Magnificent Hotel Investments (HKSE:00201) Interest Expense : HK$-43.8 Mil (TTM As of Dec. 2023)

View and export this data going back to 1972. Start your Free Trial

What is Magnificent Hotel Investments Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Magnificent Hotel Investments's interest expense for the six months ended in Dec. 2023 was HK$ -24.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-43.8 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. Magnificent Hotel Investments's Operating Income for the six months ended in Dec. 2023 was HK$ 43.7 Mil. Magnificent Hotel Investments's Interest Expense for the six months ended in Dec. 2023 was HK$ -24.3 Mil. Magnificent Hotel Investments's Interest Coverage for the quarter that ended in Dec. 2023 was 1.79. 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.

Magnificent Hotel Investments Interest Expense Historical Data

The historical data trend for Magnificent Hotel Investments'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.

* Premium members only.

Magnificent Hotel Investments Interest Expense Chart

Magnificent Hotel Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-8.03

-8.32

-6.51

-23.10

-43.78

Magnificent Hotel Investments 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															-3.47	-4.35	-18.75	-19.45	-24.33

Magnificent Hotel Investments 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 HK$-43.8 Mil.

Magnificent Hotel Investments (HKSE:00201) 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.

Magnificent Hotel Investments's Interest Expense for the six months ended in Dec. 2023 was HK$-24.3 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$43.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$232.1 Mil.

Magnificent Hotel Investments'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	*	43.656	/	-24.334
	=	1.79

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Magnificent Hotel Investments Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Magnificent Hotel Investments (HKSE:00201) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Magnificent Hotel Investments Ltd (HKSE:00201) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

24-30 Ice House Street, 3rd Floor, Shun Ho Tower, Central, Hong Kong, HKG

Website

http://www.magnificenthotelinv.com

Magnificent Hotel Investments Ltd is an investment holding company. The firm manages its business into three segments, namely Hospitality services, Property investment, and Securities investment. It operates the Ramada Hotel, Best Western Plus Hotel, Best Western Hotel, Magnificent International Hotel, Best Western Causeway Bay, and Grand City Hotel. It derives the majority of its revenue from the Hospitality services segment. Its geographical segments are Hong Kong, China, and the United States.

Magnificent Hotel Investments (HKSE:00201) Headlines

No Headlines