IRC (HKSE:01029) Interest Expense : HK$-66 Mil (TTM As of Jun. 2024)

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What is IRC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IRC's interest expense for the six months ended in Jun. 2024 was HK$ -32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-66 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. IRC's Operating Income for the six months ended in Jun. 2024 was HK$ -76 Mil. IRC's Interest Expense for the six months ended in Jun. 2024 was HK$ -32 Mil. IRC 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.

IRC Interest Expense Historical Data

The historical data trend for IRC'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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IRC Interest Expense Chart

IRC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-266.30

-143.43

-103.84

-66.41

-68.58

IRC Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-32.76	-33.91	-34.51	-34.17	-32.14

IRC 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-66 Mil.

IRC (HKSE:01029) 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.

IRC's Interest Expense for the six months ended in Jun. 2024 was HK$-32 Mil. Its Operating Income for the six months ended in Jun. 2024 was HK$-76 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was HK$314 Mil.

IRC's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

IRC did not have earnings to cover the interest expense.

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

IRC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » IRC Ltd (HKSE:01029) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

6H, 9 Queen’s Road Central, Central District, Hong Kong Special Administrative Region, of the People’s Republic of China, Hong Kong, HKG

Website

http://www.ircgroup.com.hk

IRC Ltd operates as an investment holding company, which is engaged in the production and development of iron ore. Its business activity of the firm is operated through various segments namely Mines in Production, Mines in Development, Engineering, and Others. The Mines in Production segment consists of projects in the production phase; the Mines in Development segment includes the exploration and development phase of the iron ore projects; the Engineering segment is engaged in the in-house engineering and scientific expertise related to Giproruda; the Other segment is mainly engaged in the production of vanadium pentoxides and related products. It has geographical business presence in the region of the People's Republic of China and Russia, and majority of its revenue comes from the PRC.

Executives

Levitskii Nikolai	2201 Interest of corporation controlled by you
Axioma Capital Fze Llc	2101 Beneficial owner
Axiomi Consolidation Ltd	2101 Beneficial owner
Kolesnikova Marina Alexeevna	2201 Interest of corporation controlled by you
Mic Invest Limited Liability Company	2106 Person having a security interest in shares
Mic Invest Limited Liability Company	2106 Person having a security interest in shares
General Nice Development Limited	2201 Interest of corporation controlled by you

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