Hong Kong and China Gas Co (Hong Kong and China Gas Co) Interest Expense : $-283 Mil (TTM As of Dec. 2023)

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What is Hong Kong and China Gas Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hong Kong and China Gas Co's interest expense for the six months ended in Dec. 2023 was $ -148 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-283 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 and China Gas Co's Operating Income for the six months ended in Dec. 2023 was $ 434 Mil. Hong Kong and China Gas Co's Interest Expense for the six months ended in Dec. 2023 was $ -148 Mil. Hong Kong and China Gas Co's Interest Coverage for the quarter that ended in Dec. 2023 was 2.93. 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 and China Gas Co Interest Expense Historical Data

The historical data trend for Hong Kong and China Gas Co'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 and China Gas Co Interest Expense Chart

Hong Kong and China Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-157.65

-163.65

-180.56

-228.09

-283.57

Hong Kong and China Gas Co 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															-98.33	-102.25	-125.02	-134.98	-148.19

Hong Kong and China Gas Co 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 $-283 Mil.

Hong Kong and China Gas Co (OTCPK:HOKCY) 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 and China Gas Co's Interest Expense for the six months ended in Dec. 2023 was $-148 Mil. Its Operating Income for the six months ended in Dec. 2023 was $434 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $5,286 Mil.

Hong Kong and China Gas Co'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	*	433.596	/	-148.186
	=	2.93

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

Hong Kong and China Gas Co (Hong Kong and China Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hong Kong and China Gas Co Ltd (OTCPK:HOKCY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

HOKCF:USA 00003:Hong Kong HCG:Germany

Address

363 Java Road, 23rd Floor, North Point, Hong Kong, HKG

Website

http://www.towngas.com

Hong Kong and China Gas Co Ltd, is the oldest public utility company in Hong Kong. The company's core business comprises the production and distribution of town gas in Hong Kong, with a monopoly on distribution and retail. In the mainland, the company has a gas distribution business with 267 projects across 26 provinces. HKCG is also investing in water, upstream gas, and new energies. The business mix is approximately 90% gas utilities and 10% new energy. HKCG also holds a 15.8% stake in International Financial Center, a Grade A office building in the Hong Kong central business district.

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