Yik Wo International Holdings (HKSE:08659) Interest Expense : HK$-0.2 Mil (TTM As of Dec. 2023)

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What is Yik Wo International Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Yik Wo International Holdings's interest expense for the three months ended in Dec. 2023 was HK$ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-0.2 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. Yik Wo International Holdings's Operating Income for the three months ended in Dec. 2023 was HK$ 15.8 Mil. Yik Wo International Holdings's Interest Expense for the three months ended in Dec. 2023 was HK$ -0.1 Mil. Yik Wo International Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 236.12. 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.

Yik Wo International Holdings Interest Expense Historical Data

The historical data trend for Yik Wo International 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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Yik Wo International Holdings Interest Expense Chart

Yik Wo International Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.25

-0.24

-0.18

-0.23

Yik Wo International Holdings Quarterly Data
	Dec18	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															-	-0.05	-0.06	-0.06	-0.07

Yik Wo International 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-0.2 Mil.

Yik Wo International Holdings (HKSE:08659) 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.

Yik Wo International Holdings's Interest Expense for the three months ended in Dec. 2023 was HK$-0.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was HK$15.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was HK$4.6 Mil.

Yik Wo International Holdings'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	*	15.82	/	-0.067
	=	236.12

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. Yik Wo International Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Yik Wo International Holdings (HKSE:08659) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Yik Wo International Holdings Ltd (HKSE:08659) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wukeng Industrial Zone, Longhu Town, Fujian Province, Jinjiang, CHN

Website

https://www.yikwo.cn

Yik Wo International Holdings Ltd is engaged in the design and development, manufacturing and sales of disposable plastic food storage containers. The company's plastic containers are processed by high temperature hot-melt plastic injection moulding method with polypropylene resin or other thermoplastic materials. In terms of application, disposable plastic food storage containers can be divided into lunch boxes, fresh and preserved fruit containers, semi-food containers and others. It sells its products under JAZZIT brand. Its regular products feature with only one compartment; and customised products can store various kinds of food and beverage with its multi-compartment disposable plastic food storage containers. The group derives prime revenue from the PRC.

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