Silk Road Logistics Holdings (HKSE:00988) Interest Expense : HK$-51.10 Mil (TTM As of Jun. 2023)

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What is Silk Road Logistics Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Silk Road Logistics Holdings's interest expense for the six months ended in Jun. 2023 was HK$ -26.61 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was HK$-51.10 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. Silk Road Logistics Holdings's Operating Income for the six months ended in Jun. 2023 was HK$ -10.54 Mil. Silk Road Logistics Holdings's Interest Expense for the six months ended in Jun. 2023 was HK$ -26.61 Mil. Silk Road Logistics 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.

Silk Road Logistics Holdings Interest Expense Historical Data

The historical data trend for Silk Road Logistics 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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Silk Road Logistics Holdings Interest Expense Chart

Silk Road Logistics Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-40.75

-51.50

-51.20

-51.46

-51.10

Silk Road Logistics Holdings 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															-28.07	-25.65	-25.81	-26.61	-24.50

Silk Road Logistics 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-51.10 Mil.

Silk Road Logistics Holdings (HKSE:00988) 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.

Silk Road Logistics Holdings's Interest Expense for the six months ended in Jun. 2023 was HK$-26.61 Mil. Its Operating Income for the six months ended in Jun. 2023 was HK$-10.54 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was HK$11.60 Mil.

Silk Road Logistics Holdings's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Silk Road Logistics Holdings did not have earnings to cover the interest expense.

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

Silk Road Logistics Holdings (HKSE:00988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Silk Road Logistics Holdings Ltd (HKSE:00988) » Definitions » Interest Expense

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Address

262 Gloucester Road, Room 1702, 17th Floor, COFCO Tower, Causeway Bay, Hong Kong, HKG

Website

http://www.silkroadlogistics.com.hk

Silk Road Logistics Holdings Ltd is an Investment Holding company. It operates through three segments namely the Commodities trading segment which is engaged in the trading of commodities; the Oil segment which operates in the exploration and production of oil as well as the provision of well-drilling services; and the Logistics segment is involved in the provision of transportation and warehousing services. The company generates the majority of its revenue from the People's Republic of China.

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