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Zonqing Environmental (HKSE:01855) Interest Expense : HK$-71 Mil (TTM As of Dec. 2023)


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What is Zonqing Environmental Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zonqing Environmental's interest expense for the six months ended in Dec. 2023 was HK$ -36 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-71 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. Zonqing Environmental's Operating Income for the six months ended in Dec. 2023 was HK$ 269 Mil. Zonqing Environmental's Interest Expense for the six months ended in Dec. 2023 was HK$ -36 Mil. Zonqing Environmental's Interest Coverage for the quarter that ended in Dec. 2023 was 7.51. 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.

Zonqing Environmental Interest Expense Historical Data

The historical data trend for Zonqing Environmental'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.

* Premium members only.

Zonqing Environmental Interest Expense Chart

Zonqing Environmental Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -45.43 -45.12 -45.76 -73.71 -71.24

Zonqing Environmental Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -24.62 -38.72 -36.82 -35.36 -35.88

Zonqing Environmental 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$-71 Mil.

* 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.

Zonqing Environmental  (HKSE:01855) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Zonqing Environmental's Interest Expense for the six months ended in Dec. 2023 was HK$-36 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$269 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$89 Mil.

Zonqing Environmental'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*269.408/-35.881
=7.51

* 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.

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

Zonqing Environmental (HKSE:01855) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zonqing Environmental Ltd (HKSE:01855) » Definitions » Interest Expense
Comparable Companies
HKSE:01271 HKSE:00830 HKSE:09913 HKSE:00331 HKSE:01599 HKSE:02355 HKSE:01977 HKSE:01726 HKSE:01183 HKSE:01499 XPAR:DG NSE:LT SHSE:601668 PWR SHSE:601390 J TSX:WSP HKSE:01800 SHSE:601186 XPAR:EN
Traded in Other Exchanges
N/A
Address
No.5888, Fuzhi Road, 3rd Floor, Zhongqing Building, Jingyue High-tech Industrial Development Zone, Jilin Province, Changchun, CHN
Website
http://www.zonbong.com
Zonqing Environmental Ltd is principally engaged in landscaping, ecological restoration, and other related projects. Its business segments include Landscaping; Ecological restoration; and Others including investigation, survey, design, and technical consultancy for municipal construction projects. A majority of revenue is derived from the Landscaping segment which includes public space landscaping, theme park landscaping, private park landscaping, and maintenance projects. The group's revenue is generated in the PRC.
Executives
Sun Juqing 2202 Interest of your spouse
Zhao Hongyu 2201 Interest of corporation controlled by you
Zonqing International Investment Limited 2101 Beneficial owner
Liu Haitao 2201 Interest of corporation controlled by you
Wang Tiannv 2202 Interest of your spouse
Zonbong International Investment Limited 2101 Beneficial owner

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