Newton Resources (HKSE:01231) Interest Expense : HK$-8 Mil (TTM As of Dec. 2023)

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What is Newton Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Newton Resources's interest expense for the six months ended in Dec. 2023 was HK$ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-8 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. Newton Resources's Operating Income for the six months ended in Dec. 2023 was HK$ -1 Mil. Newton Resources's Interest Expense for the six months ended in Dec. 2023 was HK$ -5 Mil. Newton Resources did not have earnings to cover the interest expense. 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.

Newton Resources Interest Expense Historical Data

The historical data trend for Newton Resources'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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Newton Resources Interest Expense Chart

Newton Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-22.91

-13.43

-7.85

-5.78

-7.72

Newton Resources 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															-3.56	-3.50	-2.30	-3.04	-4.69

Newton Resources 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$-8 Mil.

Newton Resources (HKSE:01231) 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.

Newton Resources's Interest Expense for the six months ended in Dec. 2023 was HK$-5 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$-1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$0 Mil.

Newton Resources's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Newton Resources did not have earnings to cover the interest expense.

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

Newton Resources (HKSE:01231) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Newton Resources Ltd (HKSE:01231) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

248 Queen's Road East, Units 4204-05, 42/Floor, Dah Sing Financial Centre, Wan Chai, HKG

Website

https://www.newton-resources.com

Newton Resources Ltd is engaged in trading of iron ore and other commodities. The company recognized revenue derived from sales of iron ore products and other commodities from Mainland China and Other countries.

Executives

Cheng Yu Tung Family (holdings Ii) Limited	2201 Interest of corporation controlled by you
Cheng Yu Tung Family (holdings) Limited	2201 Interest of corporation controlled by you
Chow Tai Fook (holding) Limited	2201 Interest of corporation controlled by you
Chow Tai Fook Capital Limited	2201 Interest of corporation controlled by you
Chow Tai Fook Enterprises Limited	2201 Interest of corporation controlled by you
Century Acquisition Limited	2201 Interest of corporation controlled by you
Nws Holdings Limited	2201 Interest of corporation controlled by you
New World Development Company Limited	2201 Interest of corporation controlled by you
Faithful Boom Investments Limited	2101 Beneficial owner
Modern Global Holdings Limited	2201 Interest of corporation controlled by you
Nws Mining Limited	2201 Interest of corporation controlled by you
Nws Resources Limited	2201 Interest of corporation controlled by you
Perfect Move Limited	2201 Interest of corporation controlled by you
Vms Investment Group Limited	2101 Beneficial owner
Fast Fortune Holdings Limited	2101 Beneficial owner

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