Asia Grocery Distribution (HKSE:08413) Interest Expense : HK$-0.8 Mil (TTM As of Sep. 2023)

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What is Asia Grocery Distribution Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Asia Grocery Distribution'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$-0.8 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. Asia Grocery Distribution's Operating Income for the three months ended in Sep. 2023 was HK$ -1.2 Mil. Asia Grocery Distribution's Interest Expense for the three months ended in Sep. 2023 was HK$ -0.2 Mil. Asia Grocery Distribution 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.

Asia Grocery Distribution Interest Expense Historical Data

The historical data trend for Asia Grocery Distribution'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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Asia Grocery Distribution Interest Expense Chart

Asia Grocery Distribution Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.01

-0.44

-0.30

-0.50

-0.70

Asia Grocery Distribution 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															-0.19	-0.18	-0.18	-0.25	-0.23

Asia Grocery Distribution 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$-0.8 Mil.

Asia Grocery Distribution (HKSE:08413) 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.

Asia Grocery Distribution's Interest Expense for the three months ended in Sep. 2023 was HK$-0.2 Mil. Its Operating Income for the three months ended in Sep. 2023 was HK$-1.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was HK$10.2 Mil.

Asia Grocery Distribution's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Asia Grocery Distribution did not have earnings to cover the interest expense.

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

Asia Grocery Distribution (HKSE:08413) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Asia Grocery Distribution Ltd (HKSE:08413) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 22 Sze Shan Street, The Whole of Upper Ground Floor, Mai Tong Industrial Building, Kowloon, Hong Kong, HKG

Website

https://www.agdl.com.hk

Asia Grocery Distribution Ltd is engaged in distributing food and beverage groceries to a wide array of customers, including restaurants, non-commercial dining establishments, hotels, and private clubs, food processing operators, and wholesalers in Hong Kong. It also offers Kitchen and hygiene products include food wrap and food related products such as cling film, baking sheet, foil, cleaning products such as detergent, bleach, liquid soap and others such as tissue paper, toothpick and towel, hygiene products such as face masks and gloves. The company distributes its products to Hong Kong, China, Korea, Thailand, Malaysia, the United Kingdom, the United States, Spain, France, Turkey, and Italy.

Executives

Chu Man	2202 Interest of your spouse
Sky Alpha Investments Limited	2101 Beneficial owner
Fan Wing	2202 Interest of your spouse
Wong Siu Man	2201 Interest of corporation controlled by you
Wong Siu Wa	2201 Interest of corporation controlled by you

Asia Grocery Distribution (HKSE:08413) Headlines

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