MediNet Group (HKSE:08161) Interest Expense : HK$-0.5 Mil (TTM As of Sep. 2023)

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What is MediNet Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MediNet Group's interest expense for the three months ended in Sep. 2023 was HK$ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-0.5 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. MediNet Group's Operating Income for the three months ended in Sep. 2023 was HK$ 2.3 Mil. MediNet Group's Interest Expense for the three months ended in Sep. 2023 was HK$ -0.2 Mil. MediNet Group's Interest Coverage for the quarter that ended in Sep. 2023 was 13.94. 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.

MediNet Group Interest Expense Historical Data

The historical data trend for MediNet 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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MediNet Group Interest Expense Chart

MediNet Group Annual Data

Trend

Mar14

Mar15

Mar16

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Mar18

Mar19

Mar20

Mar21

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Mar23

Interest Expense

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-0.72

-0.83

-0.65

-0.56

MediNet 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															-0.15	-0.13	-0.12	-0.10	-0.17

MediNet 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$-0.5 Mil.

MediNet Group (HKSE:08161) 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.

MediNet Group's Interest Expense for the three months ended in Sep. 2023 was HK$-0.2 Mil. Its Operating Income for the three months ended in Sep. 2023 was HK$2.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was HK$2.7 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	2.342	/	-0.168
	=	13.94

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

MediNet Group (HKSE:08161) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » MediNet Group Ltd (HKSE:08161) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Whitfield Road, Causeway Bay, Unit 3601, 36th Floor, Citicorp Centre, Hong Kong, HKG

Website

http://www.medinetgroup.com

MediNet Group Ltd is a provider of corporate healthcare solutions in Hong Kong. The company's operating segment includes Dental business and Medical business. The Dental segment offer dental solutions and dental services by dental clinics owned and operated by the group. Its Medical segment provide outpatient general services and men's health treatments services. It offers services to both plan members and self-paid patient. The company generates revenue by providing Dental business.

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