Ocean Line Port Development (HKSE:08502) Interest Expense : HK$-0.0 Mil (TTM As of Dec. 2023)

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What is Ocean Line Port Development Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ocean Line Port Development's interest expense for the three months ended in Dec. 2023 was HK$ -0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-0.0 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. Ocean Line Port Development's Operating Income for the three months ended in Dec. 2023 was HK$ 15.6 Mil. Ocean Line Port Development's Interest Expense for the three months ended in Dec. 2023 was HK$ -0.0 Mil. Ocean Line Port Development's Interest Coverage for the quarter that ended in Dec. 2023 was 15,603.00. 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.

Ocean Line Port Development Interest Expense Historical Data

The historical data trend for Ocean Line Port Development'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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Ocean Line Port Development Interest Expense Chart

Ocean Line Port Development Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.47

-0.66

-0.08

-0.05

-0.02

Ocean Line Port Development Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.01	-0.01	-	-	-

Ocean Line Port Development 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 quarterly data reported by the company within the most recent 12 months, which was HK$-0.0 Mil.

Ocean Line Port Development (HKSE:08502) 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.

Ocean Line Port Development's Interest Expense for the three months ended in Dec. 2023 was HK$-0.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was HK$15.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was HK$1.2 Mil.

Ocean Line Port Development'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	*	15.603	/	-0.001
	=	15,603.00

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. Ocean Line Port Development Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Ocean Line Port Development (HKSE:08502) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ocean Line Port Development Ltd (HKSE:08502) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No.8 Yanjiang Avenue, Chizhou Economic Development Zone, Chizhou, Anhui, CHN

Website

http://www.oceanlineport.com

Ocean Line Port Development Ltd is engaged in the provision of port logistic services. Its business includes cargo handling and related supporting port services, including warehousing, short-haul land transportation, and other miscellaneous services. The company provides loading and unloading services for domestic and foreign trade, covering a wide range of cargo types, including bulk cargoes. Geographically, the group provides port services in China, and all its revenues are generated in China.

Executives

Vital Force Developments Limited	2101 Beneficial owner
Cheung Wai Fung	2101 Beneficial owner
Kwai Sze Hoi	2101 Beneficial owner

Ocean Line Port Development (HKSE:08502) Headlines

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