Renaissance Asia Silk Road Group (HKSE:00274) Interest Expense : HK$-37.1 Mil (TTM As of Jun. 2023)

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What is Renaissance Asia Silk Road Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Renaissance Asia Silk Road Group's interest expense for the six months ended in Jun. 2023 was HK$ -25.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was HK$-37.1 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. Renaissance Asia Silk Road Group's Operating Income for the six months ended in Jun. 2023 was HK$ -10.8 Mil. Renaissance Asia Silk Road Group's Interest Expense for the six months ended in Jun. 2023 was HK$ -25.7 Mil. Renaissance Asia Silk Road Group 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.

Renaissance Asia Silk Road Group Interest Expense Historical Data

The historical data trend for Renaissance Asia Silk Road 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.

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Renaissance Asia Silk Road Group Interest Expense Chart

Renaissance Asia Silk Road Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-21.48

-43.82

-53.37

-51.22

-37.07

Renaissance Asia Silk Road Group 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															-18.22	-23.11	-28.11	-25.66	-11.41

Renaissance Asia Silk Road 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-37.1 Mil.

Renaissance Asia Silk Road Group (HKSE:00274) 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.

Renaissance Asia Silk Road Group's Interest Expense for the six months ended in Jun. 2023 was HK$-25.7 Mil. Its Operating Income for the six months ended in Jun. 2023 was HK$-10.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was HK$9.8 Mil.

Renaissance Asia Silk Road Group's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Renaissance Asia Silk Road Group did not have earnings to cover the interest expense.

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

Renaissance Asia Silk Road Group (HKSE:00274) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Renaissance Asia Silk Road Group Ltd (HKSE:00274) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Room 1208, 12th Floor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.rasr.com.hk

Renaissance Asia Silk Road Group Ltd, formerly China Billion Resources Ltd is an investment holding company. It operates through three operating segments: Mining Products, which generates the majority of revenue; Moneylending; and Trading & wholesale. The Mining Products segment engages in gold mining, exploration, and trading of gold products. The Money Lending business segment provides money lending services. The Trading & wholesale segment is engaged in the trading of coal and wholesale & trading of frozen meat. Its geographical segments are Hong Kong and China, of which the majority of its revenue comes from China.

Executives

Zhang Jiaxin	2101 Beneficial owner
Reconstruction Capital Group Limited	2101 Beneficial owner
Sun Guiling	2201 Interest of corporation controlled by you
Wang Song	2201 Interest of corporation controlled by you
Excellent Shine Capital Limited	2101 Beneficial owner
Wang Huimin	2201 Interest of corporation controlled by you
Du Huiyan	2201 Interest of corporation controlled by you
China Zhongsheng Investment Limited	2101 Beneficial owner
Xu Huiqiang	2201 Interest of corporation controlled by you
Wang Yajun	2201 Interest of corporation controlled by you
Everbright Fortune Company Limited	2101 Beneficial owner
Mu Yongjie	2101 Beneficial owner
Ng Chikong	2101 Beneficial owner
Wang Juan	2101 Beneficial owner
Li Tiejian	2101 Beneficial owner

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