OKG Technology Holdings (HKSE:01499) Interest Expense

: HK$-4.6 Mil (TTM As of Sep. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. OKG Technology Holdings's interest expense for the six months ended in Sep. 2023 was HK$ -1.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-4.6 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. OKG Technology Holdings's Operating Income for the six months ended in Sep. 2023 was HK$ -13.6 Mil. OKG Technology Holdings's Interest Expense for the six months ended in Sep. 2023 was HK$ -1.9 Mil. OKG Technology Holdings 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.

OKG Technology Holdings Interest Expense Historical Data

The historical data trend for OKG Technology 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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OKG Technology Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

-6.87

-9.13

-7.93

-5.44

-5.60

OKG Technology Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense															-3.09	-2.35	-2.94	-2.66	-1.93

OKG Technology 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-4.6 Mil.

OKG Technology Holdings (HKSE:01499) 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.

OKG Technology Holdings's Interest Expense for the six months ended in Sep. 2023 was HK$-1.9 Mil. Its Operating Income for the six months ended in Sep. 2023 was HK$-13.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was HK$0.1 Mil.

OKG Technology Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

OKG Technology Holdings did not have earnings to cover the interest expense.

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. OKG Technology Holdings Ltd interest coverage is 1.85, which is low.

OKG Technology Holdings (HKSE:01499) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » OKG Technology Holdings Ltd (HKSE:01499) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

255-257 Gloucester Road, Unit 902-903, 9th Floor, Sino Plaza, Causeway Bay, Hong Kong, HKG

Website

https://www.okg.com.hk

OKG Technology Holdings Ltd provides engineering and building services to the construction sector. The company's operating segment includes Construction waste handling services; Foundation, building construction works and ancillary services; Technical services; Digital assets related businesses; and Other businesses. It generates maximum revenue from the Foundation, building construction works, and ancillary services segment. Geographically, it derives a majority of its revenue from Hong Kong.

OKG Technology Holdings (HKSE:01499) Headlines

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