Asia Financial Holdings (Asia Financial Holdings) Interest Expense : $-0.0 Mil (TTM As of Dec. 2023)

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What is Asia Financial Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Asia Financial Holdings's interest expense for the six months ended in Dec. 2023 was $ -0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.0 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. Asia Financial Holdings's Operating Income for the six months ended in Dec. 2023 was $ 11.9 Mil. Asia Financial Holdings's Interest Expense for the six months ended in Dec. 2023 was $ -0.0 Mil. Asia Financial Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 988.42. 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.

Asia Financial Holdings Interest Expense Historical Data

The historical data trend for Asia Financial 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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Asia Financial Holdings Interest Expense Chart

Asia Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.52

-0.05

-0.01

-0.02

-0.01

Asia Financial 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															-0.01	-0.01	-0.01	-	-0.01

Asia Financial 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 $-0.0 Mil.

Asia Financial Holdings (GREY:AIFIF) 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.

Asia Financial Holdings's Interest Expense for the six months ended in Dec. 2023 was $-0.0 Mil. Its EBIT for the six months ended in Dec. 2023 was $11.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $0.5 Mil.

Asia Financial Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	11.861	/	-0.012
	=	988.42

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. Asia Financial Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Asia Financial Holdings (Asia Financial Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Asia Financial Holdings Ltd (GREY:AIFIF) » Definitions » Interest Expense

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00662:Hong Kong

Address

19 Des Voeux Road Central, 16th Floor, Worldwide House, Hong Kong, HKG

Website

https://www.afh.hk

Asia Financial Holdings Ltd operates in the financial services industry of Hong Kong. Its key offering is comprised of insurance products ranging from general insurance to life insurance, which is provided through its subsidiaries of China. The company's segment include the Insurance segment engages in the provision of the underwriting of general and life insurance; the Corporate segment engages in securities trading and holding and other businesses. Majority of the revenue is derived from Insurance segment. Its revenue is derived from operations carried out in Hong Kong, Macau and Mainland China.

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