Wan Cheng Metal Packaging Co (HKSE:08291) Interest Expense : HK$-3.37 Mil (TTM As of Dec. 2023)

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What is Wan Cheng Metal Packaging Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wan Cheng Metal Packaging Co's interest expense for the three months ended in Dec. 2023 was HK$ -2.10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-3.37 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. Wan Cheng Metal Packaging Co's Operating Income for the three months ended in Dec. 2023 was HK$ -9.93 Mil. Wan Cheng Metal Packaging Co's Interest Expense for the three months ended in Dec. 2023 was HK$ -2.10 Mil. Wan Cheng Metal Packaging 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.

Wan Cheng Metal Packaging Co Interest Expense Historical Data

The historical data trend for Wan Cheng Metal Packaging 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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Wan Cheng Metal Packaging Co Interest Expense Chart

Wan Cheng Metal Packaging Co Annual Data

Trend

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Dec23

Interest Expense

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-3.33

-8.11

-10.76

-5.23

-3.36

Wan Cheng Metal Packaging Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.60	-0.44	-0.42	-0.41	-2.10

Wan Cheng Metal Packaging 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 quarterly data reported by the company within the most recent 12 months, which was HK$-3.37 Mil.

Wan Cheng Metal Packaging Co (HKSE:08291) 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.

Wan Cheng Metal Packaging Co's Interest Expense for the three months ended in Dec. 2023 was HK$-2.10 Mil. Its Operating Income for the three months ended in Dec. 2023 was HK$-9.93 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was HK$101.45 Mil.

Wan Cheng Metal Packaging Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Wan Cheng Metal Packaging Co did not have earnings to cover the interest expense.

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

Wan Cheng Metal Packaging Co (HKSE:08291) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Wan Cheng Metal Packaging Co Ltd (HKSE:08291) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

No. 3 Huada Road, Ronggui Street, Hi-tech Industrial Development Zone, Shunde District, Guangdong Province, Foshan, CHN

Website

http://www.wanchengholdings.com

Wan Cheng Metal Packaging Co Ltd is an investment holding company. It is a manufacturer of tinplate packaging products including tin cans and steel pails. The group operates in one operating segment which is the manufacturing and sales of tinplate packaging products in China. It derives the majority of its geographical revenues from China.

Executives

Liang Zhimei	2101 Beneficial owner
Zhang Zhiwei	2101 Beneficial owner
Liang Jianxun	2101 Beneficial owner
Liang Yingjun	2202 Interest of your spouse
Fortune Time Enterprises Limited
Liang Sharina
Century Great Investments Limited
Liang Jianheng
Liang Yingjun
Law Sai Hung

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