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CMGE Technology Group (HKSE:00302) Interest Expense : HK$-21 Mil (TTM As of Dec. 2023)


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What is CMGE Technology Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CMGE Technology Group's interest expense for the six months ended in Dec. 2023 was HK$ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-21 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. CMGE Technology Group's Operating Income for the six months ended in Dec. 2023 was HK$ 91 Mil. CMGE Technology Group's Interest Expense for the six months ended in Dec. 2023 was HK$ -11 Mil. CMGE Technology Group's Interest Coverage for the quarter that ended in Dec. 2023 was 8.52. 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.

CMGE Technology Group Interest Expense Historical Data

The historical data trend for CMGE Technology Group'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.

CMGE Technology Group Interest Expense Chart

CMGE Technology Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -16.77 -41.76 -29.75 -39.40 -21.48

CMGE Technology Group Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -15.94 -19.15 -21.15 -10.78 -10.70

CMGE Technology Group 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$-21 Mil.

* 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.

CMGE Technology Group  (HKSE:00302) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

CMGE Technology Group's Interest Expense for the six months ended in Dec. 2023 was HK$-11 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$91 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$17 Mil.

CMGE Technology Group'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*91.161/-10.696
=8.52

* 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.

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

CMGE Technology Group (HKSE:00302) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » CMGE Technology Group Ltd (HKSE:00302) » Definitions » Interest Expense
Comparable Companies
HKSE:02660 HKSE:00799 HKSE:01119 HKSE:06633 HKSE:03798 HKSE:06820 HKSE:02400 HKSE:09990 HKSE:00797 HKSE:09890 ATVI ATVI NTES TSE:7974 EA TTWO RBLX TSE:3659 TSE:9766 TSE:9697
Traded in Other Exchanges
N/A
Address
Zhongkang North Road, 10th Floor, Building No. 4, Zhuoyue Meilin Center Square, Futian District, Guangdong Province, Shenzhen, CHN
Website
https://www.cmge.com
CMGE is an IP-based mobile game developer and publisher in China with 55 licensed IPs and 68 proprietary IPs as of the end of 2021. The company has over 80 games on the shelf and over 20 games with lifecycles of over three years. Average monthly active users, or MAUs, of CMGE games reached 19.1 million in 2021. The market share of CMGE for online gaming grossing income in 2021 was around 1%.
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