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Apex Ace Holding (HKSE:06036) Interest Expense : HK$-47 Mil (TTM As of Jun. 2024)


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What is Apex Ace Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Apex Ace Holding's interest expense for the six months ended in Jun. 2024 was HK$ -26 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-47 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. Apex Ace Holding's Operating Income for the six months ended in Jun. 2024 was HK$ 20 Mil. Apex Ace Holding's Interest Expense for the six months ended in Jun. 2024 was HK$ -26 Mil. Apex Ace Holding's Interest Coverage for the quarter that ended in Jun. 2024 was 0.78. 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.


Apex Ace Holding Interest Expense Historical Data

The historical data trend for Apex Ace Holding'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.

* Premium members only.

Apex Ace Holding Interest Expense Chart

Apex Ace Holding Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.12 -6.64 -9.58 -19.97 -35.32

Apex Ace Holding Semi-Annual Data
Dec14 Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.86 -12.11 -14.37 -20.96 -25.82

Apex Ace Holding 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-47 Mil.

* 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.


Apex Ace Holding  (HKSE:06036) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Apex Ace Holding's Interest Expense for the six months ended in Jun. 2024 was HK$-26 Mil. Its Operating Income for the six months ended in Jun. 2024 was HK$20 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was HK$21 Mil.

Apex Ace Holding's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*20.084/-25.819
=0.78

* 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.

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


Apex Ace Holding Business Description

Traded in Other Exchanges
N/A
Address
6011 Shennan Avenue, 26K, NEO Tower A, Futian District, Shenzhen, CHN
Apex Ace Holding Ltd is a distributor of semiconductors and other electronic components and is engaged in the supply of digital storage products and general electronic components along with the provision of complementary technical support. It focuses on identifying, sourcing, selling and distributing electronic components produced by upstream manufacturers to downstream manufacturers in the Mainland China and Hong Kong. Its Digital Storage products include DRAM, FLASH and MCP memory products, which are applied to multimedia and mobile devices such as set-top boxes, smart TVs, wearable devices, mobile phones. Its General components include switches, connectors, passive components, main chips, sensors, power semiconductors and analog-to-digital converters.
Executives
Best Sheen Limited 2101 Beneficial owner
Nicegoal Limited 2101 Beneficial owner
Lee Bing Kwong 2201 Interest of corporation controlled by you
Lo Yuen Lai 2202 Interest of your spouse

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