Infinity Development Holdings Co (HKSE:00640) Interest Expense : HK$-2.6 Mil (TTM As of Sep. 2024)

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What is Infinity Development Holdings Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Infinity Development Holdings Co's interest expense for the six months ended in Sep. 2024 was HK$ -1.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was HK$-2.6 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. Infinity Development Holdings Co's Operating Income for the six months ended in Sep. 2024 was HK$ 73.7 Mil. Infinity Development Holdings Co's Interest Expense for the six months ended in Sep. 2024 was HK$ -1.2 Mil. Infinity Development Holdings Co's Interest Coverage for the quarter that ended in Sep. 2024 was 59.95. 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.

Infinity Development Holdings Co Interest Expense Historical Data

The historical data trend for Infinity Development Holdings Co'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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Infinity Development Holdings Co Interest Expense Chart

Infinity Development Holdings Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Interest Expense

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-0.70

-0.42

-0.83

-2.91

-2.59

Infinity Development Holdings Co Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.46	-1.33	-1.58	-1.36	-1.23

Infinity Development Holdings Co 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-2.6 Mil.

Infinity Development Holdings Co (HKSE:00640) 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.

Infinity Development Holdings Co's Interest Expense for the six months ended in Sep. 2024 was HK$-1.2 Mil. Its Operating Income for the six months ended in Sep. 2024 was HK$73.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was HK$2.7 Mil.

Infinity Development Holdings Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	73.734	/	-1.23
	=	59.95

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

Infinity Development Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Infinity Development Holdings Co Ltd (HKSE:00640) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Andar A - D, Macau Finance Centre, Rua de Pequim No. 202A - 246, Macau, MAC

Website

http://www.infinitydevelopment.com.hk

Infinity Development Holdings Co Ltd is an investment holding company. Through its subsidiaries, the company focuses on manufacturing and selling adhesives, primers, hardeners, vulcanized shoes, and adhesive-related products for the footwear industry. The company's products are predominantly sold under the Guarandure and Zhong Bu brands. Its geographical segments include China, Vietnam, Indonesia, Bangladesh, and India. A majority of its revenue is generated from Vietnam.

Executives

Chan Sut Kuan	2202 Interest of your spouse
Ieong Un	2101 Beneficial owner
All Reach Investments Limited	2101 Beneficial owner

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