Far East Horizon (Far East Horizon) Interest Expense : $-145 Mil (TTM As of Dec. 2023)

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What is Far East Horizon Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Far East Horizon's interest expense for the six months ended in Dec. 2023 was $ -71 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-145 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. Far East Horizon's Operating Income for the six months ended in Dec. 2023 was $ 563 Mil. Far East Horizon's Interest Expense for the six months ended in Dec. 2023 was $ -71 Mil. Far East Horizon's Interest Coverage for the quarter that ended in Dec. 2023 was 7.94. 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.

Far East Horizon Interest Expense Historical Data

The historical data trend for Far East Horizon'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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Far East Horizon Interest Expense Chart

Far East Horizon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-65.68

-94.38

-5.77

-2.99

-145.37

Far East Horizon Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															54.71	-83.22	76.92	-74.30	-70.85

Far East Horizon 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 semi-annually data reported by the company within the most recent 12 months, which was $-145 Mil.

Far East Horizon (OTCPK:FEHZY) 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.

Far East Horizon's Interest Expense for the six months ended in Dec. 2023 was $-71 Mil. Its Operating Income for the six months ended in Dec. 2023 was $563 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $17,360 Mil.

Far East Horizon's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	562.5	/	-70.851
	=	7.94

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

Far East Horizon (Far East Horizon) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Far East Horizon Ltd (OTCPK:FEHZY) » Definitions » Interest Expense

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03360:Hong Kong F6H:Germany

Address

1 Austin Road West, Unit 6608, 66th Floor, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

https://www.fehorizon.com

Far East Horizon Ltd is a specialty finance provider. Its services entail integrated finance, investment, trade, advisory and engineering services in healthcare, infrastructure construction, electronic information, packaging, transportation and other sectors. The company operates in two segments. The Financial, lease, and advisory business is the highest revenue-generating segment for the company that deals with the provision of direct finance leasing, sale-leaseback, factoring, entrusted loans, and advisory services. The industrial operation and management business segment deals with the import and export trade and domestic trade of medical equipment, the provision of trade agency services, medical engineering, hospital and healthcare management, and ship brokerage services.

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