Hong Kong Exchanges and Clearing (Hong Kong Exchanges and Clearing) Interest Expense : $-1,172 Mil (TTM As of Dec. 2023)

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What is Hong Kong Exchanges and Clearing Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hong Kong Exchanges and Clearing's interest expense for the three months ended in Dec. 2023 was $ -767 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1,172 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. Hong Kong Exchanges and Clearing's Operating Income for the three months ended in Dec. 2023 was $ 241 Mil. Hong Kong Exchanges and Clearing's Interest Expense for the three months ended in Dec. 2023 was $ -767 Mil. Hong Kong Exchanges and Clearing's Interest Coverage for the quarter that ended in Dec. 2023 was 0.31. 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.

Hong Kong Exchanges and Clearing Interest Expense Historical Data

The historical data trend for Hong Kong Exchanges and Clearing'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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Hong Kong Exchanges and Clearing Interest Expense Chart

Hong Kong Exchanges and Clearing Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-175.92

-61.53

-18.85

-302.88

-780.43

Hong Kong Exchanges and Clearing Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-4.46	-396.66	-4.09	-767.37	-3.84

Hong Kong Exchanges and Clearing 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 $-1,172 Mil.

Hong Kong Exchanges and Clearing (OTCPK:HKXCY) 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.

Hong Kong Exchanges and Clearing's Interest Expense for the three months ended in Dec. 2023 was $-767 Mil. Its Operating Income for the three months ended in Dec. 2023 was $241 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $171 Mil.

Hong Kong Exchanges and Clearing'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	*	240.851	/	-767.369
	=	0.31

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

Hong Kong Exchanges and Clearing (Hong Kong Exchanges and Clearing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hong Kong Exchanges and Clearing Ltd (OTCPK:HKXCY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

HKXCF:USA 00388:Hong Kong HK2C:Germany

Address

8 Connaught Place, 8th Floor, Two Exchange Square, Central, Hong Kong, HKG

Website

https://www.hkexgroup.com

Hong Kong Exchanges and Clearing is a vertically integrated securities exchange business offering listing, data, trading, clearing and settlement services across equities, debt and derivatives. HKEx, like Hong Kong itself, functions as a gateway between China and the rest of the world. HKEx serves as a preferred listing venue for Chinese companies outside of China and, through the Connect Scheme, offers two-way trading for a growing group of financial products with the Shanghai Stock Exchange and the Shenzhen Stock Exchange.