Impro Precision Industries (HKSE:01286) Interest Expense : HK$-116 Mil (TTM As of Dec. 2023)

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What is Impro Precision Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Impro Precision Industries's interest expense for the six months ended in Dec. 2023 was HK$ -59 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-116 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. Impro Precision Industries's Operating Income for the six months ended in Dec. 2023 was HK$ 306 Mil. Impro Precision Industries's Interest Expense for the six months ended in Dec. 2023 was HK$ -59 Mil. Impro Precision Industries's Interest Coverage for the quarter that ended in Dec. 2023 was 5.18. 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.

Impro Precision Industries Interest Expense Historical Data

The historical data trend for Impro Precision Industries'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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Impro Precision Industries Interest Expense Chart

Impro Precision Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-71.82

-35.72

-28.33

-60.30

-116.26

Impro Precision Industries 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									-15.86	-20.40	-39.90	-57.23	-59.02

Impro Precision Industries 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$-116 Mil.

Impro Precision Industries (HKSE:01286) 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.

Impro Precision Industries's Interest Expense for the six months ended in Dec. 2023 was HK$-59 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$306 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$1,222 Mil.

Impro Precision Industries'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	*	305.778	/	-59.024
	=	5.18

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

Impro Precision Industries (HKSE:01286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Impro Precision Industries Ltd (HKSE:01286) » Definitions » Interest Expense

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Traded in Other Exchanges

7IP:Germany

Address

6-8 Harbour Road, Unit 803, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.improprecision.com

Impro Precision Industries Ltd is an investment holding company. It operates in four segments: Investment casting, Precision machining and others, Sand casting, and Surface Treatment. The products and services offered are widely applied to various end-markets, including passenger cars, commercial vehicles, high horsepower engines, hydraulic equipment, construction equipment, agricultural equipment, recreational boats and vehicles, aerospace, and medical. Its geographical segments are the Americas, Europe, and Asia, of which key revenue is generated from the Americas.

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