Xin Point Holdings (HKSE:01571) Interest Expense : HK$-5 Mil (TTM As of Jun. 2024)

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What is Xin Point Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Xin Point Holdings's interest expense for the six months ended in Jun. 2024 was HK$ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-5 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. Xin Point Holdings's Operating Income for the six months ended in Jun. 2024 was HK$ 409 Mil. Xin Point Holdings's Interest Expense for the six months ended in Jun. 2024 was HK$ -3 Mil. Xin Point Holdings's Interest Coverage for the quarter that ended in Jun. 2024 was 138.91. 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.

Xin Point Holdings Interest Expense Historical Data

The historical data trend for Xin Point 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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Xin Point Holdings Interest Expense Chart

Xin Point Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-4.75

-12.44

-9.79

-5.28

Xin Point Holdings Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial															-7.18	-5.78	-4.01	-2.94	-2.36

Xin Point 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-5 Mil.

Xin Point Holdings (HKSE:01571) 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.

Xin Point Holdings's Interest Expense for the six months ended in Jun. 2024 was HK$-3 Mil. Its Operating Income for the six months ended in Jun. 2024 was HK$409 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was HK$57 Mil.

Xin Point Holdings's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	408.535	/	-2.941
	=	138.91

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

Xin Point Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xin Point Holdings Ltd (HKSE:01571) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Keen Point Hi-tech Industrial Park, Xikeng, Huicheng Distirct, Guangdong Province, Huizhou, CHN

Website

https://www.xinpoint.com

Xin Point Holdings Ltd is an investment holding company. The company is engaged in the manufacture and sale of automotive and electronic components. It generates revenue from two major segments including the sale of non-automotive components; and sale of automotive decorative components. Geographically, the company operates in China, North America, Europe, and other countries out of which it derives the majority of its revenue from the automotive components segment in China.

Executives

Ma Xiaoming	2101 Beneficial owner
Zhu Junhua	2202 Interest of your spouse
Green Pinnacle Holdings Limited	2101 Beneficial owner
Mealth (ptc) Limited	2201 Interest of corporation controlled by you
Peace World Investments Limited	2101 Beneficial owner
Wong Kun Kau	2101 Beneficial owner

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