Pan Asia Environmental Protection Group (HKSE:00556) Interest Expense : HK$-3.0 Mil (TTM As of Dec. 2023)

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What is Pan Asia Environmental Protection Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pan Asia Environmental Protection Group's interest expense for the six months ended in Dec. 2023 was HK$ -1.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-3.0 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. Pan Asia Environmental Protection Group's Operating Income for the six months ended in Dec. 2023 was HK$ 6.2 Mil. Pan Asia Environmental Protection Group's Interest Expense for the six months ended in Dec. 2023 was HK$ -1.4 Mil. Pan Asia Environmental Protection Group's Interest Coverage for the quarter that ended in Dec. 2023 was 4.45. 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.

Pan Asia Environmental Protection Group Interest Expense Historical Data

The historical data trend for Pan Asia Environmental Protection 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.

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Pan Asia Environmental Protection Group Interest Expense Chart

Pan Asia Environmental Protection Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3.50

-3.65

-3.51

-3.19

-3.01

Pan Asia Environmental Protection Group 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															-1.75	-1.67	-1.60	-1.61	-1.40

Pan Asia Environmental Protection 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$-3.0 Mil.

Pan Asia Environmental Protection Group (HKSE:00556) 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.

Pan Asia Environmental Protection Group's Interest Expense for the six months ended in Dec. 2023 was HK$-1.4 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$6.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$23.6 Mil.

Pan Asia Environmental Protection 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	*	6.247	/	-1.404
	=	4.45

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

Pan Asia Environmental Protection Group (HKSE:00556) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pan Asia Environmental Protection Group Ltd (HKSE:00556) » Definitions » Interest Expense

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Address

Xinjie Street, Baihe Industrial Park, Jiangsu Province, Yixing City, CHN, 214204

Website

http://www.paep.com.cn

Pan Asia Environmental Protection Group Ltd and its subsidiaries are engaged in the sale of environmental protection products and equipment, undertaking EP construction engineering services. The operating business segments are the EP products and equipment segment which derives the majority of revenue involves the sales of EP products and equipment to external customers and the EP construction engineering services segment.

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