Polyard Petroleum International Group (HKSE:08011) Interest Expense : HK$-13.70 Mil (TTM As of Sep. 2022)

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What is Polyard Petroleum International Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Polyard Petroleum International Group's interest expense for the three months ended in Sep. 2022 was HK$ -1.96 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2022 was HK$-13.70 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. Polyard Petroleum International Group's Operating Income for the three months ended in Sep. 2022 was HK$ -1.42 Mil. Polyard Petroleum International Group's Interest Expense for the three months ended in Sep. 2022 was HK$ -1.96 Mil. Polyard Petroleum International Group 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.

Polyard Petroleum International Group Interest Expense Historical Data

The historical data trend for Polyard Petroleum International Group'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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Polyard Petroleum International Group Interest Expense Chart

Polyard Petroleum International Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-19.14

-16.54

-18.41

-28.48

-26.02

Polyard Petroleum International Group Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Expense	Get a 7-Day Free Trial															-6.59	-7.93	-1.91	-1.90	-1.96

Polyard Petroleum International Group 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-13.70 Mil.

Polyard Petroleum International Group (HKSE:08011) 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.

Polyard Petroleum International Group's Interest Expense for the three months ended in Sep. 2022 was HK$-1.96 Mil. Its Operating Income for the three months ended in Sep. 2022 was HK$-1.42 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2022 was HK$0.00 Mil.

Polyard Petroleum International Group's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Polyard Petroleum International Group did not have earnings to cover the interest expense.

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

Polyard Petroleum International Group (HKSE:08011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Polyard Petroleum International Group Ltd (HKSE:08011) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.2 Wing Yip Street, Unit 06, 4th Floor, Lu Plaza, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.ppig.com.hk

Polyard Petroleum International Group Ltd is engaged in the exploration, development, and production of oil and natural gas. The operating segments of the company are the exploration of oil, natural gas and coal, trading of petroleum-related products, and provision of technical services for oil and gas exploration and development.

Executives

He Rong Guo	2101 Beneficial owner
Silver Star Enterprises Holdings Inc.	2101 Beneficial owner
Guoxiang Holdings (hong Kong) Limited	2101 Beneficial owner
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
China Construction Bank Corporation	2201 Interest of corporation controlled by you
Li Suiqing	2201 Interest of corporation controlled by you
East Asia Oil Engineering Group Limited	2101 Beneficial owner
Inwood Support Limited	2201 Interest of corporation controlled by you
Lam Nam	2101 Beneficial owner

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