China Energy Storage Technology Development (HKSE:01143) Interest Expense : HK$-3.1 Mil (TTM As of Dec. 2023)

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What is China Energy Storage Technology Development Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Energy Storage Technology Development's interest expense for the six months ended in Dec. 2023 was HK$ -1.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-3.1 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. China Energy Storage Technology Development's Operating Income for the six months ended in Dec. 2023 was HK$ 15.0 Mil. China Energy Storage Technology Development's Interest Expense for the six months ended in Dec. 2023 was HK$ -1.4 Mil. China Energy Storage Technology Development's Interest Coverage for the quarter that ended in Dec. 2023 was 10.65. 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.

China Energy Storage Technology Development Interest Expense Historical Data

The historical data trend for China Energy Storage Technology Development'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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China Energy Storage Technology Development Interest Expense Chart

China Energy Storage Technology Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-6.81

-4.93

-4.17

-4.05

-3.07

China Energy Storage Technology Development 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															-2.35	-1.68	-2.37	-1.66	-1.41

China Energy Storage Technology Development 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$-3.1 Mil.

China Energy Storage Technology Development (HKSE:01143) 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.

China Energy Storage Technology Development's Interest Expense for the six months ended in Dec. 2023 was HK$-1.4 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$15.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$15.0 Mil.

China Energy Storage Technology Development'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	*	15.005	/	-1.409
	=	10.65

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

China Energy Storage Technology Development (HKSE:01143) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China Energy Storage Technology Development Ltd (HKSE:01143) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

The Gateway, Harbour City, Suites 3501 & 3513–14, 35th Floor Tower 6, Tsim Sha Tsui, Hong Kong, HKG

Website

http://www.link-asia.com.hk

China Energy Storage Technology Development Ltd Formerly Link-Asia International MedTech Group Ltd is an investment holding company. It operates in four segments: Electronic manufacturing services; Distribution of Communications Products; Securities and Other Assets Investment, which includes Equity investment, property agency service, and other operations; and Real Estate Supply Chain Services, which provide real estate advisory services and real estate purchase service and Money Lending. The company generates the vast majority of its revenue from the Electronic manufacturing services segment. Its geographical segments are China, the United States, Switzerland, France, Poland, the United Kingdom, and Others.

Executives

Chen Dezhu	2201 Interest of corporation controlled by you
Chan Allie	2106 Person having a security interest in shares
Sy Ming Yiu	2101 Beneficial owner
Power Port Holdings Limited	2101 Beneficial owner
Yang Changrong	2201 Interest of corporation controlled by you
He Xiaoming	2201 Interest of corporation controlled by you
Keywan Global Limited	2101 Beneficial owner
Cao Longbing	2201 Interest of corporation controlled by you
Hearts Capital (asia) Limited	2201 Interest of corporation controlled by you
Hearts Capital Spc - Hearts Sp2	2101 Beneficial owner
Long Asia Asset Management (hk) Limited	2102 Investment manager

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