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Zhonggan Communication (Group) Holdings (HKSE:02545) Interest Expense : HK$-16.7 Mil (TTM As of Jun. 2024)


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What is Zhonggan Communication (Group) Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhonggan Communication (Group) Holdings's interest expense for the six months ended in Jun. 2024 was HK$ -8.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-16.7 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. Zhonggan Communication (Group) Holdings's Operating Income for the six months ended in Jun. 2024 was HK$ 26.9 Mil. Zhonggan Communication (Group) Holdings's Interest Expense for the six months ended in Jun. 2024 was HK$ -8.3 Mil. Zhonggan Communication (Group) Holdings's Interest Coverage for the quarter that ended in Jun. 2024 was 3.26. 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.

Zhonggan Communication (Group) Holdings Interest Expense Historical Data

The historical data trend for Zhonggan Communication (Group) 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.

* Premium members only.

Zhonggan Communication (Group) Holdings Interest Expense Chart

Zhonggan Communication (Group) Holdings Annual Data
Trend Dec21 Dec22 Dec23
Interest Expense
-14.06 -17.12 -18.25

Zhonggan Communication (Group) Holdings Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24
Interest Expense - - -9.81 -8.44 -8.27

Zhonggan Communication (Group) 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-16.7 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.

Zhonggan Communication (Group) Holdings  (HKSE:02545) 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.

Zhonggan Communication (Group) Holdings's Interest Expense for the six months ended in Jun. 2024 was HK$-8.3 Mil. Its Operating Income for the six months ended in Jun. 2024 was HK$26.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was HK$0.1 Mil.

Zhonggan Communication (Group) Holdings'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*26.941/-8.271
=3.26

* 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.

Zhonggan Communication (Group) Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Zhonggan Communication (Group) Holdings Ltd (HKSE:02545) » Definitions » Interest Expense
Comparable Companies
HKSE:00524 HKSE:08337 HKSE:02440 TMUS SHSE:600941 T VZ XTER:DTE CMCSA NSE:BHARTIARTL HKSE:00728 TSE:9984 TSE:9432 TSE:9434 TSE:9433 SAU:7010 CHTR MEX:AMXB HKSE:00762 SGX:Z74
Traded in Other Exchanges
N/A
Address
2799 Tianxiang Avenue, Room 101, Block 99, Nanchang Jiahai Industrial Park, Jiangxi Province, Nanchang High-tech Industrial Development Zone, Nanchang, CHN
Website
http://www.gantongjt.com
Zhonggan Communication (Group) Holdings Ltd is a integrated service provider and software developer in China. It focuses on the provision of Telecommunications Infrastructure Services and Digitalisation Solution Services. Telecommunications Infrastructure Services comprises of infrastructure Construction Services and Infrastructure Maintenance Services. Digitalisation Solution Services comprise of Integrated Solution Services, System Maintenance Services and - Software Solution Services. Key revenue is generated from Telecommunications Infrastructure Services.
Executives
Gt & Yangtze Limited 2101 Beneficial owner
Liu Haoqiong 2201 Interest of corporation controlled by you
Tao Xiulan 2201 Interest of corporation controlled by you
Liu Dingyi 2201 Interest of corporation controlled by you
Octuple Hills Limited 2101 Beneficial owner
Huat Huat Limited 2101 Beneficial owner
Liu Dingli 2201 Interest of corporation controlled by you

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