Modern Innovative Digital Technology Company (HKSE:02322) Interest Expense : HK$-0.53 Mil (TTM As of Sep. 2024)

View and export this data going back to 2003. Start your Free Trial

What is Modern Innovative Digital Technology Company Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Modern Innovative Digital Technology Company's interest expense for the six months ended in Sep. 2024 was HK$ -0.20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was HK$-0.53 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. Modern Innovative Digital Technology Company's Operating Income for the six months ended in Sep. 2024 was HK$ -31.16 Mil. Modern Innovative Digital Technology Company's Interest Expense for the six months ended in Sep. 2024 was HK$ -0.20 Mil. Modern Innovative Digital Technology Company 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.

Modern Innovative Digital Technology Company Interest Expense Historical Data

The historical data trend for Modern Innovative Digital Technology Company'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.

Modern Innovative Digital Technology Company Interest Expense Chart

Modern Innovative Digital Technology Company Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

Get a 7-Day Free Trial

-1.44

-3.14

-2.02

-2.16

-0.79

Modern Innovative Digital Technology Company Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.98	-1.17	-0.46	-0.33	-0.20

Modern Innovative Digital Technology Company 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-0.53 Mil.

Modern Innovative Digital Technology Company (HKSE:02322) 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.

Modern Innovative Digital Technology Company's Interest Expense for the six months ended in Sep. 2024 was HK$-0.20 Mil. Its Operating Income for the six months ended in Sep. 2024 was HK$-31.16 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was HK$0.00 Mil.

Modern Innovative Digital Technology Company's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Modern Innovative Digital Technology Company did not have earnings to cover the interest expense.

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

Modern Innovative Digital Technology Company Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Modern Innovative Digital Technology Company Ltd (HKSE:02322) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Suite 2202, 22nd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.midt.hk

Modern Innovative Digital Technology Company Ltd formerly, Hong Kong ChaoShang Group Ltd is an investment holding company. It is engaged in Trading, Money lending & factoring segment, Finance leasing, and Finance Services. The trading segment is a key revenue driver, involved in the trading of goods in the PRC and Hong Kong. Money lending includes the provision of loan and factoring financing in Hong Kong and the PRC whereas, the finance leasing segment is engaged in the provision of finance leasing and sale-leaseback in the PRC. The financial services segment engaged in the provision of securities dealing broking, placing, underwriting, margin financing, and asset management services in Hong Kong. Geographically, it generates the majority of its revenue from the PRC.

Executives

Lau Hoi Kit	2101 Beneficial owner
Superb Smart Limited	2101 Beneficial owner
Zheng Juhua	2201 Interest of corporation controlled by you

Modern Innovative Digital Technology Company Headlines

No Headlines