Golden Resources Development International (HKSE:00677) Interest Expense : HK$-37 Mil (TTM As of Sep. 2024)

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What is Golden Resources Development International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Golden Resources Development International's interest expense for the six months ended in Sep. 2024 was HK$ -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was HK$-37 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. Golden Resources Development International's Operating Income for the six months ended in Sep. 2024 was HK$ 32 Mil. Golden Resources Development International's Interest Expense for the six months ended in Sep. 2024 was HK$ -19 Mil. Golden Resources Development International's Interest Coverage for the quarter that ended in Sep. 2024 was 1.69. 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.

Golden Resources Development International Interest Expense Historical Data

The historical data trend for Golden Resources Development International'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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Golden Resources Development International Interest Expense Chart

Golden Resources Development International Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-25.84

-25.28

-30.53

-32.01

-34.18

Golden Resources Development International 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															-14.98	-17.03	-16.32	-17.86	-18.86

Golden Resources Development International 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$-37 Mil.

Golden Resources Development International (HKSE:00677) 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.

Golden Resources Development International's Interest Expense for the six months ended in Sep. 2024 was HK$-19 Mil. Its Operating Income for the six months ended in Sep. 2024 was HK$32 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was HK$310 Mil.

Golden Resources Development International'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	*	31.854	/	-18.857
	=	1.69

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

Golden Resources Development International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Golden Resources Development International Ltd (HKSE:00677) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 218 Jaffe Road, 29th Floor, Golden Resources Centre, Wan Chai, Hong Kong, HKG

Website

http://www.grdil.com

Golden Resources Development International Ltd is an investment holding company. The company is engaged in the business of sourcing, importing, wholesaling, processing, packaging, marketing and distribution of rice and food products, convenience store operation, packaging materials operation, securities investment, property investment retailtainment and investment holding. The company's operating segment includes Convenience store operation; Food operation; Packaging materials operation; Securities investment; Property investment; Retailtainment; and Corporate and others. It generates maximum revenue from the Convenience store operation segment. Geographically, it derives a majority of revenue from Vietnam and also has a presence in Hong Kong and Mainland China and Other regions.

Executives

Lam Sai Mann

2201 Interest of corporation controlled by you

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