Tiangong International Co (HKSE:00826) Interest Expense : HK$-217 Mil (TTM As of Dec. 2023)

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What is Tiangong International Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tiangong International Co's interest expense for the six months ended in Dec. 2023 was HK$ -102 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-217 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. Tiangong International Co's Operating Income for the six months ended in Dec. 2023 was HK$ 326 Mil. Tiangong International Co's Interest Expense for the six months ended in Dec. 2023 was HK$ -102 Mil. Tiangong International Co's Interest Coverage for the quarter that ended in Dec. 2023 was 3.19. 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.

Tiangong International Co Interest Expense Historical Data

The historical data trend for Tiangong International 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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Tiangong International Co Interest Expense Chart

Tiangong International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-174.30

-179.78

-194.75

-196.75

-217.21

Tiangong International Co 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															-99.07	-101.50	-100.06	-115.11	-102.10

Tiangong International 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-217 Mil.

Tiangong International Co (HKSE:00826) 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.

Tiangong International Co's Interest Expense for the six months ended in Dec. 2023 was HK$-102 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$326 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$750 Mil.

Tiangong International Co'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	*	325.824	/	-102.1
	=	3.19

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

Tiangong International Co (HKSE:00826) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tiangong International Co Ltd (HKSE:00826) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

34T1:Germany

Address

Houxiang Town, Jiangsu Province, Danyang City, CHN, 212312

Website

http://www.tggj.cn

Tiangong International Co Ltd is engaged in the manufacturing and sales of high alloy steel, cutting tools, titanium alloy, trading of goods and others. The reportable segments of the company are, 1) The DS segment manufactures and sells materials that are used in the die set manufacturing industry. 2) The HSS segment manufactures and sells materials that are used in the tools manufacturing industry. 3) The cutting tools segment manufactures and sells HSS and carbide cutting tools to the tooling industry. 4) The titanium alloy segment manufactures and sells titanium alloys to the titanium industry. 5) The trading of goods segment sells general carbon steel products that are not within the Group's production scope. 6) Others segment assembles and sells power tools kits.

Executives

Yu Yumei
Zhu Xiaokun
Tiangong Holdings Company Limited
Niu Qiu Ping
Zhu Zefeng
Sky Greenfield Investment Limited

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