Wang On Group (HKSE:01222) Interest Expense : HK$-331 Mil (TTM As of Sep. 2023)

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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 Sep. 2023 was HK$ -173 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-331 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 Sep. 2023 was HK$ -15 Mil. Wang On Group's Interest Expense for the six months ended in Sep. 2023 was HK$ -173 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.

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Wang On Group Interest Expense Chart

Wang On Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-134.69

-225.25

-249.53

-207.61

-288.36

Wang On Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-110.70	-96.91	-130.91	-157.45	-173.43

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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-331 Mil.

Wang On Group (HKSE:01222) 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.

Wang On Group's Interest Expense for the six months ended in Sep. 2023 was HK$-173 Mil. Its Operating Income for the six months ended in Sep. 2023 was HK$-15 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was HK$2,939 Mil.

Wang On Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Wang On Group did not have earnings to cover the interest expense.

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Wang On Group Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Wang On Group (HKSE:01222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Wang On Group Ltd (HKSE:01222) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

39 Wang Kwong Road, Suite 3202, 32nd Floor, Skyline Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

https://www.wangon.com

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.

Executives

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