Sino Oil and Gas Holdings (HKSE:00702) Interest Expense : HK$-263.4 Mil (TTM As of Dec. 2023)

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What is Sino Oil and Gas Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sino Oil and Gas Holdings's interest expense for the six months ended in Dec. 2023 was HK$ -131.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-263.4 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. Sino Oil and Gas Holdings's Operating Income for the six months ended in Dec. 2023 was HK$ 83.1 Mil. Sino Oil and Gas Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$ -131.1 Mil. Sino Oil and Gas Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 0.63. 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.

Sino Oil and Gas Holdings Interest Expense Historical Data

The historical data trend for Sino Oil and Gas 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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Sino Oil and Gas Holdings Interest Expense Chart

Sino Oil and Gas Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-238.72

-197.75

-230.80

-238.87

-263.36

Sino Oil and Gas 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															-115.33	-128.77	-110.10	-132.27	-131.10

Sino Oil and Gas 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 HK$-263.4 Mil.

Sino Oil and Gas Holdings (HKSE:00702) 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.

Sino Oil and Gas Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-131.1 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$83.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$367.9 Mil.

Sino Oil and Gas Holdings'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	*	83.051	/	-131.096
	=	0.63

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Sino Oil and Gas Holdings Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Sino Oil and Gas Holdings (HKSE:00702) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Sino Oil and Gas Holdings Ltd (HKSE:00702) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

188 Connaught Road West, Room 3710, 37th Floor, Hong Kong Plaza, Hong Kong, HKG

Website

https://www.sino-oilgas.hk

Sino Oil and Gas Holdings Ltd is an investment holding company. It operates in four segments, namely Coalbed methane, which includes exploration, development, and production of coalbed methane; Raw & cleaned coal, which consists of raw coal washing and sale of raw and cleaned coal; Oil and gas exploitation segment is into exploitation and sale of crude oil and natural gas; and Financial Services. The group generates majority of its revenues from Raw and cleaned coal segment. It geographically earns revenues from the People's Republic of China.

Executives

China Lidai International Asset Investment Limited	2101 Beneficial owner
Top Resource & Lidai Investment Limited	2101 Beneficial owner
Dai Xiaobing	2201 Interest of corporation controlled by you
Tian Hao Neng Yuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Hua Rong Hua Qiao Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
China Huarong (macau) International Company Limited	2201 Interest of corporation controlled by you
Chen Jiajun
Liang Da Tou Zi You Xian Gong Si
Sino Oil And Gas Resources Limited
Lai Chun Lam
Zhang Victor Ri Chun
Zhuo Kun	2101 Beneficial owner
Zhang Yongdong	2101 Beneficial owner

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