China Technology Industry Group (HKSE:08111) Interest Expense : HK$-6.59 Mil (TTM As of Sep. 2023)

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What is China Technology Industry Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Technology Industry Group's interest expense for the three months ended in Sep. 2023 was HK$ -1.88 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-6.59 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. China Technology Industry Group's Operating Income for the three months ended in Sep. 2023 was HK$ -3.99 Mil. China Technology Industry Group's Interest Expense for the three months ended in Sep. 2023 was HK$ -1.88 Mil. China Technology Industry Group did not have earnings to cover the interest expense. 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.

China Technology Industry Group Interest Expense Historical Data

The historical data trend for China Technology Industry Group'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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China Technology Industry Group Interest Expense Chart

China Technology Industry Group Annual Data

Trend

Mar14

Mar15

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Mar23

Interest Expense

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-5.31

-5.16

-6.42

-3.26

-4.34

China Technology Industry Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.70	-1.49	-1.48	-1.74	-1.88

China Technology Industry Group 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-6.59 Mil.

China Technology Industry Group (HKSE:08111) 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.

China Technology Industry Group's Interest Expense for the three months ended in Sep. 2023 was HK$-1.88 Mil. Its Operating Income for the three months ended in Sep. 2023 was HK$-3.99 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was HK$0.15 Mil.

China Technology Industry Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

China Technology Industry Group did not have earnings to cover the interest expense.

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

China Technology Industry Group (HKSE:08111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » China Technology Industry Group Ltd (HKSE:08111) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ocean Centre, Suite 704, 7th Floor, Harbour City, Kowloon, Hong Kong, HKG

Website

http://www.chinatechindgroup.com

China Technology Industry Group Ltd is engaged in the Sale of renewable energy products, New energy power system integration business, Sales of self-service automatic teller machine (ATM) systems and printing systems, and Provision of hardware and software technical support services. Key revenue is derived from the Sale of renewable energy products such as solar and wind power-related products. The group operates in the PRC. It has two segments sales of renewable energy products and New energy power system integration business. It generates maximum revenue from the Sales of renewable energy products.

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