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Folangsi Co (HKSE:02499) Interest Expense : HK$-104 Mil (TTM As of Jun. 2024)


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What is Folangsi Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Folangsi Co's interest expense for the six months ended in Jun. 2024 was HK$ -54 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-104 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. Folangsi Co's Operating Income for the six months ended in Jun. 2024 was HK$ 96 Mil. Folangsi Co's Interest Expense for the six months ended in Jun. 2024 was HK$ -54 Mil. Folangsi Co's Interest Coverage for the quarter that ended in Jun. 2024 was 1.78. 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.

Folangsi Co Interest Expense Historical Data

The historical data trend for Folangsi 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.

Folangsi Co Interest Expense Chart

Folangsi Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Interest Expense
-87.25 -100.21 -93.37 -93.08

Folangsi Co Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23 Jun24
Interest Expense Get a 7-Day Free Trial - - -42.66 -50.42 -53.91

Folangsi 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-104 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.

Folangsi Co  (HKSE:02499) 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.

Folangsi Co's Interest Expense for the six months ended in Jun. 2024 was HK$-54 Mil. Its Operating Income for the six months ended in Jun. 2024 was HK$96 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was HK$1,148 Mil.

Folangsi Co'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*95.725/-53.914
=1.78

* 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.

Folangsi Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Folangsi Co Ltd (HKSE:02499) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 999, Yayun Avenue, Shiqi Town, Panyu District, Guangdong, Guangzhou, CHN, 511440
Website
https://www.fls123.com
Folangsi Co Ltd is a leading provider of intralogistics equipment solutions in China. They offer comprehensive services for the entire intralogistics equipment lifecycle, including subscription services, repair maintenance, and disposal. The company generates most of its revenue from equipment subscriptions and maintenance and repair services. Sales of intralogistics equipment and parts - where new and used intralogistics equipment, as well as related parts, are sold to meet customers' demands.
Executives
Hou Zebing
Hou Zekuan
Guangzhou Daze Investment Partnership (limited Partnership)
Yin Junping 2201 Interest of corporation controlled by you
Shenzhen Xinyu Equity Investment Enterprise (limited Partnership)
Zhang Gaozhao
Li Yan 2201 Interest of corporation controlled by you
Shang Hai Ding Man Qi Ye Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Shang Hai Ding Xiao Qi Ye Guan Li Zi Xun Zhong Xin You Xian He Huo 2201 Interest of corporation controlled by you
Ning Bo Ding Ji Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Su Zhou Zhong Ding Chuang Ye Er Hao Tou Zi Zhong Xin You Xian He Huo 2101 Beneficial owner

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