Target Insurance (Holdings) (HKSE:06161) Interest Expense : HK$-12.89 Mil (TTM As of Jun. 2023)

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What is Target Insurance (Holdings) Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Target Insurance (Holdings)'s interest expense for the six months ended in Jun. 2023 was HK$ -12.89 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was HK$-12.89 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. Target Insurance (Holdings)'s Operating Income for the six months ended in Jun. 2023 was HK$ -7.26 Mil. Target Insurance (Holdings)'s Interest Expense for the six months ended in Jun. 2023 was HK$ -12.89 Mil. Target Insurance (Holdings) 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.

Target Insurance (Holdings) Interest Expense Historical Data

The historical data trend for Target Insurance (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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Target Insurance (Holdings) Interest Expense Chart

Target Insurance (Holdings) Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-1.75

-1.72

-3.93

-16.15

Target Insurance (Holdings) Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Interest Expense	Get a 7-Day Free Trial														-2.22	-5.81	-10.34	-11.83	-12.89

Target Insurance (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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-12.89 Mil.

Target Insurance (Holdings) (HKSE:06161) 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.

Target Insurance (Holdings)'s Interest Expense for the six months ended in Jun. 2023 was HK$-12.89 Mil. Its EBIT for the six months ended in Jun. 2023 was HK$-7.26 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was HK$0.00 Mil.

Target Insurance (Holdings)'s Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Target Insurance (Holdings) did not have earnings to cover the interest expense.

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

Target Insurance (Holdings) (HKSE:06161) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Target Insurance (Holdings) Ltd (HKSE:06161) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

181 Queen’s Road Central, Grand Millennium Plaza, 5th Floor, Low Block, Hong Kong, HKG

Website

http://www.targetinsholdings.com

Target Insurance (Holdings) Ltd is an investment company based in Hong Kong. It is principally engaged in writing motor insurance. The company offers insurance for the taxi, public light bus, and other motor vehicles. Its operating segments are Taxi, Public Light Bus, Other motor vehicles. The company earns revenue in the form of insurance premiums, dividend income, interest income, and others. It generates all of its revenue from Hong Kong.

Executives

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