Hong Kong Resources Holdings Co (HKSE:02882) Interest Expense : HK$-105.6 Mil (TTM As of Dec. 2023)

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What is Hong Kong Resources Holdings Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hong Kong Resources Holdings Co's interest expense for the six months ended in Dec. 2023 was HK$ -60.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-105.6 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. Hong Kong Resources Holdings Co's Operating Income for the six months ended in Dec. 2023 was HK$ -36.6 Mil. Hong Kong Resources Holdings Co's Interest Expense for the six months ended in Dec. 2023 was HK$ -60.4 Mil. Hong Kong Resources Holdings Co 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.

Hong Kong Resources Holdings Co Interest Expense Historical Data

The historical data trend for Hong Kong Resources Holdings Co'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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Hong Kong Resources Holdings Co Interest Expense Chart

Hong Kong Resources Holdings Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-79.34

-81.66

-46.61

-42.25

-79.03

Hong Kong Resources Holdings Co 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															-25.58	-16.67	-33.84	-45.19	-60.45

Hong Kong Resources Holdings Co 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$-105.6 Mil.

Hong Kong Resources Holdings Co (HKSE:02882) 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.

Hong Kong Resources Holdings Co's Interest Expense for the six months ended in Dec. 2023 was HK$-60.4 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$-36.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$108.1 Mil.

Hong Kong Resources Holdings Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Hong Kong Resources Holdings Co did not have earnings to cover the interest expense.

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

Hong Kong Resources Holdings Co (HKSE:02882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hong Kong Resources Holdings Co Ltd (HKSE:02882) » Definitions » Interest Expense

Traded in Other Exchanges

HKRHF:USA

Address

No.89 Queensway, Tower One, Room 2306, 23/F, Lippo Centre, Hong Kong, HKG

Website

http://www.hkrh.hk

Hong Kong Resources Holdings Co Ltd is principally engaged in retailing, through self-operated points of sale as well as franchising of gold and jewellery products. The business operates in segments that include Retail sales and franchising operations for selling gold and jewellery products in Mainland China, which generates the majority of revenue, Retail sales operations for selling gold and jewellery products in Hong Kong and Macau and Wholesales and subcontracting operations for gold and jewellery products in Mainland China and New media marketing service business in Mainland China.

Executives

Cheung Irene	2202 Interest of your spouse
Wong Ho Lung, Danny	2305 Beneficiary of a trust
Wong Lan Sze, Nancy	2305 Beneficiary of a trust
Luk Chui Yee	2307 Founder of a discretionary trust who can infl
Wong Wai Sheung	2307 Founder of a discretionary trust who can infl
Luk Fook 3d Investment Holding Company Limited	2101 Beneficial owner
Luk Fook Holdings (international) Limited	2201 Interest of corporation controlled by you
Bos Trustee Limited As Trustee	2201 Interest of corporation controlled by you
Lf Holding Services Limited	2201 Interest of corporation controlled by you
Luk Fook (control) Limited	2201 Interest of corporation controlled by you
Hao Yuan Yuan	2201 Interest of corporation controlled by you
Well Pop Group Limited	2101 Beneficial owner
Wang Chaoguang	2201 Interest of corporation controlled by you
Li Ning	2201 Interest of corporation controlled by you
Eminent Rise Holdings Limited	2101 Beneficial owner

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