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Vanov Holdings Co (HKSE:02260) Interest Expense : HK$-12.8 Mil (TTM As of Dec. 2023)


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What is Vanov Holdings Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vanov Holdings Co's interest expense for the six months ended in Dec. 2023 was HK$ -6.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-12.8 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. Vanov Holdings Co's Operating Income for the six months ended in Dec. 2023 was HK$ 48.7 Mil. Vanov Holdings Co's Interest Expense for the six months ended in Dec. 2023 was HK$ -6.5 Mil. Vanov Holdings Co's Interest Coverage for the quarter that ended in Dec. 2023 was 7.53. 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.

Vanov Holdings Co Interest Expense Historical Data

The historical data trend for Vanov Holdings Co'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.

Vanov Holdings Co Interest Expense Chart

Vanov Holdings Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -7.42 -8.58 -10.08 -11.77 -12.81

Vanov Holdings Co Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.42 -5.87 -6.18 -6.35 -6.46

Vanov Holdings Co 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-12.8 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.

Vanov Holdings Co  (HKSE:02260) 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.

Vanov Holdings Co's Interest Expense for the six months ended in Dec. 2023 was HK$-6.5 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$48.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$238.1 Mil.

Vanov Holdings Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*48.655/-6.46
=7.53

* 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.

Vanov Holdings Co (HKSE:02260) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Vanov Holdings Co Ltd (HKSE:02260) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 519, Section 2, Xinhua Avenue, Chengdu Strait Science and Technology, Industry Development Park, Sichuan Province, Wenjiang District, Chengdu, CHN
Website
http://www.canov.cn
Vanov Holdings Co Ltd is an investment holding company and its subsidiaries are principally engaged in the design, manufacture and sales of papermaking felts. The company has its variety of products which includes Packaging papermaking felts, Specialty papermaking felts, Printing papermaking felts, Printing papermaking felts, Pulp papermaking felts. The company generates majority of its revenue from The PRC region.
Executives
Shen Genlian 2307 Founder of a discretionary trust who can infl
Vistra Trust (singapore) Pte. Limited 2301 Trustee
Zhou Jun 2202 Interest of your spouse
Perfect Angle Limited 2101 Beneficial owner
Wonderful Advisor Limited

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