Power Assets Holdings (Power Assets Holdings) Interest Expense : $-18.3 Mil (TTM As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Power Assets Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Power Assets Holdings's interest expense for the six months ended in Dec. 2023 was $ -8.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-18.3 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. Power Assets Holdings's Operating Income for the six months ended in Dec. 2023 was $ 69.9 Mil. Power Assets Holdings's Interest Expense for the six months ended in Dec. 2023 was $ -8.6 Mil. Power Assets Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 8.15. 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.

Power Assets Holdings Interest Expense Historical Data

The historical data trend for Power Assets 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.

* Premium members only.

Power Assets Holdings Interest Expense Chart

Power Assets Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-12.30

-11.09

-16.03

-13.36

-18.31

Power Assets Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-7.95	-7.26	-6.04	-9.70	-8.58

Power Assets 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 semi-annually data reported by the company within the most recent 12 months, which was $-18.3 Mil.

Power Assets Holdings (OTCPK:HGKGY) 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.

Power Assets Holdings's Interest Expense for the six months ended in Dec. 2023 was $-8.6 Mil. Its Operating Income for the six months ended in Dec. 2023 was $69.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $396.7 Mil.

Power Assets 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	*	69.912	/	-8.579
	=	8.15

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

Power Assets Holdings (Power Assets Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Power Assets Holdings Ltd (OTCPK:HGKGY) » Definitions » Interest Expense

Traded in Other Exchanges

HGKGF:USA 00006:Hong Kong HEH:Germany

Address

2 Queen's Road Central, Unit 2005, 20th Floor, Cheung Kong Center, Hong Kong, HKG

Website

https://www.powerassets.com

Power Assets Holdings is an investment holding company with a focus on regulated utility assets. The firm owns a portfolio of regulated electricity and gas assets and similarly stable utilities in Hong Kong, the U.K., Australia, Canada, Europe, and New Zealand. Profit from its regulated assets make up around 80% of total income, with contribution from its U.K. and Australian assets totaling more than 60% of group profit. The firm is part of CK Hutchison Holdings, a Hong Kong-based multinational conglomerate, and is currently 36% owned by CK Infrastructure Holdings.