Sinosoft Technology Group (HKSE:01297) Interest Expense : HK$-1.7 Mil (TTM As of Jun. 2023)

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What is Sinosoft Technology Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sinosoft Technology Group's interest expense for the six months ended in Jun. 2023 was HK$ -1.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was HK$-1.7 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. Sinosoft Technology Group's Operating Income for the six months ended in Jun. 2023 was HK$ -55.7 Mil. Sinosoft Technology Group's Interest Expense for the six months ended in Jun. 2023 was HK$ -1.2 Mil. Sinosoft Technology 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.

Sinosoft Technology Group Interest Expense Historical Data

The historical data trend for Sinosoft Technology 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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Sinosoft Technology Group Interest Expense Chart

Sinosoft Technology Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-2.82

-0.93

-2.20

-2.56

-1.47

Sinosoft Technology Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-1.79	-0.75	-0.98	-0.54	-1.16

Sinosoft Technology 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$-1.7 Mil.

Sinosoft Technology Group (HKSE:01297) 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.

Sinosoft Technology Group's Interest Expense for the six months ended in Jun. 2023 was HK$-1.2 Mil. Its Operating Income for the six months ended in Jun. 2023 was HK$-55.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was HK$0.0 Mil.

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

Sinosoft Technology Group did not have earnings to cover the interest expense.

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

Sinosoft Technology Group (HKSE:01297) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sinosoft Technology Group Ltd (HKSE:01297) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26 Tianpu Road, Jiangpu Street, Pukou District, Jiangsu, Nanjing City, CHN

Website

https://www.sinosoft-technology.com

Sinosoft Technology Group Ltd is a Hong Kong-based provider of application software products and solutions. The firm's operations are organized in two segments: Government big data software and related services, Low carbon & ecology software and related services.

Executives

Xin Yingmei	2201 Interest of corporation controlled by you
Long Capital International Limited	2101 Beneficial owner
Telewise Group Limited	2101 Beneficial owner

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