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Ritamix Global (HKSE:01936) Interest Expense : HK$-0.3 Mil (TTM As of Jun. 2024)


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What is Ritamix Global Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ritamix Global's interest expense for the six months ended in Jun. 2024 was HK$ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-0.3 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. Ritamix Global's Operating Income for the six months ended in Jun. 2024 was HK$ 6.0 Mil. Ritamix Global's Interest Expense for the six months ended in Jun. 2024 was HK$ -0.1 Mil. Ritamix Global's Interest Coverage for the quarter that ended in Jun. 2024 was 69.53. 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.

Ritamix Global Interest Expense Historical Data

The historical data trend for Ritamix Global'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.

Ritamix Global Interest Expense Chart

Ritamix Global Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -0.28 -0.10 -0.06 -0.04 -0.22

Ritamix Global Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.03 -0.01 -0.03 -0.19 -0.09

Ritamix Global 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$-0.3 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.

Ritamix Global  (HKSE:01936) 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.

Ritamix Global's Interest Expense for the six months ended in Jun. 2024 was HK$-0.1 Mil. Its Operating Income for the six months ended in Jun. 2024 was HK$6.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was HK$1.3 Mil.

Ritamix Global'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*5.98/-0.086
=69.53

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Ritamix Global Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Ritamix Global Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ritamix Global Ltd (HKSE:01936) » Definitions » Interest Expense
Comparable Companies
HKSE:02497 HKSE:01203 HKSE:00875 HKSE:01084 HKSE:06911 HKSE:02425 HKSE:00197 HKSE:01431 HKSE:00682 HKSE:01432 SZSE:002714 ADM TSN SZSE:300498 BG OSL:MOWI OSL:SALM SZSE:000876 BKK:CPF CALM
Traded in Other Exchanges
N/A
Address
No. 7, Jalan TP 7, UEP Industrial Park, Shah Alam, SGR, MYS, 40400
Website
https://www.ritamix-global.com
Ritamix Global Ltd is engaged in the distribution of animal feed additives and, human food ingredients; and the manufacturing of animal feed additives premixes. The company offers a wide range of animal feed additives including amino acids, vitamins, minerals, enzymes, and photogenic ingredients produced by chemical and feed ingredients companies of international brand names. It has diversified its product portfolio to include human food ingredients such as baking soda, minerals, hydrocolloids, emulsifiers, and vitamins. Its operating segments include the Animal feed additives products segment: manufacturing and distribution of animal feed additives products; and the Human food ingredient products segment: distribution of human food ingredient products.
Executives
Garry-worth Investment Limited
Lee Haw Hann
Lee Haw Shyang
Lee Haw Yih
Yaw Sook Kean
Yee Mei Loon
Voon Sze Lin
Warrants Capital Ltd
Lim Ee Min

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