Million Cities Holdings (HKSE:02892) Interest Expense : HK$-2.1 Mil (TTM As of Dec. 2023)

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What is Million Cities Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Million Cities Holdings's interest expense for the six months ended in Dec. 2023 was HK$ -2.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-2.1 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. Million Cities Holdings's Operating Income for the six months ended in Dec. 2023 was HK$ -375.4 Mil. Million Cities Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$ -2.1 Mil. Million Cities Holdings did not have earnings to cover the interest expense. 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.

Million Cities Holdings Interest Expense Historical Data

The historical data trend for Million Cities 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.

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Million Cities Holdings Interest Expense Chart

Million Cities Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-7.02

-5.65

-26.88

-5.16

-6.96

Million Cities Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial												-0.61	-4.58	-4.91	-2.06	-0.01

Million Cities 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-2.1 Mil.

Million Cities Holdings (HKSE:02892) 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.

Million Cities Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-2.1 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$-375.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$0.0 Mil.

Million Cities Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Million Cities Holdings did not have earnings to cover the interest expense.

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

Million Cities Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Million Cities Holdings Ltd (HKSE:02892) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

57 Ting Kok Road, Unit D, 21st Floor, Block 1, Tai Ping Industrial Centre, Tai Po New Territories, Hong Kong, HKG

Website

http://www.millioncities.com.cn

Million Cities Holdings Ltd is an investment holding company engaged in property development. The company generates revenues from the sale of properties and gross rentals from properties. It derives all of its revenues from China.

Executives

East Asia International Trustees Limited	2301 Trustee
Fortune Speed Investments Ltd.	2101 Beneficial owner
Happy Family Assets Limited	2201 Interest of corporation controlled by you
Winnermax Management Limited	2201 Interest of corporation controlled by you
Wang Kam Chu	2202 Interest of your spouse
Wong Ting Chung	2305 Beneficiary of a trust
Tsoi Suet Ngai	2202 Interest of your spouse
Wong Ting Chun	2305 Beneficiary of a trust
Chan Ka Wai	2202 Interest of your spouse
Wong Ting Kau	2305 Beneficiary of a trust
Lau Ka Keung	2202 Interest of your spouse
Wong Wai Ling	2305 Beneficiary of a trust

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