Cirtek Holdings (HKSE:01433) Interest Expense : HK$-3.2 Mil (TTM As of Dec. 2023)

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What is Cirtek Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cirtek Holdings's interest expense for the six months ended in Dec. 2023 was HK$ -1.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-3.2 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. Cirtek Holdings's Operating Income for the six months ended in Dec. 2023 was HK$ 8.5 Mil. Cirtek Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$ -1.5 Mil. Cirtek Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 5.59. 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.

Cirtek Holdings Interest Expense Historical Data

The historical data trend for Cirtek 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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Cirtek Holdings Interest Expense Chart

Cirtek Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.74

-2.38

-2.25

-2.20

-3.16

Cirtek Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial								-1.06	-1.30	-0.91	-1.64	-1.52

Cirtek 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$-3.2 Mil.

Cirtek Holdings (HKSE:01433) 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.

Cirtek Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-1.5 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$8.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$16.0 Mil.

Cirtek 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	*	8.51	/	-1.523
	=	5.59

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

Cirtek Holdings (HKSE:01433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cirtek Holdings Ltd (HKSE:01433) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Cheung Yue Street, 1st Floor, Wing Ming Industrial Centre, Lai Chi Kok, Kowloon, Hong Kong, HKG

Website

http://www.cirtek.com

Cirtek Holdings Ltd is engaged in manufacturing and sale of apparel products, such as hang tags, woven labels, printed labels and heat transfer products. It generates revenue from Hong Kong, Mainland China, Bangladesh, Vietnam, U.S and Other countries.

Executives

Charming International Limited	2101 Beneficial owner
Chan Sing Ming Barry	2201 Interest of corporation controlled by you
Law Miu Lan	2201 Interest of corporation controlled by you

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