Acme International Holdings (HKSE:01870) Interest Expense : HK$-3.7 Mil (TTM As of Jun. 2024)

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What is Acme International Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Acme International Holdings's interest expense for the six months ended in Jun. 2024 was HK$ -1.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-3.7 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. Acme International Holdings's Operating Income for the six months ended in Jun. 2024 was HK$ 8.1 Mil. Acme International Holdings's Interest Expense for the six months ended in Jun. 2024 was HK$ -1.6 Mil. Acme International Holdings's Interest Coverage for the quarter that ended in Jun. 2024 was 4.95. 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.

Acme International Holdings Interest Expense Historical Data

The historical data trend for Acme International 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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Acme International Holdings Interest Expense Chart

Acme International Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-0.61

-0.46

-2.40

-2.83

-3.72

Acme International Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial										-1.35	-1.42	-1.41	-1.64	-2.08

Acme International 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$-3.7 Mil.

Acme International Holdings (HKSE:01870) 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.

Acme International Holdings's Interest Expense for the six months ended in Jun. 2024 was HK$-1.6 Mil. Its Operating Income for the six months ended in Jun. 2024 was HK$8.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was HK$2.0 Mil.

Acme International 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	*	8.128	/	-1.642
	=	4.95

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

Acme International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Acme International Holdings Ltd (HKSE:01870) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Unit 3007-3008, 30 Floor, West Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG

Website

https://www.acmehld.com

Acme International Holdings Ltd is engaged in providing one-stop design and build solutions for BMU systems works, and development, design, production, and sales of new energy generation and energy storage systems, and provision of services for sales of electricity. The group has two reportable segments BMU Systems Business which is engaged in the provision of design and build solutions for BMU systems; and Green New Energy Business which is engaged in the development, design, production, and sale of new energy generation and energy storage system and provision of services for sales of electricity. It generates the majority of its revenue from the BMU Systems Business segment.

Executives

Treasure Ship Holding Limited	2101 Beneficial owner
Lin Zhang	2201 Interest of corporation controlled by you
Timeness Vision Limited	2201 Interest of corporation controlled by you
Teng Rongsong	2201 Interest of corporation controlled by you
Rr (bvi) Limited	2101 Beneficial owner
Kwan Kam Tim	2201 Interest of corporation controlled by you
Ma Lai Ling	2202 Interest of your spouse
Zhao Yuzhu	2101 Beneficial owner
Liao Shigang	2202 Interest of your spouse

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