Flat Glass Group Co (HKSE:06865) Interest Expense : HK$-410 Mil (TTM As of Mar. 2024)

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What is Flat Glass Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Flat Glass Group Co's interest expense for the three months ended in Mar. 2024 was HK$ -138 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was HK$-410 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. Flat Glass Group Co's Operating Income for the three months ended in Mar. 2024 was HK$ 1,025 Mil. Flat Glass Group Co's Interest Expense for the three months ended in Mar. 2024 was HK$ -138 Mil. Flat Glass Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 7.43. 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.

Flat Glass Group Co Interest Expense Historical Data

The historical data trend for Flat Glass 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.

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Flat Glass Group Co Interest Expense Chart

Flat Glass Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-72.76

-95.16

-110.51

-377.71

-646.05

Flat Glass Group Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-143.97	-133.32	-138.37	-	-138.02

Flat Glass 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-410 Mil.

Flat Glass Group Co (HKSE:06865) 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.

Flat Glass Group Co's Interest Expense for the three months ended in Mar. 2024 was HK$-138 Mil. Its Operating Income for the three months ended in Mar. 2024 was HK$1,025 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was HK$12,450 Mil.

Flat Glass Group Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1025.467	/	-138.015
	=	7.43

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

Flat Glass Group Co (HKSE:06865) Business Description

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FGSGF:USA 72T:Germany 601865:China

Address

1999 Yunhe Road, Xiuzhou District, Zhejiang Province, Jiaxing, CHN

Website

https://www.flatgroup.com.cn

Flat Glass Group Co Ltd manufactures and sells glass and glass products. The Company operates in six segments: Photovoltaic (PV) Glass, Household Glass, Architectural Glass, Float glass, Mining products, and Other businesses. The majority of revenue is derived from the PV glass segment. Its geographical segments are China, Asia (excluding the PRC and Japan), Europe, North America, and Others.

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