Tak Lee Machinery Holdings (HKSE:02102) Interest Expense : HK$-0.7 Mil (TTM As of Jan. 2024)

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What is Tak Lee Machinery Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tak Lee Machinery Holdings's interest expense for the six months ended in Jan. 2024 was HK$ -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was HK$-0.7 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. Tak Lee Machinery Holdings's Operating Income for the six months ended in Jan. 2024 was HK$ 9.8 Mil. Tak Lee Machinery Holdings's Interest Expense for the six months ended in Jan. 2024 was HK$ -0.5 Mil. Tak Lee Machinery Holdings's Interest Coverage for the quarter that ended in Jan. 2024 was 20.20. 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.

Tak Lee Machinery Holdings Interest Expense Historical Data

The historical data trend for Tak Lee Machinery 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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Tak Lee Machinery Holdings Interest Expense Chart

Tak Lee Machinery Holdings Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Interest Expense

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-3.93

-5.55

-1.87

-0.92

-0.86

Tak Lee Machinery Holdings Semi-Annual Data
	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Interest Expense	Get a 7-Day Free Trial													-0.45	-0.47	-0.60	-0.26	-0.48

Tak Lee Machinery 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 Jan. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-0.7 Mil.

Tak Lee Machinery Holdings (HKSE:02102) 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.

Tak Lee Machinery Holdings's Interest Expense for the six months ended in Jan. 2024 was HK$-0.5 Mil. Its Operating Income for the six months ended in Jan. 2024 was HK$9.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jan. 2024 was HK$3.2 Mil.

Tak Lee Machinery Holdings's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	9.779	/	-0.484
	=	20.20

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

Tak Lee Machinery Holdings (HKSE:02102) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tak Lee Machinery Holdings Ltd (HKSE:02102) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

D.D. 111, Lot No. 117, Sheung Che Village, Pat Heung, Yuen Long, New Territories, Hong Kong, HKG

Website

https://www.tlmc-hk.com

Tak Lee Machinery Holdings Ltd is an earthmoving equipment sales and leasing service provider. The company's operating segment includes Sales of heavy equipment and spare parts; Lease of heavy equipment and Maintenance and ancillary services. It generates maximum revenue from the Sales of heavy equipment and spare parts segment which includes trading of heavy equipment and spare parts in Hong Kong. Geographically, it derives revenue from Hong Kong.

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