DeTai New Energy Group (HKSE:00559) Interest Expense : HK$-1.30 Mil (TTM As of Dec. 2023)

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What is DeTai New Energy Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. DeTai New Energy Group's interest expense for the six months ended in Dec. 2023 was HK$ -0.56 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-1.30 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. DeTai New Energy Group's Operating Income for the six months ended in Dec. 2023 was HK$ -3.92 Mil. DeTai New Energy Group's Interest Expense for the six months ended in Dec. 2023 was HK$ -0.56 Mil. DeTai New Energy 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.

DeTai New Energy Group Interest Expense Historical Data

The historical data trend for DeTai New Energy 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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DeTai New Energy Group Interest Expense Chart

DeTai New Energy Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-1.24

-2.05

-2.20

-1.77

-1.46

DeTai New Energy 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															-1.03	-0.74	-0.72	-0.74	-0.56

DeTai New Energy 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-1.30 Mil.

DeTai New Energy Group (HKSE:00559) 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.

DeTai New Energy Group's Interest Expense for the six months ended in Dec. 2023 was HK$-0.56 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$-3.92 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$0.18 Mil.

DeTai New Energy Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

DeTai New Energy Group did not have earnings to cover the interest expense.

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

DeTai New Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DeTai New Energy Group Ltd (HKSE:00559) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

110–116 Queen’s Road Central, Room 905, 9th Floor, Wings Building, Wan Chai, Hong Kong, HKG

Website

https://www.detai-group.com

DeTai New Energy Group Ltd is an investment holding company. The company's operating segment includes the Hotel hospitality business; Money lending services; trading and distribution of liquor and win; and investments in listed securities and funds. It generates maximum revenue from the Hotel hospitality business segment. Geographically, it derives a majority of its revenue from Japan and also has a presence in Hong Kong; and China.

Executives

Tong Liang

2101 Beneficial owner

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