Everbright Grand China Assets (HKSE:03699) Interest Expense : HK$-0.05 Mil (TTM As of Dec. 2023)

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What is Everbright Grand China Assets Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Everbright Grand China Assets's interest expense for the six months ended in Dec. 2023 was HK$ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-0.05 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. Everbright Grand China Assets's Operating Income for the six months ended in Dec. 2023 was HK$ 6.96 Mil. Everbright Grand China Assets's Interest Expense for the six months ended in Dec. 2023 was HK$ -0.02 Mil. Everbright Grand China Assets's Interest Coverage for the quarter that ended in Dec. 2023 was 347.95. 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.

Everbright Grand China Assets Interest Expense Historical Data

The historical data trend for Everbright Grand China Assets'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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Everbright Grand China Assets Interest Expense Chart

Everbright Grand China Assets Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.59

-1.28

-0.82

-0.26

-0.05

Everbright Grand China Assets Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial													-0.35	-0.24	-0.03	-0.03	-0.02

Everbright Grand China Assets 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$-0.05 Mil.

Everbright Grand China Assets (HKSE:03699) 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.

Everbright Grand China Assets's Interest Expense for the six months ended in Dec. 2023 was HK$-0.02 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$6.96 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$0.23 Mil.

Everbright Grand China Assets'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	*	6.959	/	-0.02
	=	347.95

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. Everbright Grand China Assets Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Everbright Grand China Assets (HKSE:03699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Everbright Grand China Assets Ltd (HKSE:03699) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

56 Gloucester Road, Room 1302, 13th Floor, Bank of East Asia Harbour View Centre, Wanchai, Hong Kong, HKG

Website

https://www.ebgca.com.hk

Everbright Grand China Assets Ltd is a property management company engaged in property leasing, provision of property management services, and sales of properties held for sale. The Group's leasing properties are located in Chengdu, Sichuan province, and Kunming, Yunnan province in the PRC.

Executives

Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Zhong Guo Guang Da Ji Tuan Gu Fen Gong Si	2201 Interest of corporation controlled by you
Top Charm Investments Limited	2101 Beneficial owner
Guo Ji Yong Nian You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Guang Da Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Cai Lian Tou Zi You Xian Gong Si	2101 Beneficial owner

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