Renheng Enterprise Holdings (HKSE:03628) Interest Expense : HK$0.0 Mil (TTM As of Dec. 2023)

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What is Renheng Enterprise Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Renheng Enterprise Holdings's interest expense for the six months ended in Dec. 2023 was HK$ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$0.0 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. Renheng Enterprise Holdings's Operating Income for the six months ended in Dec. 2023 was HK$ 15.5 Mil. Renheng Enterprise Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$ 0.0 Mil. Renheng Enterprise Holdings has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Renheng Enterprise Holdings Interest Expense Historical Data

The historical data trend for Renheng Enterprise 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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Renheng Enterprise Holdings Interest Expense Chart

Renheng Enterprise Holdings Annual Data

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Interest Expense

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Renheng Enterprise Holdings Semi-Annual Data
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Renheng Enterprise 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0.0 Mil.

Renheng Enterprise Holdings (HKSE:03628) 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.

Renheng Enterprise Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$0.0 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$15.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$0.0 Mil.

Renheng Enterprise Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Renheng Enterprise Holdings had no long-term debt ⁽¹⁾.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Renheng Enterprise Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Renheng Enterprise Holdings (HKSE:03628) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Renheng Enterprise Holdings Ltd (HKSE:03628) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

16 Harcourt Road, Room 3805, 38th Floor, Far East Finance Centre, Admiralty, Hong Kong, HKG

Website

https://www.renhengenterprise.com

Renheng Enterprise Holdings Ltd is an investment holding company that is engaged in the manufacture and sale of tobacco machinery products in the PRC. The company mainly produces three types of catalogued special-purpose tobacco machinery products, namely casing and flavoring system, pneumatic feeding system and pre-pressing packing machine. It is also engaged in the provision of maintenance, overhaul and modification services in respect of tobacco machinery products. The sale of catalogued special-purpose tobacco machinery products contributes most of the firm's revenue. All of the group's revenue are derived in the PRC.

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