GC Construction Holdings (HKSE:01489) Interest Expense : HK$-0.4 Mil (TTM As of Sep. 2023)

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What is GC Construction Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GC Construction Holdings's interest expense for the six months ended in Sep. 2023 was HK$ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-0.4 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. GC Construction Holdings's Operating Income for the six months ended in Sep. 2023 was HK$ 19.5 Mil. GC Construction Holdings's Interest Expense for the six months ended in Sep. 2023 was HK$ -0.1 Mil. GC Construction Holdings's Interest Coverage for the quarter that ended in Sep. 2023 was 282.23. 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.

GC Construction Holdings Interest Expense Historical Data

The historical data trend for GC Construction Holdings'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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GC Construction Holdings Interest Expense Chart

GC Construction Holdings Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

-0.70

-1.40

-0.84

-0.14

-0.54

GC Construction Holdings Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial			-0.10	-0.04	-0.21	-0.33	-0.07

GC Construction Holdings 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$-0.4 Mil.

GC Construction Holdings (HKSE:01489) 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.

GC Construction Holdings's Interest Expense for the six months ended in Sep. 2023 was HK$-0.1 Mil. Its Operating Income for the six months ended in Sep. 2023 was HK$19.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was HK$0.0 Mil.

GC Construction Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	19.474	/	-0.069
	=	282.23

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. GC Construction Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

GC Construction Holdings (HKSE:01489) Business Description

Industry

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Address

833 Cheung Sha Wan Road, Unit 909, 9th Floor, Tower 1, Cheung Sha Wan Plaza, Kowloon, Hong Kong, HKG

Website

https://www.chankiu.hk

GC Construction Holdings Ltd is a wet trades contractor in Hong Kong. The wet trades works performed by the Group mainly included plastering, tile laying, bricklaying, floor screening, and marble works in both public sector projects and private sector projects in Hong Kong. Private sector projects mainly involved private residential developments and commercial developments, and Public sector projects mainly involved public residential developments as well as infrastructure and public facilities developments. It generates the majority of its revenue from Hong Kong.

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