Solargiga Energy Holdings (HKSE:00757) Interest Expense : HK$-78 Mil (TTM As of Dec. 2023)

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What is Solargiga Energy Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Solargiga Energy Holdings's interest expense for the six months ended in Dec. 2023 was HK$ -39 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-78 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. Solargiga Energy Holdings's Operating Income for the six months ended in Dec. 2023 was HK$ 41 Mil. Solargiga Energy Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$ -39 Mil. Solargiga Energy Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 1.06. 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.

Solargiga Energy Holdings Interest Expense Historical Data

The historical data trend for Solargiga Energy Holdings'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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Solargiga Energy Holdings Interest Expense Chart

Solargiga Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-137.01

-140.77

-125.30

-87.99

-77.79

Solargiga Energy Holdings 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															-50.90	-52.74	-37.75	-39.15	-38.64

Solargiga Energy Holdings 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$-78 Mil.

Solargiga Energy Holdings (HKSE:00757) 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.

Solargiga Energy Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-39 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$41 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$56 Mil.

Solargiga Energy Holdings'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	*	41.004	/	-38.638
	=	1.06

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

Solargiga Energy Holdings (HKSE:00757) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solargiga Energy Holdings Ltd (HKSE:00757) » Definitions » Interest Expense

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Traded in Other Exchanges

3FV:Germany

Address

25 Harbour Road, Room 1402, Harbour Centre, Wanchai, Hong Kong, HKG

Website

https://www.solargiga.com

Solargiga Energy Holdings Ltd is a supplier of upstream and downstream solar energy services. It is involved in the manufacturing of, trading of and provision of processing services for polysilicon and monocrystalline silicon solar ingots, the manufacturing, and trading of semiconductor and monocrystalline silicon solar cells, the manufacturing and trading of photovoltaic modules, and the construction and operation of photovoltaic power plants. The company derives the majority of its revenues from the manufacturing and trading of photovoltaic modules. It mainly operates in Mainland China, Japan, Taiwan, Europe, America, and other Asian regions.

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