Cocoon Holdings (HKSE:00428) Interest Expense : HK$-1.03 Mil (TTM As of Dec. 2023)

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What is Cocoon Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cocoon Holdings's interest expense for the six months ended in Dec. 2023 was HK$ -0.50 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-1.03 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. Cocoon Holdings's Operating Income for the six months ended in Dec. 2023 was HK$ 26.76 Mil. Cocoon Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$ -0.50 Mil. Cocoon Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 53.20. 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.

Cocoon Holdings Interest Expense Historical Data

The historical data trend for Cocoon 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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Cocoon Holdings Interest Expense Chart

Cocoon Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3.73

-1.57

-1.65

-2.06

-1.03

Cocoon Holdings 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															-0.85	-0.64	-1.42	-0.53	-0.50

Cocoon 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-1.03 Mil.

Cocoon Holdings (HKSE:00428) 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.

Cocoon Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-0.50 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$26.76 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$10.00 Mil.

Cocoon Holdings'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	*	26.758	/	-0.503
	=	53.20

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Cocoon Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Cocoon Holdings (HKSE:00428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cocoon Holdings Ltd (HKSE:00428) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

61 Connaught Road Central, Room 14A, Fortune House, Central, Hong Kong, HKG

Website

https://www.cocoon.holdings

Cocoon Holdings Ltd is a Hong Kong-based investment holding company engaged in investment activities. The Group's business activity is organized into a single operating segment, being investments in securities listed on recognized stock exchanges and unlisted investments with a potential for earnings growth and capital appreciation The Group's revenue comprised dividend income, interest earned from bank deposits and loans and receivables. The group mainly operates its businesses in Hong Kong.

Executives

Yu Po Kwan	2101 Beneficial owner
Solution Smart Holdings Limited	2101 Beneficial owner
Sw Venture Asia Limited	2201 Interest of corporation controlled by you
Yeung Shing Wai	2201 Interest of corporation controlled by you

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