Comtec Solar Systems Group (HKSE:00712) Interest Expense : HK$-15.3 Mil (TTM As of Dec. 2023)

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What is Comtec Solar Systems Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Comtec Solar Systems Group's interest expense for the six months ended in Dec. 2023 was HK$ -7.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-15.3 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. Comtec Solar Systems Group's Operating Income for the six months ended in Dec. 2023 was HK$ -0.3 Mil. Comtec Solar Systems Group's Interest Expense for the six months ended in Dec. 2023 was HK$ -7.4 Mil. Comtec Solar Systems Group 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.

Comtec Solar Systems Group Interest Expense Historical Data

The historical data trend for Comtec Solar Systems 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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Comtec Solar Systems Group Interest Expense Chart

Comtec Solar Systems Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-27.66

-28.18

-36.67

-15.65

-15.35

Comtec Solar Systems 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															-27.95	-9.20	-6.89	-7.91	-7.43

Comtec Solar Systems 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$-15.3 Mil.

Comtec Solar Systems Group (HKSE:00712) 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.

Comtec Solar Systems Group's Interest Expense for the six months ended in Dec. 2023 was HK$-7.4 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$-0.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$50.1 Mil.

Comtec Solar Systems Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Comtec Solar Systems Group did not have earnings to cover the interest expense.

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

Comtec Solar Systems Group (HKSE:00712) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Comtec Solar Systems Group Ltd (HKSE:00712) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

8C11:Germany

Address

No. 2, Hongyang Road, Tianning District, Jiangsu Province, Changzhou, CHN

Website

http://www.comtecsolar.com

Comtec Solar Systems Group Ltd is an investment holding company. The company is engaged in operations of rooftop distributed power generation projects in industrial, commercial and residential buildings and in sales of lithium battery power storage systems businesses for electric vehicles and power storage customers. It also involves consulting services for the investment, development, construction and operation of solar photovoltaic power stations. Its segments are Monocrystalline and solar products and Solar and power storage products.

Executives

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Chang Loong Cheong	2101 Beneficial owner
Wu Jun	2101 Beneficial owner
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Zhang Yi John	2101 Beneficial owner
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Wang Carrie	2202 Interest of your spouse
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Ark Pacific Special Opportunities Fund I, L.p.	2201 Interest of corporation controlled by you
Ark Pacific Investment Management Limited	2201 Interest of corporation controlled by you
Lau Tak Kei Arthur	2201 Interest of corporation controlled by you
Ng Chi Keung Kenneth	2201 Interest of corporation controlled by you

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