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Wang On Group (HKSE:01222) Interest Expense : HK$-364 Mil (TTM As of Mar. 2024)


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What is Wang On Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wang On Group's interest expense for the six months ended in Mar. 2024 was HK$ -191 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was HK$-364 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. Wang On Group's Operating Income for the six months ended in Mar. 2024 was HK$ -14 Mil. Wang On Group's Interest Expense for the six months ended in Mar. 2024 was HK$ -191 Mil. Wang On Group 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.


Wang On Group Interest Expense Historical Data

The historical data trend for Wang On 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.

* Premium members only.

Wang On Group Interest Expense Chart

Wang On Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -225.25 -249.53 -207.61 -288.36 -364.38

Wang On Group Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 -130.91 -157.45 -173.43 -190.95 -172.81

Wang On 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-364 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.


Wang On Group  (HKSE:01222) 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.

Wang On Group's Interest Expense for the six months ended in Mar. 2024 was HK$-191 Mil. Its Operating Income for the six months ended in Mar. 2024 was HK$-14 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was HK$2,193 Mil.

Wang On Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Wang On Group 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.


Wang On Group Business Description

Traded in Other Exchanges
Address
39 Wang Kwong Road, Suite 3202, 32nd Floor, Skyline Tower, Kowloon Bay, Kowloon, Hong Kong, HKG
Wang On Group Ltd is an investment holding company engaged in property development businesses. It operates in five business segments. The Property Development segment is engaged in the development of properties. The Property Investment segment is engaged in investment in industrial and commercial premises and residential units for rental or for sale. The Fresh markets segment is engaged in the management and sub-licensing of fresh markets and butchery business. The Pharmaceutical segment engages in the production and sale of pharmaceutical and health food products. The Treasury management segment engages in the provision of finance and investments in debt and other securities which earn interest income.
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