Jiu Rong Holdings (HKSE:02358) Interest Expense : HK$-55.1 Mil (TTM As of Jun. 2023)

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What is Jiu Rong Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiu Rong Holdings's interest expense for the six months ended in Jun. 2023 was HK$ -29.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was HK$-55.1 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. Jiu Rong Holdings's Operating Income for the six months ended in Jun. 2023 was HK$ -3.3 Mil. Jiu Rong Holdings's Interest Expense for the six months ended in Jun. 2023 was HK$ -29.2 Mil. Jiu Rong 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.

Jiu Rong Holdings Interest Expense Historical Data

The historical data trend for Jiu Rong 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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Jiu Rong Holdings Interest Expense Chart

Jiu Rong Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-15.57

-34.40

-67.07

-64.51

-56.89

Jiu Rong Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-29.14	-35.37	-31.04	-25.85	-29.21

Jiu Rong 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-55.1 Mil.

Jiu Rong Holdings (HKSE:02358) 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.

Jiu Rong Holdings's Interest Expense for the six months ended in Jun. 2023 was HK$-29.2 Mil. Its Operating Income for the six months ended in Jun. 2023 was HK$-3.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was HK$541.4 Mil.

Jiu Rong Holdings's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Jiu Rong Holdings did not have earnings to cover the interest expense.

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

Jiu Rong Holdings (HKSE:02358) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

1 Harbour Road, Flat 8, 49th Floor, Office Tower, Convention Plaza, Wanchai, Hong Kong, HKG

Website

http://www.jiurongkg.com

Jiu Rong Holdings Ltd is an investment holding company. Its Digital Video business segment, which is the key revenue driver, carries out the manufacturing and sales of digital television (TV), high definition liquid crystal display TV, and set-top boxes as well as provision of application of solutions regarding the integration of telecommunication, TV, and internet in the digital audiovisual industry. The other segments of the group are the New energy vehicles business; Cloud Ecological Big Data Business; Properties development, Properties investment and, General Trading. The group has a business presence in the PRC, Hong Kong, and Cuba, of which a majority of revenue is generated from the PRC.

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