Grand Brilliance Group Holdings (HKSE:08372) Interest Expense : HK$-0.15 Mil (TTM As of Sep. 2023)

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What is Grand Brilliance Group Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grand Brilliance Group Holdings's interest expense for the three months ended in Sep. 2023 was HK$ -0.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-0.15 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. Grand Brilliance Group Holdings's Operating Income for the three months ended in Sep. 2023 was HK$ 1.85 Mil. Grand Brilliance Group Holdings's Interest Expense for the three months ended in Sep. 2023 was HK$ -0.04 Mil. Grand Brilliance Group Holdings's Interest Coverage for the quarter that ended in Sep. 2023 was 50.05. 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.

Grand Brilliance Group Holdings Interest Expense Historical Data

The historical data trend for Grand Brilliance Group 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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Grand Brilliance Group Holdings Interest Expense Chart

Grand Brilliance Group Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.07

-0.11

-0.14

-0.15

Grand Brilliance Group Holdings 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															-0.04	-0.04	-0.05	-0.03	-0.04

Grand Brilliance Group 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-0.15 Mil.

Grand Brilliance Group Holdings (HKSE:08372) 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.

Grand Brilliance Group Holdings's Interest Expense for the three months ended in Sep. 2023 was HK$-0.04 Mil. Its Operating Income for the three months ended in Sep. 2023 was HK$1.85 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was HK$0.00 Mil.

Grand Brilliance Group Holdings'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	*	1.852	/	-0.037
	=	50.05

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. Grand Brilliance Group Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Grand Brilliance Group Holdings (HKSE:08372) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Grand Brilliance Group Holdings Ltd (HKSE:08372) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Sha Tsui Road, The Octagon, Units 2901-2903 and 2905, 29th Floor, New Territories, Tsuen Wan, Hong Kong, HKG

Website

http://www.grandbrilliancegroup.com

Grand Brilliance Group Holdings Ltd is an investment holding. The company is engaged in the business of medical device distribution. The company also provides one-stop medical device solutions, including market trend analysis, sourcing of medical devices, after-sale services, technical support, and training services, medical device leasing services, and quality assurance. Geographically, the company derives revenue from Hong Kong. The company serves private hospitals, public hospitals, private clinics, non-profit organizations, universities, and individual end-users in Hong Kong.

Executives

Miu Yin Shun Andrew	2202 Interest of your spouse
Wong Bik Kwan Bikie	2101 Beneficial owner
B&a Success Limited	2101 Beneficial owner

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