Tian Chang Group Holdings (HKSE:02182) Interest Expense : HK$-2.8 Mil (TTM As of Jun. 2024)

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What is Tian Chang Group Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tian Chang Group Holdings's interest expense for the six months ended in Jun. 2024 was HK$ -1.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-2.8 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. Tian Chang Group Holdings's Operating Income for the six months ended in Jun. 2024 was HK$ -12.3 Mil. Tian Chang Group Holdings's Interest Expense for the six months ended in Jun. 2024 was HK$ -1.5 Mil. Tian Chang Group Holdings did not have earnings to cover the interest expense. 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.

Tian Chang Group Holdings Interest Expense Historical Data

The historical data trend for Tian Chang Group 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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Tian Chang Group Holdings Interest Expense Chart

Tian Chang Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-8.82

-7.67

-7.21

-5.44

-2.80

Tian Chang Group Holdings Semi-Annual Data
	Dec14	Dec15	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														-3.91	-3.12	-2.31	-1.47	-1.34

Tian Chang Group 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$-2.8 Mil.

Tian Chang Group Holdings (HKSE:02182) 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.

Tian Chang Group Holdings's Interest Expense for the six months ended in Jun. 2024 was HK$-1.5 Mil. Its Operating Income for the six months ended in Jun. 2024 was HK$-12.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was HK$7.5 Mil.

Tian Chang Group Holdings's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Tian Chang Group Holdings did not have earnings to cover the interest expense.

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

Tian Chang Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Tian Chang Group Holdings Ltd (HKSE:02182) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Hoi Yuen Road, Workshop Unit 6, 13th Floor, Block B, Hoi Luen Industrial Centre, Kwun Tong, Hong Kong, HKG

Website

https://www.hktcgroup.com

Tian Chang Group Holdings Ltd is principally engaged in manufacturing and sales of electronic cigarette products and providing integrated plastic solutions in Hong Kong and in the PRC. It operates in the segments of Integrated plastic solutions segment, Electronic cigarette products segment, and Medical consumable products segment. The E-cigarettes products segment involves the manufacture and sales of e-cigarette products whereas the Integrated plastic solutions segment consists of the manufacture and sales of moulds and plastic products. It derives key revenue from the PRC.

Executives

Chan Tsan Lam	2101 Beneficial owner
Fung Suk Yee May	2202 Interest of your spouse
Cheng Chak	2101 Beneficial owner
Oceanic Green Group Limited
New Strength Ventures Limited	2101 Beneficial owner
Gold Alliance Ventures Limited	2101 Beneficial owner
New Straits Ventures Limited	2101 Beneficial owner

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