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Powerwin Tech Group (HKSE:02405) Interest Expense : HK$-37.6 Mil (TTM As of Jun. 2024)


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What is Powerwin Tech Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Powerwin Tech Group's interest expense for the six months ended in Jun. 2024 was HK$ -20.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-37.6 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. Powerwin Tech Group's Operating Income for the six months ended in Jun. 2024 was HK$ 20.3 Mil. Powerwin Tech Group's Interest Expense for the six months ended in Jun. 2024 was HK$ -20.9 Mil. Powerwin Tech Group's Interest Coverage for the quarter that ended in Jun. 2024 was 0.97. 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.

Powerwin Tech Group Interest Expense Historical Data

The historical data trend for Powerwin Tech Group'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.

Powerwin Tech Group Interest Expense Chart

Powerwin Tech Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
-4.50 -7.00 -9.27 -14.86 -32.38

Powerwin Tech Group Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Expense Get a 7-Day Free Trial -6.27 -8.64 -15.79 -16.64 -20.93

Powerwin Tech Group 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$-37.6 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.

Powerwin Tech Group  (HKSE:02405) 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.

Powerwin Tech Group's Interest Expense for the six months ended in Jun. 2024 was HK$-20.9 Mil. Its Operating Income for the six months ended in Jun. 2024 was HK$20.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was HK$5.3 Mil.

Powerwin Tech Group'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*20.259/-20.931
=0.97

* 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. Powerwin Tech Group Ltd interest coverage is 2.19, which is low.

Powerwin Tech Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Powerwin Tech Group Ltd (HKSE:02405) » Definitions » Interest Expense
Comparable Companies
HKSE:01860 HKSE:00752 HKSE:01948 HKSE:09919 HKSE:02486 HKSE:02131 HKSE:00343 HKSE:06988 HKSE:01993 HKSE:00623 XPAR:PUB OMC SZSE:002027 IPG LSE:WPP TSE:4324 XPAR:DEC TSE:2433 ZD TSE:4751
Traded in Other Exchanges
N/A
Address
Zhubang 2000 Business Center, Block B, Building 1, Chaoyang District, Beijing, CHN
Website
https://www.empowerwin.com
Powerwin Tech Group Ltd is a cross-border digital marketing service provider in China. It covers mainstream media platforms such as Facebook, Instagram, Messenger, Google, Twitter, TikTok, YouTube, Snapchat, and Pinterest, providing customers with diversified and full-link cross-border digital marketing services and online shop SaaS solutions. Geographically the company generates revenue from Hong Kong and the Chinese mainland, where the majority of revenue is generated from Hong Kong. The company provides Standardized, Customized, and SaaS-based digital marketing services.
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