Vincent Medical Holdings (HKSE:01612) Interest Expense : HK$-1.4 Mil (TTM As of Jun. 2024)

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What is Vincent Medical Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vincent Medical Holdings's interest expense for the six months ended in Jun. 2024 was HK$ -0.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-1.4 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. Vincent Medical Holdings's Operating Income for the six months ended in Jun. 2024 was HK$ 34.2 Mil. Vincent Medical Holdings's Interest Expense for the six months ended in Jun. 2024 was HK$ -0.7 Mil. Vincent Medical Holdings's Interest Coverage for the quarter that ended in Jun. 2024 was 47.96. 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.

Vincent Medical Holdings Interest Expense Historical Data

The historical data trend for Vincent Medical 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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Vincent Medical Holdings Interest Expense Chart

Vincent Medical Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.86

-3.40

-2.43

-2.85

-1.68

Vincent Medical Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-1.41	-1.44	-0.95	-0.73	-0.71

Vincent Medical 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$-1.4 Mil.

Vincent Medical Holdings (HKSE:01612) 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.

Vincent Medical Holdings's Interest Expense for the six months ended in Jun. 2024 was HK$-0.7 Mil. Its Operating Income for the six months ended in Jun. 2024 was HK$34.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was HK$0.9 Mil.

Vincent Medical 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	*	34.244	/	-0.714
	=	47.96

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

Vincent Medical Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Vincent Medical Holdings Ltd (HKSE:01612) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Tak Fung Street, Units 1604-07A, 16th Floor, Two Harbourfront, Hung Hom, Kowloon, Hong Kong, HKG

Website

https://www.vincentmedical.com

Vincent Medical Holdings Ltd is an investment holding company engaged in the manufacturing and selling of medical devices. The company operates in two segments: OEM (original equipment manufacturing) and OBM (original brand manufacturing). The OEM segment manufactures products as per the customer requirement. The OBM segment includes research, development, manufacturing, marketing, and sales of medical devices under Inspired Medical, Hand of Hope, and Hypnus brands. Its product categories include Respiratory products, Imaging disposable products, Orthopaedic and rehabilitation products, and Others. Its geographical segments are United States, The PRC, Japan, Costa Rica, The Netherlands, Spain, Germany, Hong Kong, Turkey, Canada, India, Thailand, Vietnam and Others.

Executives

Choi Man Shing	2101 Beneficial owner
Liu Pui Ching	2202 Interest of your spouse
Vincent Raya International Limited

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