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Zhixin Group Holding (HKSE:02187) Interest Expense : HK$-20.6 Mil (TTM As of Jun. 2024)


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What is Zhixin Group Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhixin Group Holding's interest expense for the six months ended in Jun. 2024 was HK$ -10.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-20.6 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. Zhixin Group Holding's Operating Income for the six months ended in Jun. 2024 was HK$ 6.4 Mil. Zhixin Group Holding's Interest Expense for the six months ended in Jun. 2024 was HK$ -10.8 Mil. Zhixin Group Holding's Interest Coverage for the quarter that ended in Jun. 2024 was 0.59. 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.

Zhixin Group Holding Interest Expense Historical Data

The historical data trend for Zhixin Group Holding'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.

Zhixin Group Holding Interest Expense Chart

Zhixin Group Holding Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -9.47 -15.22 -15.40 -14.33 -17.37

Zhixin Group Holding Semi-Annual Data
Dec17 Dec18 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 -8.67 -6.07 -7.62 -9.75 -10.82

Zhixin Group Holding 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$-20.6 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.

Zhixin Group Holding  (HKSE:02187) 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.

Zhixin Group Holding's Interest Expense for the six months ended in Jun. 2024 was HK$-10.8 Mil. Its Operating Income for the six months ended in Jun. 2024 was HK$6.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was HK$137.5 Mil.

Zhixin Group Holding'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*6.403/-10.819
=0.59

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Zhixin Group Holding Ltd interest coverage is 1.5, which is low.

Zhixin Group Holding Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Zhixin Group Holding Ltd (HKSE:02187) » Definitions » Interest Expense
Comparable Companies
HKSE:08427 HKSE:00366 HKSE:00022 HKSE:03300 HKSE:01118 HKSE:01847 HKSE:01323 HKSE:01943 HKSE:01102 HKSE:02212 XSWX:HOLN CRH BOM:532538 XTER:HEI VMC MLM NSE:GRASIM SHSE:600585 BOM:500425 BOM:500387
Traded in Other Exchanges
N/A
Address
1.No. 55, Guankou Avenue, Jimei District, Fujian Province, Xiamen, CHN
Website
http://www.xiamenzhixin.com
Zhixin Group Holding Ltd is a manufacturer and supplier of concrete-based building materials. The principal products of the company are ready-mixed concrete and precast concrete components. In addition, the Group is also engaged in solid waste processing and sales of eco-friendly construction materials. The company's operating segments are (i) Ready-mixed concrete, (ii) Precast concrete components, and (iii) Tailings recycling and bricks. The majority of revenue is from the Ready-mixed concrete segment.
Executives
Huatai Securities Co., Ltd. 2201 Interest of corporation controlled by you
Yeung Man 2101 Beneficial owner
Lai Yiyang 2101 Beneficial owner
Hong Wei 2202 Interest of your spouse
Ye Zhijie 2201 Interest of corporation controlled by you
Zhixin Investment Holding Limited 2101 Beneficial owner
Huang Wengui 2201 Interest of corporation controlled by you
Lin Lingling 2202 Interest of your spouse
Yaohe Holding Limited 2101 Beneficial owner

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