	-1.74	-1.77	-1.80

Glory Flame 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-7.1 Mil.

Glory Flame Holdings (HKSE:08059) 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.

Glory Flame Holdings's Interest Expense for the three months ended in Dec. 2023 was HK$-1.8 Mil. Its Operating Income for the three months ended in Dec. 2023 was HK$-0.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was HK$36.7 Mil.

Glory Flame Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Glory Flame Holdings did not have earnings to cover the interest expense.

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

Glory Flame Holdings (HKSE:08059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Glory Flame Holdings Ltd (HKSE:08059) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Canton Road, Suite 821, 8th Floor, Ocean Centre, Harbour City, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

http://www.gf-holdings.com

Glory Flame Holdings Ltd is an investment holding company. The group mainly engages in the provision of concrete demolition services and manufacturing and trading of prefabricated construction components The geographical segments of the group are Hong Kong and the PRC.

Executives

Zhou Jin	2101 Beneficial owner
Zhu Zhou	2101 Beneficial owner
Huang Cheng	2101 Beneficial owner
Du Hao	2101 Beneficial owner

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