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China Pipe Group (HKSE:00380) Interest Expense : HK$-6.8 Mil (TTM As of Jun. 2024)


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What is China Pipe Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Pipe Group's interest expense for the six months ended in Jun. 2024 was HK$ -3.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-6.8 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. China Pipe Group's Operating Income for the six months ended in Jun. 2024 was HK$ 44.1 Mil. China Pipe Group's Interest Expense for the six months ended in Jun. 2024 was HK$ -3.3 Mil. China Pipe Group's Interest Coverage for the quarter that ended in Jun. 2024 was 13.55. 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.

China Pipe Group Interest Expense Historical Data

The historical data trend for China Pipe 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.

China Pipe Group Interest Expense Chart

China Pipe 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 -8.47 -6.87 -5.84 -5.93 -6.74

China Pipe 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 -2.75 -3.17 -3.18 -3.56 -3.26

China Pipe 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 HK$-6.8 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.

China Pipe Group  (HKSE:00380) 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.

China Pipe Group's Interest Expense for the six months ended in Jun. 2024 was HK$-3.3 Mil. Its Operating Income for the six months ended in Jun. 2024 was HK$44.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was HK$44.8 Mil.

China Pipe 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*44.12/-3.255
=13.55

* 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.

China Pipe Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Pipe Group Ltd (HKSE:00380) » Definitions » Interest Expense
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HKSE:00513 HKSE:01759 HKSE:01039 HKSE:00125 HKSE:00984 HKSE:08473 HKSE:00162 HKSE:00312 HKSE:00814 HKSE:02528 HD LOW ASX:WES FND LSE:KGF XKLS:5296 BKK:HMPRO BKK:GLOBAL HAM:HBM ARHS
Traded in Other Exchanges
N/A
Address
193 Prince Edward Road West, Tower II, Unit 1010-1016, Level 10, Grand Century Place, Mongkok, Kowloon, Hong Kong, HKG
Website
http://www.softpower.hk
China Pipe Group Ltd is principally engaged in the trading of construction materials, mainly pipes, and fittings. It is engaged in the segment of Trading of pipes and fittings. It includes wholesale, retail, and logistics operations substantially in Hong Kong and Macau. The company derives revenue from Hong Kong, Macau, and Mainland China, of which prime revenue is derived from Hong Kong.
Executives
Lai Guanglin 2101 Beneficial owner
Singapore Zhongxin Investment Company Limited 2101 Beneficial owner
Li Juan 2202 Interest of your spouse
Lai Guanglin 2201 Interest of corporation controlled by you
Qu Zhi 2101 Beneficial owner

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