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China Chunlai Education Group Co (HKSE:01969) Interest Expense : HK$-120 Mil (TTM As of Aug. 2023)


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What is China Chunlai Education Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Chunlai Education Group Co's interest expense for the six months ended in Aug. 2023 was HK$ -68 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2023 was HK$-120 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. China Chunlai Education Group Co's Operating Income for the six months ended in Aug. 2023 was HK$ 341 Mil. China Chunlai Education Group Co's Interest Expense for the six months ended in Aug. 2023 was HK$ -68 Mil. China Chunlai Education Group Co's Interest Coverage for the quarter that ended in Aug. 2023 was 5.00. 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.

China Chunlai Education Group Co Interest Expense Historical Data

The historical data trend for China Chunlai Education Group Co'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.

China Chunlai Education Group Co Interest Expense Chart

China Chunlai Education Group Co Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Interest Expense
Get a 7-Day Free Trial Premium Member Only -67.24 -103.30 -114.72 -156.68 -134.47

China Chunlai Education Group Co Semi-Annual Data
Aug15 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -81.75 -79.97 -70.44 -68.20 -51.43

China Chunlai Education Group Co 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 Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-120 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.

China Chunlai Education Group Co  (HKSE:01969) 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.

China Chunlai Education Group Co's Interest Expense for the six months ended in Aug. 2023 was HK$-68 Mil. Its Operating Income for the six months ended in Aug. 2023 was HK$341 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Aug. 2023 was HK$791 Mil.

China Chunlai Education Group Co's Interest Coverage for the quarter that ended in Aug. 2023 is calculated as

Interest Coverage=-1* Operating Income (Q: Aug. 2023 )/Interest Expense (Q: Aug. 2023 )
=-1*341.246/-68.195
=5.00

* 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.

China Chunlai Education Group Co (HKSE:01969) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Chunlai Education Group Co Ltd (HKSE:01969) » Definitions » Interest Expense
Comparable Companies
HKSE:02469 HKSE:00667 HKSE:09636 HKSE:01773 HKSE:01890 HKSE:01765 HKSE:02001 HKSE:00032 HKSE:00382 HKSE:02385 AIU EDU TAL HKSE:01797 ASX:IEL LOPE SZSE:002607 GHC COUR LRN
Traded in Other Exchanges
N/A
Address
No. 66, Beihai East Road, Henan Province, Shangqiu, CHN, 476000
Website
https://www.chunlaiedu.com
China Chunlai Education Group Co Ltd is an investment holding company. The company through its subsidiaries is engaged in the operation of private higher education institutions. It generates revenue from tuition fees and Boarding fees. Geographically, it derives revenue from China.
Executives
Hou Junyu 2201 Interest of corporation controlled by you
Chunlai Investment Co., Ltd. 2101 Beneficial owner
Xiang Rong International Limited 2101 Beneficial owner

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