China Xinhua Education Group (HKSE:02779) Interest Expense : HK$-15.6 Mil (TTM As of Dec. 2023)

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What is China Xinhua Education Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Xinhua Education Group's interest expense for the six months ended in Dec. 2023 was HK$ -8.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-15.6 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. China Xinhua Education Group's Operating Income for the six months ended in Dec. 2023 was HK$ 133.5 Mil. China Xinhua Education Group's Interest Expense for the six months ended in Dec. 2023 was HK$ -8.5 Mil. China Xinhua Education Group's Interest Coverage for the quarter that ended in Dec. 2023 was 15.69. 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.

China Xinhua Education Group Interest Expense Historical Data

The historical data trend for China Xinhua Education 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.

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China Xinhua Education Group Interest Expense Chart

China Xinhua Education Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.94

-15.51

-21.32

-17.64

-15.63

China Xinhua Education Group Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial												-11.89	-9.37	-8.72	-7.13	-8.51

China Xinhua Education 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-15.6 Mil.

China Xinhua Education Group (HKSE:02779) 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.

China Xinhua Education Group's Interest Expense for the six months ended in Dec. 2023 was HK$-8.5 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$133.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$542.8 Mil.

China Xinhua Education Group'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	*	133.539	/	-8.509
	=	15.69

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

China Xinhua Education Group (HKSE:02779) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Xinhua Education Group Ltd (HKSE:02779) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

No. 555 West Wangjiangxi Road, High-Tech Development Zone, Anhui Province, Hefei, CHN, 230088

Website

http://www.chinaxhedu.com

China Xinhua Education Group Ltd is principally engaged in the provision of education services in China. It mainly provides private formal higher education and formal secondary vocational education in the Yangtze River Delta. It currently operates four private schools, namely Anhui Xinhua University, School of Clinical Medicine jointly operated by the Group and Anhui Medical University, Hongshan College, a college jointly operated by the Group and Nanjing University of Finance & Economics Hongshan College, and Anhui Xinhua School. The company generates revenues from tuition fees, and boarding fees out of which tuition fees contribute the majority part.

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