Sinotruk (Hong Kong) (Sinotruk (Hong Kong)) Interest Expense : $-4 Mil (TTM As of Jun. 2023)

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What is Sinotruk (Hong Kong) Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sinotruk (Hong Kong)'s interest expense for the six months ended in Jun. 2023 was $ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-4 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. Sinotruk (Hong Kong)'s Operating Income for the six months ended in Jun. 2023 was $ 419 Mil. Sinotruk (Hong Kong)'s Interest Expense for the six months ended in Jun. 2023 was $ -3 Mil. Sinotruk (Hong Kong)'s Interest Coverage for the quarter that ended in Jun. 2023 was 127.66. 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.

Sinotruk (Hong Kong) Interest Expense Historical Data

The historical data trend for Sinotruk (Hong Kong)'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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Sinotruk (Hong Kong) Interest Expense Chart

Sinotruk (Hong Kong) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-20.15

-4.95

-1.79

-1.35

-4.12

Sinotruk (Hong Kong) 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															-0.78	-0.82	-0.56	-3.29	-0.82

Sinotruk (Hong Kong) 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-4 Mil.

Sinotruk (Hong Kong) (OTCPK:SHKLY) 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.

Sinotruk (Hong Kong)'s Interest Expense for the six months ended in Jun. 2023 was $-3 Mil. Its Operating Income for the six months ended in Jun. 2023 was $419 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was $3 Mil.

Sinotruk (Hong Kong)'s Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	419.489	/	-3.286
	=	127.66

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. Sinotruk (Hong Kong) Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Sinotruk (Hong Kong) (Sinotruk (Hong Kong)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sinotruk (Hong Kong) Ltd (OTCPK:SHKLY) » Definitions » Interest Expense

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SHKLF:USA 03808:Hong Kong 4SK:Germany

Address

No. 777 Hua’ao Road, Sinotruk Tower, Innovation Zone, Gaoxin District, Shandong Province, Ji’nan, CHN, 250101

Website

http://www.sinotruk.com

Sinotruk (Hong Kong) Ltd is an investment holding company. The company manages its business in four segments: Heavy Duty Trucks, which includes manufacture and sale of heavy-duty trucks, medium-heavy duty trucks, and related components; Light Duty Trucks & Others, which manufacture and sell of light-duty trucks, buses, etc. and related components; Engines segment manufactures engines & related parts; and Finance Segment. The vast majority of its revenue comes from the Heavy-duty trucks segment. Its geographical segments are Mainland China and Overseas.

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