Asia Cement (China) Holdings (HKSE:00743) Interest Expense : HK$-63 Mil (TTM As of Dec. 2023)

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What is Asia Cement (China) Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Asia Cement (China) Holdings's interest expense for the three months ended in Dec. 2023 was HK$ -25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-63 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. Asia Cement (China) Holdings's Operating Income for the three months ended in Dec. 2023 was HK$ -19 Mil. Asia Cement (China) Holdings's Interest Expense for the three months ended in Dec. 2023 was HK$ -25 Mil. Asia Cement (China) Holdings 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.

Asia Cement (China) Holdings Interest Expense Historical Data

The historical data trend for Asia Cement (China) 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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Asia Cement (China) Holdings Interest Expense Chart

Asia Cement (China) Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-297.91

-161.14

-63.57

-63.73

-85.38

Asia Cement (China) Holdings Quarterly Data
	Jun16	Sep16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-28.52	-	-20.61	-24.94	-17.35

Asia Cement (China) 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 quarterly data reported by the company within the most recent 12 months, which was HK$-63 Mil.

Asia Cement (China) Holdings (HKSE:00743) 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.

Asia Cement (China) Holdings's Interest Expense for the three months ended in Dec. 2023 was HK$-25 Mil. Its Operating Income for the three months ended in Dec. 2023 was HK$-19 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was HK$782 Mil.

Asia Cement (China) Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Asia Cement (China) Holdings did not have earnings to cover the interest expense.

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

Asia Cement (China) Holdings (HKSE:00743) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Asia Cement (China) Holdings Corp (HKSE:00743) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

4OJ:Germany

Address

No. 6 Yadong Avenue, Ma-Tou Town, Jiangxi Province, Ruichang, CHN, 332207

Website

http://www.achc.com.cn

Asia Cement (China) Holdings Corp is an investment holding company. The company operates through the Cement and Concrete business segments. Its products include cement, clinker, ready-mix concrete, and blast-furnace slag powder. It derives revenue from China. Its geographical segments include the Southeastern region, Central region, and Southwestern region.

Executives

Asia Cement Corporation
Far Eastern New Century Corporation

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