Megain Holding (Cayman) Co (HKSE:06939) Interest Expense : HK$-0.2 Mil (TTM As of Dec. 2023)

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What is Megain Holding (Cayman) Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Megain Holding (Cayman) Co's interest expense for the six months ended in Dec. 2023 was HK$ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-0.2 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. Megain Holding (Cayman) Co's Operating Income for the six months ended in Dec. 2023 was HK$ 8.9 Mil. Megain Holding (Cayman) Co's Interest Expense for the six months ended in Dec. 2023 was HK$ -0.1 Mil. Megain Holding (Cayman) Co's Interest Coverage for the quarter that ended in Dec. 2023 was 141.02. 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.

Megain Holding (Cayman) Co Interest Expense Historical Data

The historical data trend for Megain Holding (Cayman) 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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Megain Holding (Cayman) Co Interest Expense Chart

Megain Holding (Cayman) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.17

-0.13

-0.29

-0.28

-0.16

Megain Holding (Cayman) Co Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial						-0.19	-0.18	-0.11	-0.09	-0.06

Megain Holding (Cayman) 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$-0.2 Mil.

Megain Holding (Cayman) Co (HKSE:06939) 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.

Megain Holding (Cayman) Co's Interest Expense for the six months ended in Dec. 2023 was HK$-0.1 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$8.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$0.5 Mil.

Megain Holding (Cayman) 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	*	8.884	/	-0.063
	=	141.02

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. Megain Holding (Cayman) Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Megain Holding (Cayman) Co (HKSE:06939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Megain Holding (Cayman) Co Ltd (HKSE:06939) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 115 Huawei Road, Block A, Floor 3, Guangdong Province, Zhuhai, CHN, 519000

Website

https://www.megaincayman.com

Megain Holding (Cayman) Co Ltd is an investment holding company engaged in the provision of research, design, development, and sales of compatible cartridge chips based in China. The company's products are the core components of compatible cartridges, which are printer consumables designed and manufactured by third-party cartridge manufacturers and include ink cartridges for use in inkjet printers and toner cartridges for use in laser printers. Its product application includes Desktop laser printers, Desktop inkjet printers, and Commercial printers. The company derives a majority of its revenue from the People's Republic of China.

Executives

Cheng Hsien-wei	2201 Interest of corporation controlled by you
Global Megain Technology Pte. Ltd.	2101 Beneficial owner
Arista Global Ltd.	2103 Interests held jointly with another person
Lee Kuo-chang	2103 Interests held jointly with another person
Good Loyal Corporation	2101 Beneficial owner
Yu Yiding	2201 Interest of corporation controlled by you
Lam Tsz Leung	2101 Beneficial owner

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