Guoquan Food (Shanghai) Co (HKSE:02517) Interest Expense : HK$-6 Mil (TTM As of Dec. 2023)

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What is Guoquan Food (Shanghai) Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Guoquan Food (Shanghai) Co's interest expense for the six months ended in Dec. 2023 was HK$ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-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. Guoquan Food (Shanghai) Co's Operating Income for the six months ended in Dec. 2023 was HK$ 351 Mil. Guoquan Food (Shanghai) Co's Interest Expense for the six months ended in Dec. 2023 was HK$ -6 Mil. Guoquan Food (Shanghai) Co's Interest Coverage for the quarter that ended in Dec. 2023 was 59.13. 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.

Guoquan Food (Shanghai) Co Interest Expense Historical Data

The historical data trend for Guoquan Food (Shanghai) 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.

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Guoquan Food (Shanghai) Co Interest Expense Chart

Guoquan Food (Shanghai) Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-2.36

-3.47

-2.86

-5.94

Guoquan Food (Shanghai) Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Interest Expense	-2.36	-3.47	-2.86	-5.94

Guoquan Food (Shanghai) Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-6 Mil.

Guoquan Food (Shanghai) Co (HKSE:02517) 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.

Guoquan Food (Shanghai) Co's Interest Expense for the six months ended in Dec. 2023 was HK$-6 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$351 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$22 Mil.

Guoquan Food (Shanghai) Co'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	*	351.318	/	-5.941
	=	59.13

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. Guoquan Food (Shanghai) Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Guoquan Food (Shanghai) Co (HKSE:02517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guoquan Food (Shanghai) Co Ltd (HKSE:02517) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 187, Xinghong Road, Room 802, No. 3, Minhang, Shanghai, CHN

Website

http://www.zzgqsh.com

Guoquan Food (Shanghai) Co Ltd is the leading and rapidly growing home meal products brand in China. It offers a variety of ready-to-eat, ready-to-heat, ready-to-cook and prepared ingredients, with a focus on at-home hotpot and barbecue products. With a carefully curated product portfolio and an extensive network of community-based stores, it enables consumers to enjoy meals at home with convenience, affordability and tastiness. Leveraging its robust supply chain and production capabilities, The company offers a wide variety of home meal products under the Guoquan Shihui brand through a nationwide network of 9,844 retail stores in China, serving diverse dining scenarios.

Executives

Zhao Yin Guo Ji Zi Ben Guan Li Shen Zhen You Xian Gong Si
Generation One Holdings Ltd	2101 Beneficial owner
Vision Knight Capital (china) Fund Ii, L.p.	2201 Interest of corporation controlled by you
Vision Knight Capital (china) Gp Ii, L.p.	2201 Interest of corporation controlled by you
Vkc (china) Gp Ii Ltd.	2201 Interest of corporation controlled by you
Vkc Cayman Ii Ltd.	2201 Interest of corporation controlled by you
Ho Chi Sing	2201 Interest of corporation controlled by you
Wei Zhe	2201 Interest of corporation controlled by you
Zhao Shang Yin Xing Gu Fen You Xian Gong Si
Li Zhujie	2201 Interest of corporation controlled by you
Zhao Yin Guo Ji Jin Rong Kong Gu You Xian Gong Si
Zhao Yin Guo Ji Jin Rong You Xian Gong Si
Zhao Yin Jin Rong Kong Gu Shen Zhen You Xian Gong Si
Shang Hai Guo Xiao Quan Qi Ye Guan Li Zhong Xin You Xian He Huo	2101 Beneficial owner
San Quan Shi Pin Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

Guoquan Food (Shanghai) Co (HKSE:02517) Headlines

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