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Texhong International Group (FRA:T1TA) Interest Expense : €-65 Mil (TTM As of Jun. 2024)


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What is Texhong International Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Texhong International Group's interest expense for the six months ended in Jun. 2024 was € -31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-65 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. Texhong International Group's Operating Income for the six months ended in Jun. 2024 was € 80 Mil. Texhong International Group's Interest Expense for the six months ended in Jun. 2024 was € -31 Mil. Texhong International Group's Interest Coverage for the quarter that ended in Jun. 2024 was 2.60. 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.

Texhong International Group Interest Expense Historical Data

The historical data trend for Texhong International Group'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.

* Premium members only.

Texhong International Group Interest Expense Chart

Texhong International Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -58.69 -46.63 -28.75 -50.84 -69.92

Texhong International Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -13.57 -37.84 -36.17 -33.87 -30.97

Texhong International Group 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-65 Mil.

* 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.

Texhong International Group  (FRA:T1TA) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Texhong International Group's Interest Expense for the six months ended in Jun. 2024 was €-31 Mil. Its Operating Income for the six months ended in Jun. 2024 was €80 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €465 Mil.

Texhong International Group's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*80.377/-30.97
=2.60

* 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.

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

Texhong International Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Texhong International Group Ltd (FRA:T1TA) » Definitions » Interest Expense
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HKSE:02111 HKSE:01382 HKSE:00321 HKSE:01795 HKSE:00528 HKSE:00420 HKSE:03778 HKSE:08521 HKSE:08471 HKSE:00146 SHSE:600346 HKSE:02313 TSE:3402 SZSE:000301 TPE:1402 SZSE:000158 IST:SASA SHSE:601233 BOM:532889 SHSE:600295
Traded in Other Exchanges
02678:Hong Kong
Address
9 Hoi Shing Road, Room 03, 37th Floor, Cable TV Tower, Tsuen Wan, Hong Kong, HKG
Website
http://www.texhong.com
Texhong International Group Ltd produces and distributes yarns, grey fabrics, non-woven fabrics and garment fabrics as well as garments. The company generates majority of its revenue from yarn products, with the rest from fabrics and garments. The company operates mainly operates its business in China, Southeast Asia and the Americas.

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