China Glass Holdings (HKSE:03300) Interest Expense : HK$-390 Mil (TTM As of Jun. 2024)

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What is China Glass Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Glass Holdings's interest expense for the six months ended in Jun. 2024 was HK$ -216 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-390 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 Glass Holdings's Operating Income for the six months ended in Jun. 2024 was HK$ 73 Mil. China Glass Holdings's Interest Expense for the six months ended in Jun. 2024 was HK$ -216 Mil. China Glass Holdings's Interest Coverage for the quarter that ended in Jun. 2024 was 0.34. 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 Glass Holdings Interest Expense Historical Data

The historical data trend for China Glass 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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China Glass Holdings Interest Expense Chart

China Glass Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-199.92

-238.54

-157.20

-218.71

-326.43

China Glass Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-105.84	-117.88	-152.34	-174.09	-216.18

China Glass 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$-390 Mil.

China Glass Holdings (HKSE:03300) 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 Glass Holdings's Interest Expense for the six months ended in Jun. 2024 was HK$-216 Mil. Its Operating Income for the six months ended in Jun. 2024 was HK$73 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was HK$4,883 Mil.

China Glass 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	*	72.615	/	-216.177
	=	0.34

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. China Glass Holdings Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

China Glass Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Glass Holdings Ltd (HKSE:03300) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

168-200 Connaught Road, Unit 2608, 26th Floor, West Tower, Shun Tak Centre, Central, Hong Kong, HKG

Website

https://www.chinaglassholdings.com

China Glass Holdings Ltd is engaged in the production, marketing, and distribution of float glass, reflective glass, and other glass products. It has five business segments, Clear glass products; Painted glass products; Coated glass products; Energy saving and new energy glass products, such as ultra clear glass, low emission coated glass, and photovoltaic battery module products; and Designing and installation services of pharmaceutical glass production lines. Geographically, the company has operations in Mainland China, Hong Kong, the Middle East, Nigeria, Italy, Kazakhstan and other countries. It generates a majority of its revenues from the Clear glass products segment.

Executives

Tung Ching Sai	2202 Interest of your spouse
Sze Tan Hung	2101 Beneficial owner
Cao Zhijiang	2201 Interest of corporation controlled by you
Easylead Management Limited	2201 Interest of corporation controlled by you
Liu Jinduo	2201 Interest of corporation controlled by you
Zhang Zuxiang	2201 Interest of corporation controlled by you
First Fortune Enterprises Limited	2101 Beneficial owner
Right Lane Limited	2201 Interest of corporation controlled by you
Lian Xiang Hong Yi Guo Ji You Xian Gong Si	2201 Interest of corporation controlled by you
Lian Xiang Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Beng Bu Hua Jin Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhao John Huan	2201 Interest of corporation controlled by you
United Strength Upward Limited	2201 Interest of corporation controlled by you
New Glory Management Limited	2201 Interest of corporation controlled by you
New Glory Fund L.p.	2101 Beneficial owner

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