China Daye Non-Ferrous Metals Mining (HKSE:00661) Interest Expense : HK$-606 Mil (TTM As of Dec. 2023)

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What is China Daye Non-Ferrous Metals Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Daye Non-Ferrous Metals Mining's interest expense for the six months ended in Dec. 2023 was HK$ -344 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-606 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 Daye Non-Ferrous Metals Mining's Operating Income for the six months ended in Dec. 2023 was HK$ 448 Mil. China Daye Non-Ferrous Metals Mining's Interest Expense for the six months ended in Dec. 2023 was HK$ -344 Mil. China Daye Non-Ferrous Metals Mining's Interest Coverage for the quarter that ended in Dec. 2023 was 1.30. 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 Daye Non-Ferrous Metals Mining Interest Expense Historical Data

The historical data trend for China Daye Non-Ferrous Metals Mining'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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China Daye Non-Ferrous Metals Mining Interest Expense Chart

China Daye Non-Ferrous Metals Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-505.88

-399.20

-384.93

-365.32

-605.70

China Daye Non-Ferrous Metals Mining 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															-192.77	-178.01	-195.73	-261.87	-343.83

China Daye Non-Ferrous Metals Mining 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$-606 Mil.

China Daye Non-Ferrous Metals Mining (HKSE:00661) 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.

China Daye Non-Ferrous Metals Mining's Interest Expense for the six months ended in Dec. 2023 was HK$-344 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$448 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$8,835 Mil.

China Daye Non-Ferrous Metals Mining'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	*	447.969	/	-343.832
	=	1.30

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. China Daye Non-Ferrous Metals Mining Ltd interest coverage is 1.41, which is low.

China Daye Non-Ferrous Metals Mining (HKSE:00661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Daye Non-Ferrous Metals Mining Ltd (HKSE:00661) » Definitions » Interest Expense

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Address

1008 Tai Nan West Street, China United Plaza, Room 1, 11th Floor, Kowloon, Hong Kong, HKG

Website

http://www.hk661.com

China Daye Non-Ferrous Metals Mining Ltd is engaged in the mining and processing of mineral ores and trading of metal products in the PRC. The company's mining product portfolio consists of Copper cathodes, Other copper products, Gold and other gold products, Silver and other silver products, Iron ores, Sulphuric acid and sulphuric concentrate, and others, of which key revenue is generated from the sale of copper cathodes. The group has a business presence in the PRC, Hong Kong and The Republic of Mongolia. It derives a majority of the revenue from the PRC.

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