Progressive Path Group Holdings (HKSE:01581) Interest Expense : HK$-13.1 Mil (TTM As of Sep. 2023)

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What is Progressive Path Group Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Progressive Path Group Holdings's interest expense for the six months ended in Sep. 2023 was HK$ -7.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-13.1 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. Progressive Path Group Holdings's Operating Income for the six months ended in Sep. 2023 was HK$ 9.2 Mil. Progressive Path Group Holdings's Interest Expense for the six months ended in Sep. 2023 was HK$ -7.2 Mil. Progressive Path Group Holdings's Interest Coverage for the quarter that ended in Sep. 2023 was 1.28. 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.

Progressive Path Group Holdings Interest Expense Historical Data

The historical data trend for Progressive Path Group 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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Progressive Path Group Holdings Interest Expense Chart

Progressive Path Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-5.27

-6.30

-5.32

-6.48

-10.57

Progressive Path Group Holdings Semi-Annual Data
	Mar14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial														-3.08	-3.40	-4.62	-5.95	-7.16

Progressive Path Group 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-13.1 Mil.

Progressive Path Group Holdings (HKSE:01581) 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.

Progressive Path Group Holdings's Interest Expense for the six months ended in Sep. 2023 was HK$-7.2 Mil. Its Operating Income for the six months ended in Sep. 2023 was HK$9.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was HK$59.6 Mil.

Progressive Path Group Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	9.151	/	-7.155
	=	1.28

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

Progressive Path Group Holdings (HKSE:01581) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Progressive Path Group Holdings Ltd (HKSE:01581) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 22 Hoi Wing Road, Unit 1108, 11th Floor, Tuen Mun Central Square, Tuen Mun, New Territories, Hong Kong, HKG

Website

https://www.ppgh.com.hk

Progressive Path Group Holdings Ltd is engaged in construction engineering work and the provision of construction machinery rental services in Hong Kong. Its construction machinery rental services represent the rental of construction machines and construction vehicles to customers, and the provision of machine operators and transportation services as part of its one-stop construction machinery rental services. Its construction works represent the construction projects undertaken, the nature of which are broadly classified as foundation and site formation works, and builder's work and general building works. Its segments are Construction works and Construction Machinery Rental.

Executives

Profit Gold Global Limited	2101 Beneficial owner
Kwok Wai Sheung Melody	2202 Interest of your spouse
Wu Wing Hang	2201 Interest of corporation controlled by you

Progressive Path Group Holdings (HKSE:01581) Headlines

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