Hi Sun Technology (China) (Hi Sun Technology (China)) Interest Expense : $-0.5 Mil (TTM As of Dec. 2023)

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What is Hi Sun Technology (China) Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hi Sun Technology (China)'s interest expense for the six months ended in Dec. 2023 was $ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.5 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. Hi Sun Technology (China)'s Operating Income for the six months ended in Dec. 2023 was $ 4.7 Mil. Hi Sun Technology (China)'s Interest Expense for the six months ended in Dec. 2023 was $ -0.2 Mil. Hi Sun Technology (China)'s Interest Coverage for the quarter that ended in Dec. 2023 was 23.29. 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.

Hi Sun Technology (China) Interest Expense Historical Data

The historical data trend for Hi Sun Technology (China)'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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Hi Sun Technology (China) Interest Expense Chart

Hi Sun Technology (China) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.36

-0.30

-0.23

-0.19

-0.48

Hi Sun Technology (China) 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															-0.11	-0.12	-0.07	-0.28	-0.20

Hi Sun Technology (China) 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 $-0.5 Mil.

Hi Sun Technology (China) (OTCPK:HISNF) 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.

Hi Sun Technology (China)'s Interest Expense for the six months ended in Dec. 2023 was $-0.2 Mil. Its Operating Income for the six months ended in Dec. 2023 was $4.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $2.8 Mil.

Hi Sun Technology (China)'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	*	4.705	/	-0.202
	=	23.29

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

Hi Sun Technology (China) (Hi Sun Technology (China)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hi Sun Technology (China) Ltd (OTCPK:HISNF) » Definitions » Interest Expense

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00818:Hong Kong

Address

30 Harbour Road, Room 2515, 25th Floor, Sun Hung Kai Centre, Wanchai, HKG

Website

http://www.hisun.com.hk

Hi Sun Technology (China) Ltd has five operating segments: payment processing, financial solutions, electronic power meters, Information security chips & solutions, and platform operation solutions. The payment processing solutions segment is engaged in the provision of payment processing services, merchant recruiting, and related products and solutions. Financial solutions provide consulting, integration, and operation services of information technology products to financial institutions and banks. The firm manufactures electronic power meters primarily for the public sector. Platform operation solutions provide operational support for telecom and payment platform solutions. Its geographical segments are Mainland China and Hong Kong.

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