Shengli Oil & Gas Pipe Holdings (HKSE:01080) Interest Expense : HK$-15.9 Mil (TTM As of Dec. 2023)

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What is Shengli Oil & Gas Pipe Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shengli Oil & Gas Pipe Holdings's interest expense for the six months ended in Dec. 2023 was HK$ -8.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-15.9 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. Shengli Oil & Gas Pipe Holdings's Operating Income for the six months ended in Dec. 2023 was HK$ -42.4 Mil. Shengli Oil & Gas Pipe Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$ -8.4 Mil. Shengli Oil & Gas Pipe 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.

Shengli Oil & Gas Pipe Holdings Interest Expense Historical Data

The historical data trend for Shengli Oil & Gas Pipe 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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Shengli Oil & Gas Pipe Holdings Interest Expense Chart

Shengli Oil & Gas Pipe Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-55.43

-46.46

-42.45

-19.63

-15.86

Shengli Oil & Gas Pipe 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															-20.37	-11.62	-8.57	-7.46	-8.40

Shengli Oil & Gas Pipe 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 semi-annually data reported by the company within the most recent 12 months, which was HK$-15.9 Mil.

Shengli Oil & Gas Pipe Holdings (HKSE:01080) 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.

Shengli Oil & Gas Pipe Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-8.4 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$-42.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$102.2 Mil.

Shengli Oil & Gas Pipe Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Shengli Oil & Gas Pipe Holdings did not have earnings to cover the interest expense.

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

Shengli Oil & Gas Pipe Holdings (HKSE:01080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shengli Oil & Gas Pipe Holdings Ltd (HKSE:01080) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Zhongbu Town, Zhangdian District, Shandong Province, Zibo, CHN, 255082

Website

http://www.slogp.com

Shengli Oil & Gas Pipe Holdings Ltd is an oil and gas pipe manufacturer in China. It focuses on the design, manufacturing, value-added processing, and servicing of submerged-arc helical welded pipes (SAWH pipes) and submerged-arc longitudinal welded pipes (SAWL pipes), that are used to transport crude oil, refined petroleum products, natural gas, and other related products. It operates two reportable segments which comprise the pipes business and trading business. The majority of the revenue is derived from the pipes business segment that involves the production of submerged-arc helical welded pipes and submerged-arc longitudinal welded pipe which are mainly used for the oil and infrastructure industry. Geographically it derives revenue from Mainland China.

Executives

Zhang Bizhuang	2101 Beneficial owner
Huang Guang	2201 Interest of corporation controlled by you
Chen Haili	2201 Interest of corporation controlled by you
Hzj Holding Limited	2201 Interest of corporation controlled by you
Mefun Group Limited	2101 Beneficial owner
Wei Jun	2201 Interest of corporation controlled by you
Lm Asset Management Corp	2201 Interest of corporation controlled by you
Lm Global Asset Lp	2101 Beneficial owner
Lmt International Corporation Limited	2201 Interest of corporation controlled by you
Shan Dong Min Ying Lian He Tou Zi Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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