Able Engineering Holdings (HKSE:01627) Interest Expense : HK$-32 Mil (TTM As of Sep. 2023)

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What is Able Engineering Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Able Engineering Holdings's interest expense for the six months ended in Sep. 2023 was HK$ -15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-32 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. Able Engineering Holdings's Operating Income for the six months ended in Sep. 2023 was HK$ 73 Mil. Able Engineering Holdings's Interest Expense for the six months ended in Sep. 2023 was HK$ -15 Mil. Able Engineering Holdings's Interest Coverage for the quarter that ended in Sep. 2023 was 4.84. 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.

Able Engineering Holdings Interest Expense Historical Data

The historical data trend for Able Engineering 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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Able Engineering Holdings Interest Expense Chart

Able Engineering Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.53

-1.32

-8.35

-11.51

-24.51

Able Engineering Holdings Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial													-5.37	-6.13	-7.46	-17.05	-15.00

Able Engineering 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$-32 Mil.

Able Engineering Holdings (HKSE:01627) 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.

Able Engineering Holdings's Interest Expense for the six months ended in Sep. 2023 was HK$-15 Mil. Its Operating Income for the six months ended in Sep. 2023 was HK$73 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was HK$484 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	72.565	/	-14.998
	=	4.84

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

Able Engineering Holdings (HKSE:01627) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Able Engineering Holdings Ltd (HKSE:01627) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

No. 155 Waterloo Road, Kowloon Tong, Kowloon, Hong Kong, HKG

Website

https://www.ableeng.com.hk

Able Engineering Holdings Ltd is engaged in building construction and repair, maintenance, alteration, and addition (RMAA) . The company is engaged in the construction and renovation of residential buildings, the design and construction of government facilities, skeleton fabrication, school reconstruction, public rental housing construction, and public housing construction. The company's projects include Project A9 in Kowloon City, project A10 in Tai Lam, project A11 in Ho Man Tin, project A12 in Repulse Bay, and others. Geographically, it derives revenue from Hong Kong.

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