Minerva Group Holding (HKSE:00397) Interest Expense : HK$-1.00 Mil (TTM As of Dec. 2023)

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What is Minerva Group Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Minerva Group Holding's interest expense for the six months ended in Dec. 2023 was HK$ -0.47 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-1.00 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. Minerva Group Holding's Operating Income for the six months ended in Dec. 2023 was HK$ 13.22 Mil. Minerva Group Holding's Interest Expense for the six months ended in Dec. 2023 was HK$ -0.47 Mil. Minerva Group Holding's Interest Coverage for the quarter that ended in Dec. 2023 was 28.18. 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.

Minerva Group Holding Interest Expense Historical Data

The historical data trend for Minerva Group Holding'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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Minerva Group Holding Interest Expense Chart

Minerva Group Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.50

-0.67

-0.44

-0.58

-0.93

Minerva Group Holding 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															-0.14	-0.44	-0.47	-0.47	-0.53

Minerva Group Holding 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-1.00 Mil.

Minerva Group Holding (HKSE:00397) 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.

Minerva Group Holding's Interest Expense for the six months ended in Dec. 2023 was HK$-0.47 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$13.22 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$0.00 Mil.

Minerva Group Holding's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	13.217	/	-0.469
	=	28.18

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

Minerva Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Minerva Group Holding Ltd (HKSE:00397) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

16 Harcourt Road, Unit 1804A, 18th floor, Far East Finance Centre, Hong Kong, HKG

Website

http://www.powerfinancial.com.hk

Minerva Group Holding Ltd Formerly Power Financial Group Ltd is principally engaged in the financial services business, money lending business, and asset investment, t. The company operates through four segments Financial Services segment provides financial services including securities brokerage, placing, and corporate finance advisory services in Hong Kong; the Money Lending segment provides loan financing in Hong Kong; and Assets investment segment that invests in debt securities earning fixed interest income, as well as investments in listed and unlisted equity securities and investment funds earning variable returns and gains. It derives the majority of its revenue from the Money lending segment. It derives revenue from Hong Kong.

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