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Maike Tube Industry Holdings (HKSE:01553) Interest Expense : HK$-7 Mil (TTM As of Dec. 2023)


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What is Maike Tube Industry Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Maike Tube Industry Holdings's interest expense for the six months ended in Dec. 2023 was HK$ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-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. Maike Tube Industry Holdings's Operating Income for the six months ended in Dec. 2023 was HK$ 106 Mil. Maike Tube Industry Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$ -4 Mil. Maike Tube Industry Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 23.77. 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.

Maike Tube Industry Holdings Interest Expense Historical Data

The historical data trend for Maike Tube Industry 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.

* Premium members only.

Maike Tube Industry Holdings Interest Expense Chart

Maike Tube Industry Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -13.96 -6.06 -6.42 -5.95 -7.32

Maike Tube Industry Holdings Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.23 -4.25 -1.91 -2.86 -4.46

Maike Tube Industry 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-7 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.

Maike Tube Industry Holdings  (HKSE:01553) 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.

Maike Tube Industry Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-4 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$106 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$3 Mil.

Maike Tube Industry Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*105.971/-4.458
=23.77

* 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.

Maike Tube Industry Holdings (HKSE:01553) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Maike Tube Industry Holdings Ltd (HKSE:01553) » Definitions » Interest Expense
Comparable Companies
HKSE:02112 HKSE:02738 HKSE:01203 HKSE:08402 HKSE:00217 HKSE:01118 HKSE:00103 HKSE:06890 HKSE:01894 HKSE:01938 NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT NSE:TATASTEEL STLD RS MIC:CHMF
Traded in Other Exchanges
N/A
Address
No. 4 Meide Street, Meigui Zone of Industrial Park, Pingyin County, Shandong Province, Jinan, CHN, 250400
Website
http://www.mechpipingtech.com
Maike Tube Industry Holdings Ltd is an investment holding company. The company, through its subsidiaries, is engaged in the manufacturing of steel pipe products and prefabricated pipe nipple products. Its steel pipe products are made through rolling steel plates and welding the seam and are mainly used for gas, water supply, HVAC, and fire extinguishing. The group offers ERW steel pipes, Standard prefabricated pipe nipples, Spiral Submerged Arc Welded steel pipes, Customised steel pipes, and Design and supply assembled piping systems. It has a business presence in the PRC, the US, Europe, and Other countries of which a majority of revenue is generated from the PRC.
Executives
Zhang Jing Ru 2202 Interest of your spouse
Zhao Pu 2101 Beneficial owner
Kong Linglei 2201 Interest of corporation controlled by you
Ying Stone Holdings Limited 2101 Beneficial owner
Tong Chuang Sheng De Limited 2101 Beneficial owner
Tong Chuang Xing De Limited 2101 Beneficial owner
Shang Hai Heng Yuan Guo Ji Tou Zi You Xian Gong Si 2101 Beneficial owner

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