Smoore International Holdings (HKSE:06969) Interest Expense : HK$-30 Mil (TTM As of Dec. 2023)

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What is Smoore International Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Smoore International Holdings's interest expense for the six months ended in Dec. 2023 was HK$ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-30 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. Smoore International Holdings's Operating Income for the six months ended in Dec. 2023 was HK$ 1,019 Mil. Smoore International Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$ -18 Mil. Smoore International Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 57.46. 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.

Smoore International Holdings Interest Expense Historical Data

The historical data trend for Smoore International 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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Smoore International Holdings Interest Expense Chart

Smoore International Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-20.22

-18.22

-30.67

-32.36

-29.74

Smoore International Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial								-21.39	-17.22	-15.96	-12.01	-17.73

Smoore International 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$-30 Mil.

Smoore International Holdings (HKSE:06969) 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.

Smoore International Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-18 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$1,019 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$290 Mil.

Smoore International Holdings'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	*	1018.962	/	-17.732
	=	57.46

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. Smoore International Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Smoore International Holdings (HKSE:06969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Smoore International Holdings Ltd (HKSE:06969) » Definitions » Interest Expense

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SMORF:USA

Address

Gushu Community, Xixiang Street, No. 16, Dongcai Industrial Zone, Bao’an District, Guangdong, Shenzhen, CHN

Website

https://www.smooreholdings.com

Smoore International Holdings Ltd offers vaping technology solutions, including manufacturing vaping devices and vaping components for Heat-not-burn products. It operates in three segments namely research, design and manufacturing of closed-system vaping devices and vaping components for tobacco companies and independent vaping companies, and research, design, manufacturing, and sale of self-branded open-system vaping devices, or APV, for retail clients and new business such as atomization in medical treatment to provide patients with inhalation drug delivery products on a basis of atomization technology. The company generates maximum revenue from Vaping devices and components, other than APV.

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