Maxicity Holdings (HKSE:02295) Interest Expense : HK$-0.1 Mil (TTM As of Dec. 2023)

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What is Maxicity Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Maxicity Holdings's interest expense for the six months ended in Dec. 2023 was HK$ -0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-0.1 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. Maxicity Holdings's Operating Income for the six months ended in Dec. 2023 was HK$ 6.4 Mil. Maxicity Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$ -0.0 Mil. Maxicity Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 151.62. 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.

Maxicity Holdings Interest Expense Historical Data

The historical data trend for Maxicity 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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Maxicity Holdings Interest Expense Chart

Maxicity Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.03

-0.02

-0.05

-0.08

Maxicity Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial								-	-0.05	-0.04	-0.04	-0.03

Maxicity 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-0.1 Mil.

Maxicity Holdings (HKSE:02295) 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.

Maxicity Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-0.0 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$6.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$0.3 Mil.

Maxicity Holdings'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	*	6.368	/	-0.042
	=	151.62

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. Maxicity Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Maxicity Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Maxicity Holdings Ltd (HKSE:02295) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

100 Granville Road, Harbour Crystal Centre, Unit 1A, 6th Floor, Tsim Sha Tsui, Hong Kong, HKG

Website

http://www.maxicity.com.hk

Maxicity Holdings Ltd is a slope works contractor in Hong Kong. The company's services include drilling and installation of soil nails; construction of retaining walls; installation of debris flow protection rigid barriers; construction of flexible barrier system; installation of raking drains; installation of wire meshes and mats for erosion control; construction of concrete maintenance stairway; and landscape softworks and establishment works. The group principally operates in Hong Kong.

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