GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Hongcheng Environmental Technology Co Ltd (HKSE:02265) » Definitions » Interest Expense

Hongcheng Environmental Technology Co (HKSE:02265) Interest Expense : HK$-8.5 Mil (TTM As of Dec. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Hongcheng Environmental Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hongcheng Environmental Technology Co's interest expense for the six months ended in Dec. 2023 was HK$ -4.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-8.5 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. Hongcheng Environmental Technology Co's Operating Income for the six months ended in Dec. 2023 was HK$ 12.2 Mil. Hongcheng Environmental Technology Co's Interest Expense for the six months ended in Dec. 2023 was HK$ -4.9 Mil. Hongcheng Environmental Technology Co's Interest Coverage for the quarter that ended in Dec. 2023 was 2.52. 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.

Hongcheng Environmental Technology Co Interest Expense Historical Data

The historical data trend for Hongcheng Environmental Technology 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.

Hongcheng Environmental Technology Co Interest Expense Chart

Hongcheng Environmental Technology Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -6.01 -7.14 -7.36 -7.43 -8.52

Hongcheng Environmental Technology Co Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Interest Expense Get a 7-Day Free Trial Premium Member Only -3.70 -3.85 -3.77 -3.67 -4.85

Hongcheng Environmental Technology 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-8.5 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.

Hongcheng Environmental Technology Co  (HKSE:02265) 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.

Hongcheng Environmental Technology Co's Interest Expense for the six months ended in Dec. 2023 was HK$-4.9 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$12.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$54.5 Mil.

Hongcheng Environmental Technology Co'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*12.232/-4.85
=2.52

* 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.

Hongcheng Environmental Technology Co (HKSE:02265) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Hongcheng Environmental Technology Co Ltd (HKSE:02265) » Definitions » Interest Expense
Comparable Companies
HKSE:06805 HKSE:01483 HKSE:01790 HKSE:00154 HKSE:01845 HKSE:01397 HKSE:00436 HKSE:00979 HKSE:03989 HKSE:00923 WM RSG WCN XPAR:VIE GFL CLH XMAD:FCC CWST SHSE:603568 SZSE:002340
Traded in Other Exchanges
N/A
Address
Yeyan Road North, Dadongzhuang Village North, Shahe Town, Shandong Province, Yantai, Laizhou, CHN
Website
http://www.sdhcgroup.cn
Hongcheng Environmental Technology Co Ltd is an investment holding company. The company and its subsidiaries are engaged in the provision of gold mine hazardous waste treatment services and recycling and extracting therefrom resources with economic value for sale, such as pyrite concentrate.
Executives
Zeming International Investment Co., Ltd. 2101 Beneficial owner
Liu Ze Ming 2201 Interest of corporation controlled by you
Li Li Yan 2202 Interest of your spouse

Hongcheng Environmental Technology Co (HKSE:02265) Headlines

No Headlines