Mainland Headwear Holdings (HKSE:01100) Interest Expense : HK$-15 Mil (TTM As of Dec. 2023)

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What is Mainland Headwear Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mainland Headwear Holdings's interest expense for the six months ended in Dec. 2023 was HK$ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-15 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. Mainland Headwear Holdings's Operating Income for the six months ended in Dec. 2023 was HK$ 28 Mil. Mainland Headwear Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$ -6 Mil. Mainland Headwear Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 4.33. 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.

Mainland Headwear Holdings Interest Expense Historical Data

The historical data trend for Mainland Headwear 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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Mainland Headwear Holdings Interest Expense Chart

Mainland Headwear Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-8.88

-11.14

-7.69

-13.65

-15.28

Mainland Headwear Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-3.77	-4.86	-8.79	-8.89	-6.39

Mainland Headwear 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-15 Mil.

Mainland Headwear Holdings (HKSE:01100) 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.

Mainland Headwear Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-6 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$28 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$48 Mil.

Mainland Headwear Holdings'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	*	27.689	/	-6.39
	=	4.33

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

Mainland Headwear Holdings (HKSE:01100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mainland Headwear Holdings Ltd (HKSE:01100) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Sheung Yuet Road, Rooms 2301–2305, 23rd Floor, FTLife Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

http://www.mainland.com.hk

Mainland Headwear Holdings Ltd is an investment holding company. The group is mainly engaged in the design, manufacture, and retail of quality casual headwear. The firm operates in two segments including Manufacturing and Trading. In the Manufacturing segment, it manufactures headwear products for sale to its Trading and Retail Business as well as to external customers. The trading segment includes trading and distribution of headwear, apparel, small leather goods, bags and accessories. The firm sells its products in overseas countries with the US as the main market, followed by the European market. The key revenue is derived from the Manufacturing segment.

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