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Golden Solar New Energy Technology Holdings (HKSE:01121) Interest Expense : HK$-5.6 Mil (TTM As of Dec. 2023)


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What is Golden Solar New Energy Technology Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Golden Solar New Energy Technology Holdings's interest expense for the six months ended in Dec. 2023 was HK$ -3.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-5.6 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. Golden Solar New Energy Technology Holdings's Operating Income for the six months ended in Dec. 2023 was HK$ -204.8 Mil. Golden Solar New Energy Technology Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$ -3.3 Mil. Golden Solar New Energy Technology 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.


Golden Solar New Energy Technology Holdings Interest Expense Historical Data

The historical data trend for Golden Solar New Energy Technology 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.

* Premium members only.

Golden Solar New Energy Technology Holdings Interest Expense Chart

Golden Solar New Energy Technology Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.76 -7.01 -6.82 -4.93 -5.64

Golden Solar New Energy Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.91 -2.67 -2.39 -2.37 -3.27

Golden Solar New Energy Technology 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$-5.6 Mil.

* 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.


Golden Solar New Energy Technology Holdings  (HKSE:01121) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Golden Solar New Energy Technology Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-3.3 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$-204.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$51.7 Mil.

Golden Solar New Energy Technology Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Golden Solar New Energy Technology Holdings did not have earnings to cover the interest expense.

* 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.

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


Golden Solar New Energy Technology Holdings (HKSE:01121) Business Description

Traded in Other Exchanges
N/A
Address
Huoju Industrial Zone, Jiangnan Town, Licheng District, Fujian Province, Quanzhou, CHN, 362300
Golden Solar New Energy Technology Holdings Ltd is a material technology company that engages in different market segments such as footwear, environmental protection and energy-related fields.

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