Skyworth Group (Skyworth Group) Interest Expense : $-73 Mil (TTM As of Dec. 2023)

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What is Skyworth Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Skyworth Group's interest expense for the six months ended in Dec. 2023 was $ -34 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-73 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. Skyworth Group's Operating Income for the six months ended in Dec. 2023 was $ 245 Mil. Skyworth Group's Interest Expense for the six months ended in Dec. 2023 was $ -34 Mil. Skyworth Group's Interest Coverage for the quarter that ended in Dec. 2023 was 7.12. 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.

Skyworth Group Interest Expense Historical Data

The historical data trend for Skyworth 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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Skyworth Group Interest Expense Chart

Skyworth Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-69.01

-67.29

-72.38

-61.97

-73.11

Skyworth Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-35.01	-36.30	-27.11	-38.54	-34.45

Skyworth 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-73 Mil.

Skyworth Group (OTCPK:SWDHF) 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.

Skyworth Group's Interest Expense for the six months ended in Dec. 2023 was $-34 Mil. Its Operating Income for the six months ended in Dec. 2023 was $245 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $1,004 Mil.

Skyworth Group'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	*	245.371	/	-34.453
	=	7.12

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

Skyworth Group (Skyworth Group) Business Description

Industry

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Traded in Other Exchanges

00751:Hong Kong KYW:Germany

Address

20 Westlands Road, Rooms 1601-04 Westlands Centre, Quarry Bay, Hong Kong, HKG

Website

http://www.skyworth.com

Skyworth Group Ltd is principally engaged in the manufacture and sales of smart TV systems, home access systems, smart white appliances, intelligent manufacturing, internet value-added services, property development, property holding, photovoltaic products, modern services, and trading of other products. The company has four operating segments; Multimedia business, Smart systems technology business, New energy business, and Smart appliances business. The Group's operations are located in the PRC, Asia (other than the PRC), the Americas, Europe, Africa, and other regions and it derives a majority of its revenue from the People's Republic of China.