China Education Group Holdings (HKSE:00839) Interest Expense : HK$-519 Mil (TTM As of Aug. 2023)

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What is China Education Group Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Education Group Holdings's interest expense for the six months ended in Aug. 2023 was HK$ -301 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2023 was HK$-519 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. China Education Group Holdings's Operating Income for the six months ended in Aug. 2023 was HK$ 1,335 Mil. China Education Group Holdings's Interest Expense for the six months ended in Aug. 2023 was HK$ -301 Mil. China Education Group Holdings's Interest Coverage for the quarter that ended in Aug. 2023 was 4.43. 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.

China Education Group Holdings Interest Expense Historical Data

The historical data trend for China Education Group 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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China Education Group Holdings Interest Expense Chart

China Education Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

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-95.22

-103.62

-194.68

-355.36

-506.38

China Education Group Holdings Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Interest Expense	Get a 7-Day Free Trial												-82.50	-165.98	-199.60	-218.04	-301.24

China Education Group 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 Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-519 Mil.

China Education Group Holdings (HKSE:00839) 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.

China Education Group Holdings's Interest Expense for the six months ended in Aug. 2023 was HK$-301 Mil. Its Operating Income for the six months ended in Aug. 2023 was HK$1,335 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Aug. 2023 was HK$7,631 Mil.

China Education Group Holdings's Interest Coverage for the quarter that ended in Aug. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Aug. 2023 )	/	Interest Expense (Q: Aug. 2023 )
	=	-1	*	1334.507	/	-301.236
	=	4.43

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

China Education Group Holdings (HKSE:00839) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Education Group Holdings Ltd (HKSE:00839) » Definitions » Interest Expense

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Traded in Other Exchanges

CEGHF:USA C3W:Germany

Address

18 Harbour Road, Suite 6703–04, 67th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

http://www.chinaeducation.hk

China Education Group Holdings Ltd is a leading ultra-large-scale private education group in China with 30 years of experience in higher education operations. CEG's schools offer both higher vocational education and secondary vocational education. The school network spans domestic China and overseas. CEG also offers continuing education to full-time working adults. The group's total enrolled full-time students in China expanded more than 3 times over the last six years to about 248,000 as of August 2023. The rapid growth is primarily attributable to school acquisitions. CEG currently operates 14 schools, up from only 3 in 2017.

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