Lonking Holdings (HKSE:03339) Interest Expense : HK$-49 Mil (TTM As of Dec. 2023)

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What is Lonking Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lonking Holdings's interest expense for the six months ended in Dec. 2023 was HK$ -27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-49 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. Lonking Holdings's Operating Income for the six months ended in Dec. 2023 was HK$ 543 Mil. Lonking Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$ -27 Mil. Lonking Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 20.42. 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.

Lonking Holdings Interest Expense Historical Data

The historical data trend for Lonking 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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Lonking Holdings Interest Expense Chart

Lonking Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-44.64

-15.27

-12.50

-20.99

-48.65

Lonking 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															6.94	-9.26	-12.18	-22.06	-26.59

Lonking 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$-49 Mil.

Lonking Holdings (HKSE:03339) 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.

Lonking Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-27 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$543 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$0 Mil.

Lonking 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	*	542.906	/	-26.592
	=	20.42

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

Lonking Holdings (HKSE:03339) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lonking Holdings Ltd (HKSE:03339) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

C9IB:Germany C9IB:Germany

Address

No. 26 Mingyi Road, Xinqiao, Songjiang Industrial, Shanghai, CHN, 201612

Website

https://www.lonking.cn

Lonking Holdings Ltd is a construction and logistics machinery manufacturers in China. It produces wheel loaders, excavators, road rollers, forklifts, and other heavy equipment. In addition, the company supplies individual components, including gearboxes, converters, axles, and hydraulic components. Lonking Holdings has three operating segments: Sale of construction machinery (majority of total revenue), Finance lease of construction machinery, and Financial investment. Used equipment and leasing solutions help extend offerings and pinpoint the correct solution for each customer. Trained technicians provide aftermarket services and parts to maximize equipment efficiency. The majority of sales are derived from China.

Executives

Li San Yim	2202 Interest of your spouse
Ngai Ngan Ying	2201 Interest of corporation controlled by you
Citigroup Inc.	2502 Approved lending agent
Ngai Ngan Ying	2101 Beneficial owner

Lonking Holdings (HKSE:03339) Headlines

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