Kin Shing Holdings (HKSE:01630) Interest Expense : HK$-3 Mil (TTM As of Mar. 2024)

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What is Kin Shing Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kin Shing Holdings's interest expense for the six months ended in Mar. 2024 was HK$ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was HK$-3 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. Kin Shing Holdings's Operating Income for the six months ended in Mar. 2024 was HK$ 9 Mil. Kin Shing Holdings's Interest Expense for the six months ended in Mar. 2024 was HK$ -2 Mil. Kin Shing Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 5.82. 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.

Kin Shing Holdings Interest Expense Historical Data

The historical data trend for Kin Shing 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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Kin Shing Holdings Interest Expense Chart

Kin Shing Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-2.73

-2.80

-3.00

-3.02

-2.98

Kin Shing Holdings Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Interest Expense	Get a 7-Day Free Trial															-1.54	-1.48	-1.48	-1.50	-1.42

Kin Shing 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-3 Mil.

Kin Shing Holdings (HKSE:01630) 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.

Kin Shing Holdings's Interest Expense for the six months ended in Mar. 2024 was HK$-2 Mil. Its Operating Income for the six months ended in Mar. 2024 was HK$9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was HK$1 Mil.

Kin Shing Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	8.741	/	-1.502
	=	5.82

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Kin Shing Holdings Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Kin Shing Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kin Shing Holdings Ltd (HKSE:01630) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Cheung Yue Street, Unit D, 9th Floor, Billion Plaza 2, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.kinshingholdings.com.hk

Kin Shing Holdings Ltd is an investment holding company. Along with its subsidiaries, it functions as a formwork subcontractor. The operating segments of the company include the Formwork works segment which is engaged in the provision of formwork works and other ancillary works, the Building construction works segment, and the Trading and Investment business which is engaged in investing in financial instruments. The company generates maximum revenue from the Formwork works segment. Geographically, the group's operations are located in Hong Kong.

Executives

Chu Yuet Wah
Ample Cheer Limited	2201 Interest of corporation controlled by you
Five Continental Enterprise Limited	2101 Beneficial owner
Kingston Finance Limited	2106 Person having a security interest in shares
Chow Siu Yu	2103 Interests held jointly with another person
Leung Chi Kit	2201 Interest of corporation controlled by you
Tso Yuk Ching	2202 Interest of your spouse

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