Kingwell Group (HKSE:01195) Interest Expense : HK$-0.02 Mil (TTM As of Jun. 2023)

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What is Kingwell Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kingwell Group's interest expense for the six months ended in Jun. 2023 was HK$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was HK$-0.02 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. Kingwell Group's Operating Income for the six months ended in Jun. 2023 was HK$ 11.13 Mil. Kingwell Group's Interest Expense for the six months ended in Jun. 2023 was HK$ -0.01 Mil. Kingwell Group's Interest Coverage for the quarter that ended in Jun. 2023 was 1,112.50. 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.

Kingwell Group Interest Expense Historical Data

The historical data trend for Kingwell Group'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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Kingwell Group Interest Expense Chart

Kingwell Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.09

-0.11

-0.04

-0.01

Kingwell Group 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															-	-	-	-0.01	-0.01

Kingwell Group 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$-0.02 Mil.

Kingwell Group (HKSE:01195) 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.

Kingwell Group's Interest Expense for the six months ended in Jun. 2023 was HK$-0.01 Mil. Its Operating Income for the six months ended in Jun. 2023 was HK$11.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was HK$0.21 Mil.

Kingwell Group's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	11.125	/	-0.01
	=	1,112.50

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Kingwell Group Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Kingwell Group (HKSE:01195) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kingwell Group Ltd (HKSE:01195) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

62 Mody Road, Units 314-315, Wing On Plaza, Tsim Sha Tsui East, Kowloon, Hong Kong, HKG

Website

https://kingwell.todayir.com

Kingwell Group Ltd is engaged in the property development business. It operates under two main segments. The gold mining segment engages in the production and sale of gold; and the property development, property leasing, and property management services segment engages in the development of villas, apartments, and commercial buildings, property leasing of self-owned properties, the sale of carpark spaces and the provision of property management services and construction services. The company derives majority of its revenue from the property development, property leasing, and property management services segment.

Executives

Union Day Group Limited	2201 Interest of corporation controlled by you
Du Yun	2201 Interest of corporation controlled by you
Mu Dongsheng	2101 Beneficial owner
Yin Jiatang	2101 Beneficial owner

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