Ares Asia (HKSE:00645) Interest Expense : HK$-0.1 Mil (TTM As of Sep. 2023)

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What is Ares Asia Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ares Asia's interest expense for the six months ended in Sep. 2023 was HK$ -0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-0.1 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. Ares Asia's Operating Income for the six months ended in Sep. 2023 was HK$ -4.3 Mil. Ares Asia's Interest Expense for the six months ended in Sep. 2023 was HK$ -0.0 Mil. Ares Asia 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.

Ares Asia Interest Expense Historical Data

The historical data trend for Ares Asia'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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Ares Asia Interest Expense Chart

Ares Asia Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-6.72

-4.51

-2.20

-1.57

-0.14

Ares Asia Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-1.28	-0.28	-0.08	-0.06	-0.04

Ares Asia 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-0.1 Mil.

Ares Asia (HKSE:00645) 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.

Ares Asia's Interest Expense for the six months ended in Sep. 2023 was HK$-0.0 Mil. Its Operating Income for the six months ended in Sep. 2023 was HK$-4.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was HK$0.0 Mil.

Ares Asia's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Ares Asia did not have earnings to cover the interest expense.

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

Ares Asia (HKSE:00645) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Ares Asia Ltd (HKSE:00645) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

1 Austin Road West, Unit No. 9608, Level 96, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

http://www.aresasialtd.com

Ares Asia Ltd is an investment holding company. The group is principally engaged in the business of coal trading, entailing the selling of coal purchased from various countries to Mainland China and other commodities trading, which encompasses supply chain management and risk management service. Its business falls under the primary segment of Coal and other trading. Geographically, the group has a business presence in Mainland China, Hong Kong, and other countries, of which maximum revenue is derived from Mainland China.

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